National Fair Housing Alliance Praises Biden-Harris Administration’s New Efforts to Narrow Racial Wealth Gap
- At June 01, 2021
- By fhfla
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Washington, D.C. — Today, Lisa Rice, President and CEO of the National Fair Housing Alliance (NFHA), issued the following statement in response to President Biden’s historic announcement today in Tulsa, Oklahoma regarding new actions to build Black wealth and narrow the racial wealth gap:
“We are thrilled to see the Biden-Harris Administration taking steps to build Black wealth, narrow the racial wealth gap and reinvest in communities that have been slighted for centuries, and we are encouraged by the measures the Administration is taking to ensure people of color can tap into and access housing and lending opportunities.
“Being eligible for an opportunity does not mean people can access that program, product, or service. In fact, structural racism has meant that eligible people of color often cannot avail themselves of opportunities to access homeownership. Secretary Marcia Fudge is making sure components are in place so people can get the quality loans they need to purchase housing they can afford in their neighborhood of choice.
“The steps President Biden is taking to address our nation’s long history of housing discrimination and the structural barriers that lock people out of housing opportunities is both welcomed and urgently needed. Racism is not only harmful to individuals, but it is destructive to our entire society. It makes us less competitive and productive in global markets.
“It is critically important that federal agencies take steps to bolster homeownership rates for low- and moderate-income homebuyers in underserved communities while protecting against gentrification. Across the country, just 48 percent of Latinos and 42 percent of Blacks own their own homes, compared to 72 percent of Whites. Latino and Black Americans also have just a fraction of the wealth of their White counterparts.
“The low rate of homeownership among Blacks, Latinos, Native Americans, and Asians is a result of the persistent wealth gap, discrimination, and structural barriers such as algorithmic bias. The use of technology in the housing industry is on the rise. It has been criticized for contributing to discriminatory outcomes that have profound impacts on whether people of color can successfully obtain housing, credit, or insurance.
“There is so much work to be done to address centuries of redlining, segregation, a widening wealth gap, and other biased policies that are unfortunately woven into our nation’s fabric. Our Keys Unlock Dreams initiative is dedicated to increasing the homeownership rate for communities of color and millennials while simultaneously closing the racial wealth gap and ensuring that every neighborhood has the resources and amenities people need to live successful lives. Through this effort and continued innovative approaches like what the Biden-Harris Administration is proposing, we are confident we can put an end to housing inequality and place underserved families in positions to own homes and accumulate intergenerational wealth.”
About NFHA’s Keys Unlock Dreams Initiative
Keys Unlock Dreams is a nationwide initiative led by the National Fair Housing Alliance (NFHA) dedicated to increasing the homeownership rate for communities of color and millennials, while simultaneously closing the racial wealth gap. This initiative strives to demystify and unlock the American dream of homeownership, opening the doors to the many opportunities and options that it provides.
Kristen Clarke becomes first Black woman to head DOJ’s Civil Rights Division
- At May 31, 2021
- By fhfla
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National Fair Housing Alliance Applauds Confirmation of Vanita Gupta as United States Associate Attorney General
- At April 21, 2021
- By fhfla
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Washington, D.C. — Today, Lisa Rice, President and CEO of the National Fair Housing Alliance (NFHA), issued the following statement on the Senate’s confirmation of Vanita Gupta to serve as Associate Attorney General of the United States:
“This is a tremendous day for civil rights. Now confirmed by the Senate, Vanita Gupta will be the first civil rights lawyer and first woman of color ever to serve as Associate Attorney General. NFHA is looking forward to working closely with Associate Attorney General Gupta as she steps into the leadership of an agency that plays a crucial role in enforcing our nation’s civil rights laws.
“Associate Attorney General Gupta has spent her career fighting for equality and advancing the civil rights of many communities. Her record as a civil rights leader and attorney is incredibly strong and she has gone above and beyond to protect fair housing and lending rights so that everyone has a chance to succeed, no matter where they live or what they look like.
“At a time of rampant anti-voter legislation, increased hate crimes, and other attacks on our rights and our democracy, it is critical that we have a dedicated civil rights lawyer who has consistently advanced the cause of justice serving in one of the top positions at the Department of Justice. We look forward to working with Associate Attorney General Gupta and the Biden-Harris Administration to ensure a more equitable society and equal housing opportunity for all people.”
NFHA Issues Statement on the Passing of Walter Mondale
- At April 20, 2021
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