via whitehouse.gov:
Let’s start with our progress on the economy.
Over twelve million jobs created.
The lowest Black unemployment rate in recorded history: 5%.
Hundreds of thousands more jobs for Black Americans than pre-pandemic.[1]
In our first year, poverty rates for Black children were cut in half, to a record low: 8.1%.
The most equitable economic recovery in memory.
And, a comprehensive effort to close the racial wealth gap.
For instance, we’re tackling bias in the home appraisal process, which has limited Black homeowners’ returns on our investments. We’re making data about appraisal bias available to the public and broadening the pipeline of diverse home appraisers.
We’re increasing the supply of affordable housing, strengthening tenant protections, and keeping people in their homes.
We administered nearly five million emergency rental payments to Black families by the end of 2022. Each one of those payments, along with the eviction moratorium, helped keep a Black family in their home.
The Department of the Treasury helped nearly 94,000 Black homeowners avoid foreclosure through the end of 2022.[2]
Yesterday marked the 55th anniversary of the Fair Housing Act. The Department of Housing and Urban Development recently proposed rules promoting fair housing choice, eliminating housing disparities, and ensuring that entities receiving federal funds provide equitable access to affordable housing.
At the same time, by 2025, we will have increased by 50% the number of federal contracts that go to small disadvantaged businesses. This is projected to translate into an additional $100 billion going to minority-owned businesses.
More broadly, we’re ensuring that the once-in-a-generation resources provided by the historic pieces of legislation President Biden signed are delivered equitably, including to those that have long been left behind.
That’s how we’re helping reconnect communities of color that had been cut off by old infrastructure. Like an interstate project in Atlanta, a greenway in St. Louis, and the I-375 Detroit Community Reconnection Project.
h/t The Don Of Nantucket