Tag Archives: racial equity

Fannie Mae's Innovation Challenge 2022 will help the company seek innovative, scalable proposals to remove barriers that currently prevent many households, including Black households, from purchasing or renting a home.

According to the 2019 Survey of Consumer Finances conducted by the Federal Reserve, on average white families held just under a million dollars in accumulated wealth, while Black and Latino families had about $150,000 in wealth.

The Department’s new Equity Action Plan outlines its commitment to bringing equity to the forefront within the Biden Administration by reducing the racial homeownership gap.

The nationwide grant includes approximately 7,000 new and renewed grants aimed at assisting individuals and families experiencing homelessness move into permanent housing with access to supportive services.