The Biden Regime* issued the following statement on 1.26.2021 on discrimination in housing. It is the sort of statement that Prosperity Now is gushing about.
Memorandum on Redressing Our Nation’s and the Federal Government’s History of Discriminatory Housing Practices and Policies
MEMORANDUM FOR THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:
Section 1. Background and Policy. Diverse and inclusive communities strengthen our democracy. But our Nation’s history has been one of great struggle toward this ideal. During the 20th century, Federal, State, and local governments systematically implemented racially discriminatory housing policies that contributed to segregated neighborhoods and inhibited equal opportunity and the chance to build wealth for Black, Latino, Asian American and Pacific Islander, and Native American families, and other underserved communities. Ongoing legacies of residential segregation and discrimination remain ever-present in our society. These include a racial gap in homeownership; a persistent undervaluation of properties owned by families of color; a disproportionate burden of pollution and exposure to the impacts of climate change in communities of color; and systemic barriers to safe, accessible, and affordable housing for people of color, immigrants, individuals with disabilities, and lesbian, gay, bisexual, transgender, gender non-conforming, and queer (LGBTQ+) individuals.
Throughout much of the 20th century, the Federal Government systematically supported discrimination and exclusion in housing and mortgage lending. While many of the Federal Government’s housing policies and programs expanded homeownership across the country, many knowingly excluded Black people and other persons of color, and promoted and reinforced housing segregation. Federal policies contributed to mortgage redlining and lending discrimination against persons of color.
The creation of the Interstate Highway System, funded and constructed by the Federal Government and State governments in the 20th century, disproportionately burdened many historically Black and low-income neighborhoods in many American cities. Many urban interstate highways were deliberately built to pass through Black neighborhoods, often requiring the destruction of housing and other local institutions. To this day, many Black neighborhoods are disconnected from access to high-quality housing, jobs, public transit, and other resources.
The Federal Government must recognize and acknowledge its role in systematically declining to invest in communities of color and preventing residents of those communities from accessing the same services and resources as their white counterparts. The effects of these policy decisions continue to be felt today, as racial inequality still permeates land-use patterns in most U.S. cities and virtually all aspects of housing markets.
The Congress enacted the Fair Housing Act more than 50 years ago to lift barriers that created separate and unequal neighborhoods on the basis of race, ethnicity, and national origin. Since then, however, access to housing and the creation of wealth through homeownership have remained persistently unequal in the United States. Many neighborhoods are as racially segregated today as they were in the middle of the 20th century. People of color are overrepresented among those experiencing homelessness. In addition, people of color disproportionately bear the burdens of exposure to air and water pollution, and growing risks of housing instability from climate crises like extreme heat, flooding, and wildfires. And the racial wealth gap is wider than it was when the Fair Housing Act was enacted, driven in part by persistent disparities in access to homeownership. Although Federal fair housing laws were expanded to include protections for individuals with disabilities, a lack of access to affordable and integrated living options remains a significant problem.
The Federal Government has a critical role to play in overcoming and redressing this history of discrimination and in protecting against other forms of discrimination by applying and enforcing Federal civil rights and fair housing laws. It can help ensure that fair and equal access to housing opportunity exists for all throughout the United States. This goal is consistent with the Fair Housing Act, which imposes on Federal departments and agencies the duty to “administer their programs and activities relating to housing and urban development . . . in a manner affirmatively to further” fair housing (42 U.S.C. 3608(d)). This is not only a mandate to refrain from discrimination but a mandate to take actions that undo historic patterns of segregation and other types of discrimination and that afford access to long-denied opportunities.
Accordingly, it is the policy of my Administration that the Federal Government shall work with communities to end housing discrimination, to provide redress to those who have experienced housing discrimination, to eliminate racial bias and other forms of discrimination in all stages of home-buying and renting, to lift barriers that restrict housing and neighborhood choice, to promote diverse and inclusive communities, to ensure sufficient physically accessible housing, and to secure equal access to housing opportunity for all.
Sec. 2. Examining Recent Regulatory Actions. The Secretary of Housing and Urban Development (HUD) shall, as soon as practicable, take all steps necessary to examine the effects of the August 7, 2020, rule entitled “Preserving Community and Neighborhood Choice” (codified at parts 5, 91, 92, 570, 574, 576, and 903 of title 24, Code of Federal Regulations), including the effect that repealing the July 16, 2015, rule entitled “Affirmatively Furthering Fair Housing” has had on HUD’s statutory duty to affirmatively further fair housing. The Secretary shall also, as soon as practicable, take all steps necessary to examine the effects of the September 24, 2020, rule entitled “HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard” (codified at part 100 of title 24, Code of Federal Regulations), including the effect that amending the February 15, 2013, rule entitled “Implementation of the Fair Housing Act’s Discriminatory Effects Standard” has had on HUD’s statutory duty to ensure compliance with the Fair Housing Act. Based on that examination, the Secretary shall take any necessary steps, as appropriate and consistent with applicable law, to implement the Fair Housing Act’s requirements that HUD administer its programs in a manner that affirmatively furthers fair housing and HUD’s overall duty to administer the Act (42 U.S.C. 3608(a)) including by preventing practices with an unjustified discriminatory effect.
