Fight looms over down payment aid to close racial wealth gap
POLITICO Fight looms over down payment aid to close racial wealth gap One $10 billion proposal from House Financial Services Chair Maxine Waters (D-Calif.) would give homebuyers up to $25,000 for a down payment. House Financial Services Committee Chair Maxine Waters, D-Calif., presides over a markup of pending bills, on Capitol Hill in Washington on April 20, 2021. | AP Photo/J. Scott Applewhite Link Copied Democrats are pushing to spend billions of dollars to help first-time homebuyers afford down payments, setting up a clash with industry groups and GOP lawmakers, who are warning about raci...
Source: politico.com