{"id":10876,"date":"2025-01-19T17:45:28","date_gmt":"2025-01-19T22:45:28","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=10876"},"modified":"2025-01-19T17:45:29","modified_gmt":"2025-01-19T22:45:29","slug":"the-national-fair-housing-alliance-celebrates-tremendous-progress-in-advancing-equitable-opportunities-during-the-biden-harris-administration","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/the-national-fair-housing-alliance-celebrates-tremendous-progress-in-advancing-equitable-opportunities-during-the-biden-harris-administration\/","title":{"rendered":"The National Fair Housing Alliance Celebrates Tremendous Progress in Advancing Equitable Opportunities During the Biden-Harris Administration"},"content":{"rendered":"\n

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FOR IMMEDIATE RELEASE<\/strong>\u202f<\/strong> <\/p>\n\n\n\n

January 19, 2025 <\/p>\n\n\n\n

Media Contact:<\/strong> NFHA@skdknick.com<\/a> <\/p>\n\n\n\n

The National Fair Housing Alliance Celebrates Tremendous Progress in Advancing Equitable Opportunities During the Biden-Harris Administration<\/strong><\/p>\n\n\n\n

Washington, D.C. \u2013  Today, Lisa Rice, President, and CEO of the National Fair Housing Alliance\u00ae (NFHA\u2122), released the following statement as the Biden-Harris Administration draws to a close:<\/p>\n\n\n\n

\u201cWith immense gratitude, we honor President Joseph R. Biden for his five decades of honorable service to our nation. And we honor Vice President Kamala Harris for breaking barriers as the nation\u2019s first woman, Black, and South Asian vice president. As America\u2019s 46th Presidential Administration, they ushered in an era of strength, prosperity, and security. The Biden-Harris Administration began during a tumultuous time for our nation. The devastation of COVID-19 was disproportionately harming communities of color; frontline workers were risking their lives to keep the economy afloat and provide critical services to people; the mortgage market required extensive federal intervention; people of all backgrounds elevated the call for justice and police accountability; millions of families required support to remain safely housed; the Federal Reserve and Treasury Department were propping up the U.S. economy; and many of the nation\u2019s small businesses were unfairly excluded from the first round of the CARES Act\u2019s Paycheck Protection Program\u2019s initial $349 billion, resulting in 40 percent of Black small companies and 32 percent of Latino small companies  going out of business in the program\u2019s initial days.<\/p>\n\n\n\n

NFHA released a policy roadmap at the start of the Biden-Harris Administration and 117th<\/sup>-118th<\/sup> Congresses. With support from the Administration, we are pleased to have achieved the vast majority (70 percent) of our bold, equity-focused agenda for housing, lending, and responsible AI. Below is a celebration of the advances. The policies are rooted in the fundamental belief that each of us deserves dignity, and all people should be able to fairly access opportunity and share in the nation\u2019s prosperity.<\/p>\n\n\n\n

The Biden-Harris Administration advanced fair and affordable housing, taking bold and generational-shifting actions to expand economic opportunity for millions. The Administration’s policies resulted in Black homeownership growing for the first time since the Great Recession\u2019s declines, which started in 2004 for Black communities. From 2019 \u2013 2023, the Black homeownership rate grew by 13 percent and the Latino homeownership rate grew by 7.5 percent. This growth resulted in the Black\/White homeownership gap decreasing by 2.2 percent and the Latino\/White homeownership gap decreasing by 2.5 percent. From confronting a long-lasting fair and affordable housing crisis, which began during the Great Recession, to increasing the housing supply, strengthening tenant protections, and tackling housing and lending discrimination, the Biden-Harris Administration kept millions of Americans housed and took important steps toward ensuring all people could build generational wealth through homeownership.<\/p>\n\n\n\n

The Biden-Harris Administration has set a new standard for progress through inclusive policies, making a difference in the lives of millions, especially people of color, women, people with disabilities, families with children, LGBTQ+, people of faith, and more. For their strong leadership, compassionate service, and honor, the nation is grateful. The Administration\u2019s legacy will be defined by a commitment to the principles of fairness, justice, and dignity for all.\u201d  <\/p>\n\n\n\n

Key fair housing and equitable lending achievements of the Biden-Harris Administration include:<\/p>\n\n\n\n