Kamala Harris 2020 Democrat Proposes $100 Billion Plan to Increase Minority Homeownership
2020 Democratic hopeful Sen. Kamala Harris of California introduced an ambitious $100 billion plan to increase minority homeownership. She was one of five presidential candidates — and the only black woman — on Saturday to pitch herself at Essence Festival, a three-day event geared toward black women.
“So we must right that wrong and after generations of discrimination give black families a real shot at homeownership — historically one of the most powerful drivers of wealth in our country,” Harris told the crowd at the Essence festival.
Harris’ plan calls for $100 billion Housing and Urban Development (HUD) grant to provide homeowners or homebuyers who rent or live in historically red-lining communities, where minority home and business owners were largely blocked from accessing capital for investment, up to a $25,000 down payment in assistance and closing costs.