HUD Secretary Marcia Fudge To Hold ‘House Party’ For Black Home Ownership
Since taking office, President Joe Biden has made affordable housing a priority of his administration. The White House has emphasized several housing policies intended to make both renting and home ownership more affordable. This emphasis comes in the midst of a growing housing crisis across the the US. “Our country’s facing a historic low supply of entry-level homes for sale,” Habitat for Humanity executive Chris Vincent told ABC News earlier this year. With rising housing costs hitting millennials and Black Americans especially hard, the administration has particularly focused on closing these gaps. Secretary Fudge has specifically sought to close the racial wealth gap between white families and Black and Latino families, a gap that is largely reflective of disparities in home ownership that have grown over the last 50 years.
The HUD House Party will be a key opportunity for the department to highlight its policies and make young and minority families aware of the resources and opportunities available to them as they seek to purchase homes. The event will begin at 6:30pm EST on November 1. The event will be live-streamed via Youtube, Facebook and Twitter.
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