Black America Needs a ‘New Normal’: Equitable Credit Access to Build Wealth
By Charlene Crowell
Charlene Crowell
Over the past year, the COVID-19 pandemic has imposed dual crises. Over 542,000 Americans lives were lost and continue to increase. At the same time, the rippling effects of a massive economic downturn has caused the nation to lose 9.5 million jobs – more losses than even those of the Great Recession, finds the University of New Hampshire’s Carsey School of Public Policy.
Although many officials have called for a ‘return to normal’, millions of small businesses and communities need something new instead. In Black America especially, the ‘old normal’ never delivered equitable access to wealth-building opportunities as those that well-served served much of white America. Instead, a lengthy history of public policies designed to create and sustain a burgeoning middle class systemically excluded Blacks and other people of color.
Black America Needs A âNew Normalâ: Equitable Credit Access To Build Wealth
April 2, 2021
By Charlene Crowell
(Trice Edney Wire) – Over the past year, the COVID-19 pandemic has imposed dual crises. Over 542,000 Americans lives were lost and continue to increase. At the same time, the rippling effects of a massive economic downturn has caused the nation to lose 9.5 million jobs – more losses than even those of the Great Recession, finds the University of New Hampshireâs Carsey School of Public Policy.
Although many officials have called for a âreturn to normalâ, millions of small businesses and communities need something new instead. In Black America especially, the âold normalâ never delivered equitable access to wealth-building opportunities as those that well-served served much of white America. Instead, a lengthy history of public policies designed to create and sustain a burgeoning middle class systemically excluded Blacks and o
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03/10/2021 08:00 AM EST
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Congresswoman, NAACP call for systemic changes to ensure Black homeownership
Rep. Alma Adams said lending disparities we identified need to be addressed. The House Financial Services Committee scheduled a fair housing hearing for March 10. Author: Nate Morabito Updated: 6:25 PM EST March 2, 2021
CHARLOTTE, N.C. A Charlotte lawmaker and the NAACP are calling for action after a WCNC Charlotte investigation uncovered widespread lending disparities that show Black people are more likely to be denied home loans than their white counterparts.
After hearing our findings, Rep. Alma Adams (D), NC-12, questioned the problem during a recent meeting. It is still a problem and it shouldn t be, Rep. Adams said. We really need to address this issue. This is a critical issue.