HUD Investigates Washington's Race-Based Home Loan Program
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The U.S. Department of Housing and Urban Development is scrutinizing Washingtons Covenant Homeownership Program, which offers no-interest loans for down payments and closing costs to first-time buyers from historically discriminated groups. The program, funded by a real estate fee, has helped over 500 households with $60 million in aid. HUD deems the race-based eligibility illegal, while the state maintains its a constitutional effort based on a study of past discrimination. The programs future hangs in the balance as the investigation proceeds.
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