Biden to announce billions for racial equity in housing during visit to Tulsa

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President Joe bidenGreenwood’s visit to the Greenwood District comes as the nation recognizes 100 years since 10,000 blacks were displaced in the wake of a white mob that burned the 35-block radius of the wealthy black enclave in 1921 .

leGrio is on the ground in Tulsa, Oklahoma with the President for his meeting with the survivors of the massacre.

President Biden is expected to announce billions of dollars in federal funding for racial equity in housing while in Tulsa and speaking at the Greenwood Cultural Center.

Secretary of Housing and Town Planning, Marcia Fudge, supports the president as well as Biden Senior Advisor Cedric Richmond.

Domestic Policy Advisor Susan rice also travels aboard Air Force One with President Biden for this historic trip. Former Ambassador Rice, in an exclusive interview, said leGrio that “President Biden is taking important steps that will help close the racial wealth gap and increase opportunities for disadvantaged communities across the country.”

Read more: 100 years after the Tulsa massacre, the fight continues for insurance companies to pay

Domestic Policy Advisor Susan Rice speaks during the Daily White House press conference on January 26, 2021 in Washington, DC. Rice discussed plans for President Biden’s race equity agenda. (Photo by Drew Angerer / Getty Images)

Particular emphasis is placed on the racial disparity in home ownership and black house ratings which are considerably lower for black homeowners than for white homeowners in the same community with comparable homes.

Last month, a black Indianapolis woman saw her home rise in value after removing traces of her home being owned by black people.

Read more: Home appraisal for black couple skyrockets after white friend claims to own

Policies on the issue of evaluation would be a unique endeavor. It became one of those loud, viral conversations about black house sales that the administration took note of. Some homeowners understanding the problem have gotten tricky putting pictures of white people in frames in place of their own black family to raise appraisal prices.

Animator and real estate professional Ronnie DeVoe de Bell Biv DeVoe and New Edition does not too readily adhere to plans to tackle racism in the home valuation process, as years of racism have jaded its thinking when it comes to going from home. before in real estate.

“For most people, fair and just home ownership is the best way to begin the process of having financial freedom,” DeVoe said.

Ronnie DeVoe, theGrio.com
Ronnie DeVoe at day one of AT&T Sponsored Genius Talks during the 2017 BET Experience at Los Angeles Convention Center on June 24, 2017 in Los Angeles, California., (Photo by Jerod Harris / Getty Images for BET)

“Unfortunately, we live in a country that speaks a good game, but at the end of the day the numbers don’t lie. Homeownership rates for blacks are lower than in the 1960s, when it was legal to discriminate. This was before the Fair Housing Act was signed and look what it has done for us.

DeVoe points out that the needs of the black community go beyond small payments, as he argues that repairs must address the many structural challenges the community faces.

“We have fought for too long under a system of supremacy that openly and deliberately keeps its foot on our necks,” added DeVoe. “If we weren’t such a resilient people, who knows where we would expect politicians to help us. “

Read more: Biden to announce funding for affordable housing, broadband in jobs plan

Black Americans saw the highest number of homeownership during the Bill clinton presidency. The numbers were targeted by banks with predatory loans during the George W. Bushof the presidency where many blacks were foreclosed on because of these loans.

A house is for sale in a Brooklyn
A house is for sale in a Brooklyn neighborhood with a limited supply of single-family homes on March 31, 2021 in New York City. (Photo by Spencer Platt / Getty Images)

Now, in 2021, HUD Secretary Fudge argues that the number of black homeowners in this country is now at 1968 levels, the year the federal Fair Housing Act became law.

The Fair Housing Act prohibits denying a person housing solely on the basis of color, race, religion, sex, national origin, disability or family status.

Two other big questions for the president’s speech on Black Wall Street will include the focus on public markets and voting rights.

There is active planning by the Biden administration to attempt to increase government procurement by 50% over the next five years to channel a target of $ 100 million in purchases to underprivileged small businesses.

Plus, the president is tackling restrictive new election laws in Georgia, Florida and Texas that push constitutional boundaries with new rules that target when and how you vote.

President Biden has called these efforts anti-democratic and continues to challenge the new measures.

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