Press & News |

TOMORROW: President Clinton and Housing and Urban Development Secretary Marcia L. Fudge discuss solutions to the affordable housing crisis

Economic Inclusion & Development, Leadership & Public Service | 3 Minute Read

For Immediate Release: March 14, 2022

Contact: [email protected]

 

TOMORROW: PRESIDENT CLINTON AND HOUSING AND URBAN DEVELOPMENT SECRETARY MARCIA L. FUDGE DISCUSS SOLUTIONS TO THE AFFORDABLE HOUSING CRISIS

 

The virtual meeting is part of the Clinton Global Initiative (CGI)’s expanding efforts to bring leaders from government, business, and philanthropy together to address urgent challenges, including building a more inclusive economy

 

Tomorrow’s meeting will spotlight challenges and drive action around the U.S. affordable housing crisis, including growing racial gaps in wealth generation and home ownership and the effects of climate change on housing

 

 

NEW YORK, NY – Tomorrow, Tuesday, March 15, 2022, President Clinton and U.S. Secretary of Housing and Urban Development Marcia L. Fudge will come together for “Affordable Housing: Access and Innovation,” a meeting of the Clinton Global Initiative (CGI) to discuss solutions to America’s affordable housing crisis. The meeting will feature a one-on-one conversation between President Clinton and Secretary Fudge, and a panel with Priscilla Almodovar, CEO of Enterprise Community Partners and Zack Rosenburg, Co-Founder & CEO of SBP, discussing the effects of climate change on resiliency and affordable housing.

 

In the United States, systemic racial disparities in homeownership have led to gaps in wealth generation and community development across the country, and many of these disparities are growing. Today, 72 percent of White Americans own their homes, while the homeownership rate for Black Americans and Latinos is only 43 percent and 51 percent, respectively. Without more action and support from the public sector, private sector, and civil society we risk seeing the wealth gap persist far into the future.

 

This event is part of CGI’s efforts to convene leaders to find solutions and take action on urgent challenges. Earlier this month, President Clinton announced that CGI’s work would expand in 2022, including a meeting of the CGI community in person this September in New York City. These efforts to convene leaders to mobilize for action have a proven track record of success: through CGI, more than 3,700 Commitments to Action have been launched, making a difference in the lives of more than 435 million people in over 180 countries.

 

** Tune in to tomorrow’s event at http://clintonglobal.org/affordablehousing. Details on the event, which was pre-taped, are below. **

 

AFFORDABLE HOUSING: ACCESS AND INNOVATION

WHEN: 

  • Tuesday, March 15, 2022; 3:00 p.m. ET

WHO:

  • President Bill Clinton
  • S. Secretary of Housing and Urban Development Marcia L. Fudge
  • Priscilla Almodovar, CEO, Enterprise Community Partners
  • Zack Rosenburg, Co-Founder & CEO, SBP

 

For several years, the Clinton Foundation has worked to advance solutions that promote inclusive economic growth. In 2019, President Clinton and Secretary Clinton convened leaders in Little Rock to reflect on efforts during the Clinton Administration to drive entrepreneurship and economic growth and discuss steps to take moving forward to promote economic growth in underserved communities. With the onset of the COVID-19 pandemic, CGI began hosting virtual events highlighting the racial and economic disparities that were exacerbated by the pandemic, while aiming to create actionable results and spotlight the people, ideas, and businesses that are pioneering solutions to create more equitable wealth opportunities in the United States. In 2021, CGI launched this as a specific Action Network, dedicated to supporting recovery efforts in the United States with the same Commitment to Action model used by previous CGI action networks.

 

# # #

 

About the Clinton Foundation

Building on a lifetime of public service, President Clinton established the Clinton Foundation on the simple belief that everyone deserves a chance to succeed, everyone has a responsibility to act, and we all do better when we work together. For nearly two decades, those values have energized the work of the Foundation in overcoming complex challenges and improving the lives of people across the United States and around the world.