Things That Matter

Kamala Harris Proposes Ambitious $100 Billion Grant Program To Close Racial Gap In Homeownership

Democratic Presidential candidate Kamala Harris, a California Senator, has recently proposed a $100 billion federal grant solution to help address the racial wealth gap for Black Americans. The crux of the solution is centered in homeownership. She wants to help pay for down payments and closing costs for families of color that are still affected by redline segregation-era practices. She announced her plan Saturday at the Essence Festival in New Orleans, which aims to lift up Black women.

“That not only lifts up black America, that lifts up all of America,” she told the crowd.

The plan would help at least 4 million families that are living in those areas that were redlined. Redlining is the term used to describe Jim Crow laws that limited black families’ abilities to take out loans to buy homes. Redlining effectively set boundaries on where those families could live, and, generations later, those families continue to suffer.

The plan also includes a crucial policy change that would raise credit scores for many minority families.

Credit: @KamalaHarris / Twitter

Her plan is to change federal policy that would count rent payments and utility bill payments toward credit scores, effectively raising credit scores for POC. The plan would give families of color assistance with buying homes in neighborhoods they had been racially biased from living it by offering grants up to $25,000.

The plan would increase the average wealth of Latino households by $29,000.

Credit: @KamalaHarris / Twitter

It would also increase the average wealth of Black households by about $32,000, according to The New York Times. By aiding with down payments and closing costs, it allows families to buy homes that they could pay off with their existing monthly income, rather than requiring tens of thousands of dollars in savings before ownership.

Of course, Fox News is already screaming their heads off about reverse racism.

Credit: @Bakari_Sellers / Twitter

Unlike offering home loans that families can’t afford, which caused the 2008 housing crisis, this plan seeks to make true reparations for Black families that were prevented from owning homes due to Jim Crow laws.

Thankfully, folks are clapping back at the #whitesplaining.

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Instead of discussing the issue at hand–reparations for redlining–Tucker Carlson and his gang talked about how it would be racist to white people by not including them in the conversation. If white folks were included in the conversation, it would be as perpetrators of racist systemic oppression, but Kamala Harris is focusing on justice for black folks, not punishing white folks.

Some people are generally concerned over “race-baiting” policies.

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We see you Pan Dulce. There are over 40 million Black folks in the United States, and several responded to Harris’ tweet with concern that this only helps 10 percent of the population. Of course, the 4 million that would be helped are a diverse group of POC that are descendants of those that were racially segregated. That’s several generations of POC paying rent to a landlord instead of owning a home they could pass onto the next generation, to give them a leg up in the world. When reparations aren’t made, families remain static, instead of progressing.

Just one example of a certified Doctorate in Reverse Racism.

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We don’t know what your Ph.D. is in, Mr. Eddie Donovan, but it certainly isn’t in systemic injustice or empathy. Hope you had fun leaving that little winky face at the end of a tone-deaf comment, though. Harris’s plan aims to undo generations of unfair and racist practices that hurt Black and brown communities. The same plans being proposed were once used exclusively for white communities so it is just a way to even the playing field.

Harris is tackling systemic injustice alongside Alexandria Ocasio-Cortez in other ways, too.

Credit: @KamalaHarris / Twitter

Just this week, the duo introduced a bill that would reduce recidivism through housing after incarcerated individuals leave the system. America has the highest percentage of our population behind bars than any other country in the world. Many of the laws that place folks in jail started out as Jim Crow laws and have simply evolved to become more insidiously racist.

Regardless of those offended by the proposal, people are coming out in droves to support the effort.

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Keep it going, Harris. #BlackWomenMagic

A Univision poll showed that Kamala Harris support by Latinos more than doubled from 6 percent to 22 percent after the debates.

@KamalaHarris / Twitter

The poll only included 411 Latino voters and showed Kamala Harris in the lead with 22 percent. Castro was behind her with 18 percent, and Biden and Sanders were tied at 16 percent.

READ: Don. Jr. Said Kamala Harris Wasn’t Black Enough And Democratic Presidential Candidates Are Not Having It

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