HUD Secretary Responds to Report on U.S. Homeownership

 Outlines how HUD will address challenges facing black Americans.

U.S. Housing and Urban Development Secretary Marcia Fudge spoke last week about the 2022 report released by the National Association of Realtors. The report showed that homeownership among Americans of color had decreased even more over the past decade, which Secretary Fudge said is a critical block to wealth creation.

“It is critical that we bridge the racial homeownership gap with intentional solutions that recognize both the persistent history of discrimination and inequity, and the current crisis of housing affordability,” said Secretary Fudge. “We must recognize that Black Americans are more likely to carry student loan debt and have higher balances. Black Americans are also more likely to experience discrimination in the housing market.”

As the Lord Leads, Pray with Us…

  • For wisdom for Secretary Fudge as she seeks methods to support minority homeownership.
  • For the president and his administration to be discerning as they address discrimination and equity.

Sources: Department of Housing and Urban Development


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