Biden is funneling Billions of dollars to the Black community through various programs you both siders are c00ns and idiots.

[Dafunkdoc_Unlimited]

I clearly asked you not to reply and you did it anyways. If you do work with federal programs I advise you to get better comprehending the material. You should know federal guidance like most laws are rarely literal.

I'm a grown man and I'll do what I want.

You are incorrect as
Federal Guidelines are strict as HELL. You have to account for every screw/nail/tube of caulk and if a monitor spots something that isn't compliant with regs, your ass is toast.

You need a better comprehension on how this stuff works.

I'm well-versed.

SBA funding doesn't overlap with the funding being discussed and 'White' women and LGBTQ people are not minorities so, don't qualify. They can only receive funds through SBA.

Minorities have access to BOTH.​

 

[skylove4]

If Black folks get skin in the game now via more Homeownership and access to business capital we can steer the ship to avoid the iceberg.


Some of you dudes are willfully ignorant. Have you ever in your life opened an economics books?

Do yourself a favor and read

Oh that cac reads plenty. Books like Mein kampf and Atlas shrugged.

 

[BlackJesus]

Biden's Budget Increases CDFI Funding by 23% | Credit Union Times







Opinion | Fannie Mae’s New Racial Bias

"One program would assist black borrowers with down payments. Most home-buyers are required to put down at least 20% of the cost of a new home to reduce the risks of default. Fannie’s plan would effectively require taxpayers to subsidize down payments for black borrowers. Revenue that Fannie earns on its mortgage portfolio is retained as capital to protect taxpayers during a downturn. Under Fannie’s plan, some of that revenue would go to reducing down payments.

Another new program would reduce “loan level price adjustments” for black home buyers. Lenders typically charge higher rates for borrowers with lower credit scores, and Fannie says reducing them can “reduce obstacles for prospective Black homeowners.”

Still another program would “support the reduction of borrower closing costs for Black homebuyers”—for instance, via appraisal reimbursements"




They are being aggressive enough that right wing cacs are bytching and complaining.

They are pumping billions of dollars into programs that help Black folks put money down for homes and start businesses.

Stop being a contrarian and look into policy

If this is true I commend them.

Just knock it off with the “minority” talk and we might actually have something here

 

[Wiles]

Free hand outs always works for you broke nikkas.

 

[Cobalt Sire]

Op is a moronic liar. Those are universal programs that every race can get. Reparations doesn't work like that, stupid.

 

[OperationNumbNutts]

I'm a grown man and I'll do what I want.

You are incorrect as
Federal Guidelines are strict as HELL. You have to account for every screw/nail/tube of caulk and if a monitor spots something that isn't compliant with regs, your ass is toast.

You need a better comprehension on how this stuff works.

I'm well-versed.

SBA funding doesn't overlap with the funding being discussed and 'White' women and LGBTQ people are not minorities so, don't qualify. They can only receive funds through SBA.

Minorities have access to BOTH.​

Wow. You clearly don't read.

 

[Dafunkdoc_Unlimited]

Wow. You clearly don't read.

I know what I'm talking about and YOU'RE the one who can't read.​

 

[Voice of Reason]

Free hand outs always works for you broke nikkas.

America works off of handouts MAGA cac

 

[1thouwow]

Nothing but pessimistic ppl in this thread

 

[ColdSlither]

I have over 20 years of data stating otherwise just in my State. If you want to see for yourself, contact your State's Department of Community Affairs, Health and Human Services, and Housing and Urban Development offices.​

You mean to ask how it's promoted to the general public?

 

[Dafunkdoc_Unlimited]

You mean to ask how it's promoted to the general public?

It's promoted to the general public through media advertisement and utility companies notifying their customers.​

 

[Amestafuu (Emeritus)]

I'm beyond the point of caring about money that has to be funneled through other means, and somehow magically never actually gets to where it needs to go. But it's the thought that counts I guess

I want that shyt right in my hands, covid proved it could be done...oh and I still got these student loans Biden

This is literally complaining for the sake of it. The running narrative has been that Dems are giving money to everyone but brehs.

The goal posts stay moving when convenient. It's always something. Dude came in here talking about median wealth as a rebuttal and distraction. What a weird bunch of people.

 

[ColdSlither]

It's promoted to the general public through media advertisement and utility companies notifying their customers.​

I don't know how well it gets across though. Is this that type of promotion that when seen, it's just background noise? How many of those notifications from utility companies are people just throwing out? Is it one of those things, that because you know it's out there and where to look, you do see it all the time? Because I stay telling friends and family where to look.

 

[Wiles]

America works off of handouts MAGA cac

This program been around breh. U love your liberal white daddy

 

[Houston911]

No one said this was only for Black people exclusively nor is it reparations. However, these programs will impact Black folks at a higher rate.

But the thread title literally said “biden is funneling billions of dollars through the black community”

Have you seen a breakdown of what percentage of these funds are going to which groups or are you making an assumption?