While racial disparities in homeownership are at their highest level in 50 years, closing the Black-white homeownership gap in the U.S. will take adding nearly five million African American homeowners, according to the U.S. Department of Housing and Urban Development.
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Rep. Maxine Waters, Chair of the Financial Services Committee, said HUD's draft solicitation could have a “negative impact” on the nation’s supply of affordable housing options.
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HUD has found an Oklahoma property management company in violation of the Fair Housing Act by failing to satisfactorily respond to cases of racial harassment.
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