For the Culture with Farajii: HUD secretary says student loan debt is limiting Black homeownership
BALTIMORE, MD(WEAA) — Black homeownership is on the decline and Department of Housing and Urban Development (HUD) Secretary Marcia Fudge says student loan debt is a major factor.
During an interview for "Axios on HBO," Fudge said, "Who has student debt?... Poor people, Black people, brown people. We're the people who carry the most debt. And so the system's already skewed toward us not being creditworthy".
Susan M. Ifill, Executive Vice President and Chief Operating Officer with NeighborWorks America, joins Farajii Muhammad for the discussion.
Ifill shares her expertise on affordable housing, financial setbacks and other challenges communities of color face that prevent them from buying and owning a home.
Click below to hear the conversation.