Government-sponsored Race Discrimination Has Suppressed Black Homeownership and Generational Wealth

Style Magazine Newswire | 10/5/2018, 3:20 p.m.
Despite the fact that the Fair Housing Act was passed by Congress more than 50 years ago, evidence reveals that ...

Source: blackpressusa.com

Despite the fact that the Fair Housing Act was passed by Congress more than 50 years ago, evidence reveals that government-supported racial discrimination in home buying remains rampant across the U.S. – yet, with little legislative remedy or recourse. This is the reason that members of the National Association of Real Estate Brokers (NAREB), a 71-year-old organization of Black real estate professionals, are pushing for Congress to take action after a NAREB-issued report and a string of independent housing experts confirmed pervasive discrimination in homeownership. During the recent Congressional Black Caucus Foundation’s Annual Legislative Conference (CBCF-ALC) in Washington, D.C. U. S. Rep. Gregory W. Meeks (D-N.Y.), promised that black homeownership ” viewed as a key vehicle for Black wealth” will not be continually overlooked or purposely ignored by lawmakers. If Democrats win control of the House, Meeks hinted that the continued housing crisis in the Black community will be high on the legislative agenda.