Sec. 3. General Provisions. (a) Nothing in this memorandum shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department or agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This memorandum shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
(d) You are authorized and directed to publish this memorandum in the Federal Register.
JOSEPH R. BIDEN JR.
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MHARR’s take on the above is found in their report linked below.
Pivoting to a distinct, but potentially related topic, is the following.
Millions believe that former VP Joe Biden is not the lawful president. To learn more about one of the possible legal challenges – per the attorney cited in the report linked below – it still possible related to the concerns of tens of millions of pro-Trump supporters. “Leo Donofrio – “Writ of Quo Warranto” – Legal Solution to ‘Election Fraud,’ POTUS Trump vs. Biden – Path to Stop Millions of Jobs Vanishing? Oligarchs Power Grab?”
Our crystal ball is broken, but it would not be a surprise if the report above becomes one of the hot reads for the month.
For the growing numbers of new readers, a few quick insights.
- Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and In a matter moment, savvy professionals can see at a glance news headlines and views across the political spectrum. It is a time saving and insightful for those who are hooked on this market-nightly feature.
- Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
- After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:
On a night that most manufactured home connected equities slid along with the markets in general, let’s press ahead to those business-nightly features.
Quotes That Shed Light – Industry, American, Social, National Issues…
Headlines from left-of-center CNN Business
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- A Wall Street spectacle
- NEW YORK, NEW YORK – SEPTEMBER 16: People pass a GameStop store in lower Manhattan on September 16, 2019 in New York City. GameStop has announced that they will be closing between 180 and 200 stores before the end of the fiscal year due to a drop in sales.
- Everything you need to know about how a Reddit group blew up GameStop’s stock
- AMC Theater’s shares soar more than 200%
- Facebook profit jumped 53% amid growing scrutiny
- LIVE UPDATES Dow plunges 633 points after Fed’s gloomy remarks
- Fed warns of a slowing recovery, leaves rates unchanged
- Why NASA calls landing the Mars rover ‘7 minutes of terror’
- No, Joe Biden still isn’t banning fracking
- Donald Trump’s final economic report card could be very underwhelming
- Goldman Sachs slashes CEO pay by $10 million over massive scandal
- How to get the most Covid financial relief when filing your taxes this year
- Opinion: Black business owners are facing ruin. They need help now
- You should update your iPhone right now
- Microsoft patented a chatbot that was too disturbing for production
- The Apple iPhone 12 Pro Max at the Apple flagship store during a product launch event in Sydney, Australia, on Friday, Nov. 13, 2020. Sales of the iPhone fell 21% on anticipation of the new models, which arrived later than usual this year. Cook said the response to the 5G iPhone lineup and other new devices has been “tremendously positive.”
- Apple posts record quarterly revenue on stronger-than-expected iPhone sales
- Tesla Inc. electric vehicles charge at a supercharger station on January 4, 2021 in Redondo Beach, California. – After shares rocketed higher in 2020 on surging auto deliveries, Tesla enters 2021 with plenty of momentum even as its vision of taking electric cars mainstream remains a way off.
- Tesla disappoints Wall Street despite strong profits
- This car maker says it topped 300 mph once before. But it’s not so easy to do it again
- A SHOT OF CAFFEINE
- Coke with Coffee is (finally) available in the United States
- Chobani reinvented yogurt. Its next target is coffee
- Dwayne ‘The Rock’ Johnson launches an energy drink
- This company makes sure you never run out of coffee
- Energy drink? A UK startup is turning coffee into fuel
- WELCOME TO THE REDDIT MARKET
- WILKES-BARRE, UNITED STATES – 2020/11/27: A man wearing a face masks leaves Game Stop with the new Play Station 5 gaming console on Black Friday.
