Bay Area leaders call on Newsom to allocate $500M to promote Black homeownership

A coalition of Bay Area elected officials, racial justice activists and housing advocates are calling on Gov. Gavin Newsom to prioritize housing for Black residents in the Bay Area by investing in a targeted fund.

Representatives for the Bay Area Black Housing Advisory Task Force urged the governor Monday during a virtual news conference to set aside $500 million for a new fund that would help alleviate some of the historic burdens that have led to a disproportionate impact on Black homeowners in the Bay Area.