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Categories: VT Headlines
VT Headlines: Zero-interest, forgivable housing loans for ‘marginalized communities’
“which provides a $25,000 interest-free, forgivable loan to help homebuyers from marginalized communities”
So RACISM?? of course
I filed a complaint with the fair housing,…..they said it wasn’t racism….too funny. But the basis is on race. They asked me on the initial interview…”how does this make you feel?”….these people are stupid.
I say to anyone go ahead and appy for this “non-white” privilege. If denied, file a complaint with HUD, then proceed to file a lawsuit – here’s your statutory basis to rope in the deep pockets involved. Billable hours may defund their predatory and discriminatory lending.
From HUD.gov
The Fair Housing Act makes it illegal to discriminate against someone because of race, color, religion, sex (including gender, gender identity, sexual orientation, and sexual harassment), familial status, national origin or disability at any stage of the mortgage process, including:
Approvals and denials
Terms, e.g. interest rates, points, fees and other costs
Advertising
Mortgage broker services
Property appraisals
Servicing
Home loan modification assistance
Homeowners insurance
The Fair Housing Act prohibits discrimination in loans that are secured by residential real estate or that are for the purchasing, constructing, improving, repairing or maintaining a dwelling. This includes mortgages, refinancing, home equity loans and home improvement loans.Examples of lending discrimination include:
Denying a mortgage or charging a higher interest rate because the property is located in a majority-minority neighborhood
Providing a different customer service experience to mortgage applicants depending on their race, color, religion, sex (including gender identity and sexual orientation), familial status, national origin or disability
Refusing to consider a mortgage applicant’s disability-related income, such as SSI or SSDI
Steering a borrower to a loan with less favorable terms because of his or her race, color, religion, sex (including gender, gender identity, sexual orientation, and sexual harassment), familial status, national origin or disability
Targeting a minority community for fraudulent home loan modification assistance
Refusing to provide mortgages to a person on parental leave
Filing a Complaint
If you believe you have experienced mortgage lending discrimination, you can file a complaint with HUD.
Like so many proposals by lefties, it depends on how they want to define “marginalized”. Being a conservative living in Vermont, do I qualify as marginalized?
Economy is going down and needs to be saved by any means available.
With the way the progressives have fist-fu*ked VT residents, I would say we’re all “marginalized”.
Imagine the cost and impact of this policy on the white marginalized, low to moderate income population in this state as the state welcomes more and more “new citizens” or migrants from developing and third world nations. The truth is that idividuals move in and out of marginalization. I am a third generation American of Italian/Sicilian descendant. By the mid 1950s over 5000 Sicilians had been murdered vigilante style due to their dark skin. Obviously, people of Sicilian descent are no longer considered marginalized. Now consider the fact that our legislature has given historically marginalized people special protections for under the Vermont Constitution. What makes this most concerning is that the designation is based on history, not present day reality. Historical facts don’t change, and are fixed in time, which means that even if those designated as historically marginalized reach equitable outcomes within the greater society, they will always be given preferential treatment and privileges under the guise of “historically marginalized.”