President Biden Announces Steps To Narrow Racial Wealth Gap During Tulsa Visit

Tuesday, June 1st 2021, 6:09 pm
By: Lori Fullbright, News On 6

TULSA, Oklahoma -

In President Joe Biden’s address at the Greenwood Cultural Center, he announced new steps to narrow what he calls the racial wealth gap in the United States.

Related Story: President Biden To Announce Measures To ‘Help Narrow The Racial Wealth Gap’

President Biden announced plans to aid small disadvantaged businesses, as well as how he plans to support civil infrastructure projects.

The actions also include, what the President said, is racial discrimination in the housing market. The White House said owning a home is the main source of wealth for people of color in the U.S.

Data from the U.S Census Bureau shows that 76% of White Americans own a home, compared to 47% of Black Americans and 51% of Hispanic Americans.

White House officials said the President plans to address discrimination in-home appraisal since people of color's homes are often valued tens of thousands of dollars less than comparable homes owned by most white communities.