city of tacoma
File #: RES40697    Version: 2 Name: RES - Down Payment and Foreclosure Assistance disparity study
Type: Resolution Status: Adopted
File created: 11/19/2020 In control: City Council
On agenda: 11/24/2020 Final action: 11/24/2020
Title: A resolution directing the City Manager to use the Down Payment and Foreclosure Assistance disparity study, to identify disparities or displacement that resulted in disproportionate homeownership and the inaccessibility of communities of color, and particularly Black communities, to build generational wealth; and to provide an update to the City Council within six months, and recommendations no later than August 2021, to include specific budget and policy recommendations to increase Black homeownership in Tacoma, including the potential consideration of dedicating a percentage of all down payment assistance funds to Black residents. [Council Member Ushka]
Sponsors: Keith Blocker, Catherine Ushka, Kristina Walker, Victoria Woodards
Attachments: 1. Resolution No. 40697, 2. City Council Action Memorandum

Title

A resolution directing the City Manager to use the Down Payment and

Foreclosure Assistance disparity study, to identify disparities or displacement

that resulted in disproportionate homeownership and the inaccessibility of

communities of color, and particularly Black communities, to build generational

wealth; and to provide an update to the City Council within six months, and

recommendations no later than August 2021, to include specific budget and

policy recommendations to increase Black homeownership in Tacoma, including

the potential consideration of dedicating a percentage of all down payment

assistance funds to Black residents.

[Council Member Ushka]