Read on Twitter
The @BlackAmCaucus is putting on an excellent twitter townhall using #unbanked and addressing the direct impact #COVID19 is having on black lives.
I’ll be sharing some of the housing topics in this thread but definitely check out each question for yourself. https://twitter.com/blackamcaucus/status/1254455186917076994
I’ll be sharing some of the housing topics in this thread but definitely check out each question for yourself. https://twitter.com/blackamcaucus/status/1254455186917076994
Here’s a list of the panelists participating and sharing their expertise on the impact of the pandemic upon black life: https://twitter.com/noblyrogue/status/1254456011538206722?s=21
After establishing that blacks have largely been left out of the SBA relief loans, the next question to the panel was: https://twitter.com/blackamcaucus/status/1254457012823392258
In this answer from @JoshuaPoe_Lou he directly connects citizenship to property rights and ownership: thus the denial of one is the denial of the other. https://twitter.com/joshuapoe_lou/status/1254458475163332613
Today, we tend to think of property as real estate, and it is, but do bear in mind that for hundreds of years, “property” was that of human bodies and the labor they produced. #unbanked
But the ties are closer than you think. Slaves were also used as collateral for #mortgages. You can learn more about that here: https://www.brown.edu/academics/history/sites/academics-history/files/images/Caldwell%20Final%20Thesis%202-2.pdf
Going back to the question from @BlackAmCaucus about *why* this group is excluded, here is another answer: https://twitter.com/gadymski/status/1254461790215458817
In 1968 with the passing of the Fair Housing Act, blacks had 41% home ownership.
In 4Q19, blacks had roughly the same level of homeownership, hovering at 44%, down from an all-time high of 49.7% in 2004.
#unbanked https://fred.stlouisfed.org/series/BOAAAHORUSQ156N
In 4Q19, blacks had roughly the same level of homeownership, hovering at 44%, down from an all-time high of 49.7% in 2004.
#unbanked https://fred.stlouisfed.org/series/BOAAAHORUSQ156N
This next question from @BlackAmCaucus asks directly who the #unbanked and #unhoused are, which as I’ve shared before (Re housing) is majority black.
40% of overall homeless and 52% of homeless families are black. https://twitter.com/blackamcaucus/status/1254459570451251200
40% of overall homeless and 52% of homeless families are black. https://twitter.com/blackamcaucus/status/1254459570451251200
This answer from @MehrsaBaradaran introduced a new term to me: banking desert https://twitter.com/mehrsabaradaran/status/1254459936429314048
Again, @JoshuaPoe_Lou with the facts: https://twitter.com/joshuapoe_lou/status/1254461158062522368
This question brought the 
from @JoshuaPoe_Lou. Wait for it... https://twitter.com/blackamcaucus/status/1254459995699195907
from @JoshuaPoe_Lou. Wait for it... https://twitter.com/blackamcaucus/status/1254459995699195907
Follow this thread-answer from @JoshuaPoe_Lou about why African Americans are more likely to be #unhoused and #unbanked
https://twitter.com/joshuapoe_lou/status/1254461664923201536
https://twitter.com/joshuapoe_lou/status/1254461664923201536
It’s no coincidence that Russell is also undergoing #gentrification and has been labeled an #opportunityzone https://twitter.com/joshuapoe_lou/status/1254462099830554627
Last question I’ll share from @BlackAmCaucus #unbanked https://twitter.com/blackamcaucus/status/1254461604923682817
