CSPAN2 Federal Housing Administrator Testifies On Homeownership Part 1 July 13, 2024
Hearing is entitled an examination of the federal Housing Administration and its impact on homeownership in america. And i now recognize myselffor four minutes to give an Opening Statement. Okay. There was a time when fhas policies explicitly denied access to the American Dream of Home Ownership to black families and people of color. Making owning a home a privilege afforded primarily to white americans and and contributing to the racial wealth gap as we knowit. As a Third Quarter of 2019, the white homeownership rate is 73 percent compared to nearly 40 percent for latinos and 43 percent or bl...