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  • Category: Government & Politics
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  • Location: Alexandria, VA
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The basis of this Section 1983 claim is the US Agencies (Housing Urban Development, Federal National Mortgage Association (FNMA), Federal Reserves (Fed), Federal Home Loan Bank Board (FHLB)) (collectively known as Agencies) through their policies from at least 1934-1968 prohibited Black applicants from acquiring approval for mortgages to purchase homes on the basis of race, yet White applicants were granted approval for mortgages at a substantially higher rate, a violation of the Equal Protection Clause of the US Constitution. The damage Blacks suffered is a severely handicapped ability to accumulate wealth because of the policies of these Agencies to restrict Blacks from real property in neighborhoods other than those classified as being at the ?end of the life-cycle?. Thus, Blacks have very little or nothing to pass on to the next generation. The damage is evidenced by the glaring differential in the accumulation of wealth between Blacks and Whites. The psychological trauma of being forced to live in concentrated poverty is immeasurable by any yardstick other than the effects of the lives of those who experienced it. But the concrete and particularized damage is no doubt the intractable disparity in wealth and life?s expected outcomes between members of the White race and members of the Black race, which can be attributed to the policies of these Agencies. The Agencies developed and enforced policies that were a clear violation of Blacks? US Constitutional rights to equal protection under the laws and the failure of the Agencies to remove all badges and indicia of slavery. To make Blacks whole, we are requesting the United States compensate us in the amount of $1.6 Trillion Dollars ($1,600,000,000,000), distribution of $108,000 (the difference in the median wealth of Black and White households) for each Black household in the United States. Also, tax relief/forgiveness for the next 8 years and government paid education through 2022. This is the beginning of the elimination of the disparity in the wealth of the races.

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