Statement from Marc H. Morial, President & CEO of the National Urban League, on the Grand Jury’s Decision to Not Indict Officer Daniel Pantaleo in the Chokehold Killing of Eric Garner:
“There are absolutely no words that can describe the miscarriage of justice that has just occurred in America – yet again. There is no rational or feasib
le explanation that can ever justify the Staten Island grand jury’s decision to not indict the person responsible for Eric Garner’s death – a decision which itself defies common sense. Today’s unfortunate outcome – yet another in a tragic series of killings of unarmed Blacks by police officers in just the past six months – further demonstrates that we need a new approach in this nation to police-community relations, the use of excessive force by law enforcement and police accountability for acts of misconduct.
Eric Garner did not deserve to die. NYPD Officer Daniel Pantaleo had no reasonable cause to kill him. After repeated review of the facts of this case and what the video clearly shows, what is most ironic is that Eric Garner was being arrested for the misdemeanor of illegally selling cigarettes; yet, the officer who used an illegal chokehold prohibited by the New York Police Department was neither arrested nor indicted. Officer Pantaleo’s actions directly led to the death of an unarmed man who displayed no threatening acts or acts of violence towards him. This cannot continue.
To Be Equal
“Every American lives in safe, decent, affordable and energy efficient housing on fair terms.” – National Urban League 2025 housing empowerment goal
Mel Watt Lowers Mortgage Down Payment Requirement
NEW YORK, NY – Federal Housing Finance Agency (FHFA) Director Mel Watt is taking action to turn the American dream of homeownership into reality for many more people. Director Watt recently announced that Fannie Mae and Freddie Mac, which he regulates and which are linchpins of the nation’s residential mortgage market, will reduce down payment requirements from 5 percent to 3 percent. This will enable many more low-income, but credit-worthy, consumers to become homeowners while helping the nation’s faltering housing market regain its traction.
We enthusiastically applaud this move and believe that as a result, more African American, Latino and working class borrowers of all races, who face an especially tough time securing mortgages, will have greater access to conventional loans, which are more affordable than other financing options. We are also encouraged that Director Watt’s plan will allow housing counseling in lieu of costly mortgage insurance to be a compensating factor to help make up for low down payments or low credit scores.
Saving the necessary down payment to purchase a home is one of the biggest obstacles to attaining the American Dream, especially for communities of color. African Americans and Latinos typically have lower incomes and are less likely to receive an inheritance or first-time buying help from their parents than white Americans. According to the Center for Responsible Lending, while it takes the typical white family 14 years to save for a 5 percent down payment, plus closing costs, it takes the typical Latino family 17 years and the typical African American family 21 years to save those amounts.