TroglocratsRdumb
Diamond Member
- Aug 11, 2017
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Comment:
In the US there are about 16 million poor white people and there are about 7.8 million poor Black people.
The poverty rate for Whites is 8.2% and the poverty rate for Blacks is 16.8%.
The problem is Left Wingers are using race to determine who is eligible for assistance programs and who is not.
In this case it is racial discrimination used in mortgage lending assistance programs.
There are plenty of African American mortgage assistance programs.
Liberals claim to be compassionate, but when they use race as a filter to determine their compassion it is racial discrimination.
In effect the Progressives are phony Compassionates.
Black mortgage applicants rejected at higher rate than White applicants
Washington Post,
Numerous factors contribute to reduced levels of Black homeownership, experts say, including the lingering impact of racist policies and practices.
One of those factors is the starkly higher rate Black mortgage applicants are rejected compared to White applicants. A recent analysis of Home Mortgage Disclosure Act data by Zillow, an online real estate platform, found that Black applicants were denied a mortgage at an 84 percent higher rate than White applicants in 2020 — up 10 percentage points from 2019.
Heightened awareness of the homeownership gap between races has led some financial institutions to introduce new programs — such as down payment and closing cost assistance programs — aimed at increasing homeownership rates for people of color.
Both Fannie Mae and Freddie Mac now allow rent payments to count toward credit history, which is likely to increase mortgage accessibility for a wide swath of new home buyers, including Black people and other people of color.
www.statista.com
This is compared to 8.2 percent of White people, and 8.1 percent of Asian people. Poverty in the United States Single people in the United States making less than 13,465 U.S. dollars a year, { 204,277,273 x 8.2% = about 16,000,000 poor people }
www.statista.com
In 2020, 16.8 percent of black families were living below the poverty line in the United States, {46,800,0000 x 16.8% = about 7,800,000 poor people}
In the US there are about 16 million poor white people and there are about 7.8 million poor Black people.
The poverty rate for Whites is 8.2% and the poverty rate for Blacks is 16.8%.
The problem is Left Wingers are using race to determine who is eligible for assistance programs and who is not.
In this case it is racial discrimination used in mortgage lending assistance programs.
There are plenty of African American mortgage assistance programs.
Liberals claim to be compassionate, but when they use race as a filter to determine their compassion it is racial discrimination.
In effect the Progressives are phony Compassionates.
Black mortgage applicants rejected at higher rate than White applicants
Washington Post,
Numerous factors contribute to reduced levels of Black homeownership, experts say, including the lingering impact of racist policies and practices.
One of those factors is the starkly higher rate Black mortgage applicants are rejected compared to White applicants. A recent analysis of Home Mortgage Disclosure Act data by Zillow, an online real estate platform, found that Black applicants were denied a mortgage at an 84 percent higher rate than White applicants in 2020 — up 10 percentage points from 2019.
Heightened awareness of the homeownership gap between races has led some financial institutions to introduce new programs — such as down payment and closing cost assistance programs — aimed at increasing homeownership rates for people of color.
Both Fannie Mae and Freddie Mac now allow rent payments to count toward credit history, which is likely to increase mortgage accessibility for a wide swath of new home buyers, including Black people and other people of color.
U.S. poverty rate, by ethnicity 2020 | Statista

Poverty rate by race and ethnicity U.S. 2023 | Statista
In 2023, 17.9 percent of Black people living in the United States were living below the poverty line, compared to 7.7 percent of white people.

Poverty rate of Black families U.S. 2020 | Statista

Poverty rate Black families U.S. 2021 | Statista
In 2021, 17.4 percent of black families were living below the poverty line in the United States.

African American Grants - The Ultimate List of African ...
Jan 01, 2021 · 1 African American Grants and Assistance Programs 1.1 1. African American Home Grants; 1.2 Black first time home buyers program; 1.3 2. Higher Education Scholarships; …
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