- The strange but true reason why GameStop’s stock keeps surging
- GameStop and AMC surge thanks to Reddit love
- The GameStop saga is captivating Wall Street
- Elon Musk tweet fuels frenzied GameStop surge
- Etsy soars because Elon Musk tweets about it
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Headlines from right-of-center Newsmax
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- Prelude to Packing the Bench? Biden Starting Panel to Look at High Court Reform
- Progressives hoping to expand the Supreme Court after the Trump administration shifted the high court’s ideological balance through three conservative appointments doubt the panel will result in the shifts they want. “Commissions are often places where ideas go to die and there is no time on the clock to reform the court,” Take Back the Court Director Aaron Belkin told Politico
- The Biden Presidency
- Biden Ban on Oil, Gas Leasing on US Lands Challenged in Court
- Poll: Biden Stance Aside, Most Believe in Limiting Abortion
- Top US Diplomat Blinken Sees Long Road to Iran Deal
- Biden: ‘We Can’t Wait Any Longer’ to Address Climate Crisis
- WH Suspends Some Weapons Exports
- Deportation Order Blocked by Law That Hindered Trump
- Newsfront
- Household Census Data Not Ready Till April, States’ Data After July
- The U.S. Census Bureau is aiming to deliver the long-delayed numbers used for divvying up congressional seats by the end of April, but a holdup on redistricting data could disrupt several states’ abilities to redraw their own legislative maps ahead of upcoming elections, an…
- Over 6 Million Added to Food Stamp Rolls in Pandemic
- More than 6 million Americans went on food stamps between February
- Retail Trade Groups Ask Congress to Act on Xinjiang Forced Labor
- S. retail trade groups are calling on Congress to introduce
- Ex-Rep. Gabbard: John Brennan, Adam Schiff ‘Domestic Enemies’ of US
- Former Rep. Tulsi Gabbard, D-Hawaii, on Tuesday called on President
- Business Groups Speak Out Against $15 Minimum Wage
- Several business groups are pushing back against Sen. Bernie Sanders’
- Health
- Don’t Let COVID-19 Fears Keep You From the ER
- Don’t Let COVID-19 Fears Keep You From the ER
- Almost half of Americans, 41%, said they did not seek medical care during the pandemic because they were afraid of getting COVID-19, according to research. The study, published by the Centers for Disease Control and Prevention, also found that 12% of U.S. adults avoided or…
- CDC: 1 in 5 Americans Has an STD
- Study Reveals Why Black People More Prone to Colon Cancer
- High Blood Pressure Often Mistaken for Menopausal Symptoms
- Heart Disease Still Top Killer
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Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
MHProNews has noted several times in recent weeks the national and international concerns about several aspects of the “Build Back Better” agenda, its direct connections to World Economic Forum supported “Great Reset,” and how that could upend manufactured housing and home ownership.
That noted, what follows is from Prosperity Now. Given the Buffett Bucks support, consider this statement from a surrogate to the Berkshire brands.
With that backdrop, the following is from Buffett-supported Prosperity Now…
“A Vision for a More Equitable Future
As we begin a new year with a new Administration and Congress, we feel optimistic about the chance to advance bold, comprehensive solutions to some of today’s toughest challenges, including historic racial and ethnic economic inequity. The Biden Administration has shown itself to be an honest broker in supporting the Build Back Better priorities it established during the campaign, including the Executive Order President Biden signed last week to advance racial equity.
Historically, systemic racism and discrimination have been embedded into policies and institutions, deeply shaping outcomes in work and wealth. These factors have determined, in no small part, how economic benefits are distributed, resulting in racial and economic inequality and racial wealth disparities. This includes policies like Jim Crow laws and the New Deal and G.I. Bill, which either codified discriminatory provisions or ignored rampant systemic racism, which would deny African Americans access to many of the benefits, including free education, unemployment insurance, Social Security and low-cost mortgage loans. Most recent data show that Black and Latinx households now own just 13 cents and 20 cents of wealth, respectively, for every dollar of wealth owned by White households. What’s more, the health and financial crises caused by the COVID-19 pandemic are compounding to devastating effect in communities of color and other vulnerable populations.
As tireless advocates for closing systemic racial wealth, wage and poverty gaps, Prosperity Now is aligned with policy makers and leaders interested in real solutions that meet the needs of those historically left out of economic success and stability. As such, here are the policy priorities we feel are among the most critical for this Administration to addresses in its first 100 days.
Supporting minority-owned small businesses. As employers of 47 percent of the workforce and generators of two-thirds of all new jobs, small businesses are essential to a strong economy. Providing increasing funding to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs)—the main source of capital for many minority and low-income communities—will ensure they have the necessary resources to support their small businesses.
Housing and homeownership. Owning a home is one of the key drivers for creating wealth. Therefore:
A refundable tax credit should be created for cost-burdened renters.
A refundable tax credit for first-time homeowners should be created for households at or below 80% of area median income.
All homeowners should receive a flat, post-home purchase tax credit.
Ensuring every child has a nest egg for the future. Implement national long-term public trust accounts—or ‘baby bonds’—through the American Opportunity Accounts Act.
Supporting low- and moderate-income working families. Expand the impact, eligibility and refundability of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), which—unlike many other individual tax provisions in the federal tax code—targets low- and moderate-income working families.
We know that racial economic equity can significantly improve broader economic health. According to a recent study, addressing the racial wealth gap 20 years ago could have added $16 trillion to the U.S. economy. Not to mention that as of the latest census data release, there were 2.58 million Black-owned businesses in the United States, generating $150 billion in annual revenue and supporting 3.56 million U.S. jobs. By supporting policies, programs and entities that create a pathway for more minorities and low-income populations to achieve financial stability and prosperity, we can ensure they not only have the tools to become or continue to serve as engines of economic growth, but that they are able to participate fully in an economy that has historically and strategically kept them on the margins.
Find out more about Prosperity Now and our 2021 policy priorities here.
All the best,
Gary L. Cunningham
President & CEO
Prosperity Now
https://www.manufacturedhomelivingnews.com/manufactured-home-financing-prosperity-now-following-the-money/
Related, Recent, and Read Hot Reports
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
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Winter 2021…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
