Kamala Harris Unveils $100 Billion Black Homeownership Plan

As reported through CNN – California Senator Kamala Harris unveiled a $100 billion plan to invest in black homeownership — a proposal the 2020 presidential candidate said that, if elected, would set in motion her broader plan to tackle the US racial wealth gap.

“So we must right the wrong and — after generations of discrimination — give black families a real shot at homeownership — historically one of the most powerful drivers of wealth,” Harris said in a speech Saturday at the Essence Festival in New Orleans in what promises to be the beginning of a series of policy rollouts focusing on the black community.twitter.com Harris entered the room inside the Ernest N. Morial Convention Center to a standing ovation.

Speaking at the lectern, she greeted the majority black woman crowd cast in purple and yellow set lights with a proper welcome, “Good morning, my beautiful sisters.”Under Harris’ proposal, homebuyers who rent or live in historically redlined communities can apply for a federal grant of up to $25,000 to assist with down payments or closing costs. Harris’ campaign estimates that this will help up to 4 million families.

To see the complete store, click here.