“A typical black family has just $10 of wealth for every $100 held by a white family,” Sen. Kamala Harris said. | David J. Phillip/AP Photo. Featured Image
Kamala Harris, calling on the nation to “deal with the racial wealth gap,” on Saturday proposed a $100 billion federal program to help black people buy homes.
The California senator said the plan, which would provide down payment and closing cost assistance of up to $25,000 to people renting or living in historically red-lined communities, would help some 4 million home-buyers.
The plan’s release comes as Harris surges in Democratic presidential primary polls following a debate last week in which she chastised former Vice President Joe Biden for his past opposition to busing and former associations with segregationist senators. The controversy has continued in recent days, with Biden defending his record.