Biden to announce billions for racial equity in housing during Tulsa visit

President Joe Biden’s visit to the Greenwood district comes as the nation recognizes 100 years since 10,000 Black people were displaced as a result of a white mob that burned the 35 block radius of the wealthy Black enclave in 1921.

theGrio is on the ground in Tulsa, Oklahoma with the president for his meeting with survivors of the massacre.

President Biden is slated to announce billions of dollars in federal funding toward racial equity in housing while he’s in Tulsa and giving remarks at the Greenwood Cultural Center.

Secretary of Housing and Urban Development, Marcia Fudge, is accompanying the president as well as Biden Senior Advisor Cedric Richmond.

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Domestic Policy Advisor Susan Rice is also traveling aboard Air Force One with President Biden for the historic trip. Former Ambassador Rice, in an exclusive interview, told theGrio that “President Biden is taking some important steps that will help close the racial wealth gap and increase opportunity for disadvantaged communities across the country.”

A particular focus is being placed on the racial disparity in homeownership and Black home appraisals that are considerably lower for Black homeowners versus white homeowners in the same community with similar housing comparables.

Just last month, a Black woman in Indianapolis saw her home value jump after she removed traces that her home was Black-owned.

Policies for the appraisal issue would be a first-of-its-kind effort. It has become one of those loud and viral conversations about Black homes sales that the administration has taken note of. Some homeowners understanding the problem have gotten crafty by putting white people’s pictures in frames in place of their own Black family to increase appraisal prices.

Entertainer and real estate professional Ronnie DeVoe of Bell Biv DeVoe and New Edition is not buying into the plans to tackle racism in the home value process too easily, as years of racism have jaded his thinking when it comes to moving forward in real estate.

Source: Biden to announce billions for racial equity in housing during Tulsa visit