Recently, I had the privilege to speak before the Congressional Black Caucus’ Annual Legislative Conference Summit, where HUD staff participated in several panels and roundtables addressing issues, such as minority contracting, that are particularly important to communities of color. There, I was proud to describe how the Obama Administration and HUD are building a New Foundation to make minority communities more livable, sustainable, competitive and prosperous. Before an audience of CBC members and community advocates, I described how HUD is working to strengthen our economy—how, for instance, the Federal Housing Administration helps 51 percent of African American borrowers purchase a home; to invest in communities—how HUD’s $7 billion Neighborhood Stabilization Program is targeting communities hit hard by the foreclosure crisis, including CBC districts; and to protect civil rights – by increasing by a third federal funding to combat mortgage fraud and lending discrimination.
Fonte: White House