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Systemic changes to ensure Black homeownership needed

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. ....

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LIVE EVENT: Helping Black applicants overcome mortgage loan disparities

WCNC Charlotte is partnering with local Carolina organizations to make a difference by spotlighting available community resources.
Author: WCNC Staff
Updated: 10:19 PM EST March 5, 2021
CHARLOTTE, N.C. Persistent systemic challenges continue to prevent people of color from securing home loans.
As WCNC Charlotte has reported, data shows most of Charlotte s largest lenders denied Black applicants two to three times more often than their white counterparts in 2018 and 2019.
Now WCNC Charlotte is partnering with local Carolina organizations to make a difference by spotlighting available community resources.
WCNC Charlotte hosted Bring It Home, a virtual, town hall event helping Black applicants overcome mortgage loan disparities. The live forum provided resources to securing down payment grants, credit counseling, and other tools for hopeful homebuyers. ....

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