CHARLOTTE – For 20 years, Floyd Davis, Jr. has served as president and CEO of Community Link, a nonprofit that helps people obtain and sustain safe, decent and affordable housing
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Congresswoman, NAACP call for systemic changes to ensure Black homeownership
Rep. Alma Adams said lending disparities we identified need to be addressed. The House Financial Services Committee scheduled a fair housing hearing for March 10. Author: Nate Morabito Updated: 6:25 PM EST March 2, 2021
CHARLOTTE, N.C. A Charlotte lawmaker and the NAACP are calling for action after a WCNC Charlotte investigation uncovered widespread lending disparities that show Black people are more likely to be denied home loans than their white counterparts.
After hearing our findings, Rep. Alma Adams (D), NC-12, questioned the problem during a recent meeting. It is still a problem and it shouldn t be, Rep. Adams said. We really need to address this issue. This is a critical issue.
TAKE A LOOK:
See how major banks and other lenders fare when it comes to denying Black applicants (or skip yourself to Chapter 10) Nothing has changed :
Of the more than 153,000 Charlotte-area home loans originated in 2018 and 2019 where a person s race is listed, federal data show only roughly 20,000, or 13%, went to Black men and women; a group that makes up almost a quarter of the region s population. Marketwide, the data reveal home loan disparities spanning every income bracket. What that tells me is nothing has changed, Community Link president and CEO Floyd Davis, Jr. said. Nothing has changed.
Davis runs an organization that helps people successfully buy homes by teaching them financial literacy and helping clean up their credit. He marched for civil rights in the 1960s and is still pushing for equity today.