July 06, 2019

Kamala Harris proposes $100B in homeownership assistance
Democratic presidential candidate Kamala Harris is proposing $100 billion in federal grants to pay for down payment and closing costs to help close what she says is a racial wealth gap and address historical discrimination in homeownership against black families. Harris announced her plan Saturday at the Essence Festival in New Orleans, where the California senator was among several of the 2020 White House candidates attending the largest annual gathering of black women in the country. Harris said the plan would help at least 4 million families living in areas that were redlined, a segregation-era practice that limited black borrowers' ability to buy homes and set boundaries on where they can live, affecting the wealth of those families for generations.



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