Washington state introduces race-based home loan program

Washington state’s homeownership program offers loans based solely on race

Washington state launched a new housing program last month that provides loans of up to $150,000 with 0% interest to prospective homeowners solely based on their race. Launched on July 1, 2024, the Covenant Homeownership Program offers home-buying assistance to Washingtonians who were subject to discrimination before 1968, when the Fair Housing Act was passed.

Washington state introduces race-based home loan program

The Covenant Homeownership Program is geared toward 'historically marginalized communities' in Washington state.

Washington state's homeownership program offers loans based solely on race

Washington state launched a new housing program last month that provides loans of up to $150,000 with 0% interest to prospective homeowners solely based on their race.Launched on July 1, 2024, the Covenant Homeownership Program offers home-buying assistance to Washingtonians who were subject to discrimination before 1968, when the Fair Housing Act was passed.To be eligible for the program, a person’s household income must be below 100% of the ar…