Outrage as state launches home loan program of up to $150k based solely on race | 1 Sept 2024 | Washington state has sparked fury with its new home loan program that offers a whopping $150,000 in assistance - but only if you're the right race. The Covenant Homeownership Program, launched on July 1, claims to be fighting racial discrimination by helping first-time home buyers snag a zero percent interest loan for down payments and closing costs. But there's a catch -- you've got to belong to specific minority groups to qualify. Applicants must be at or below the local median income as well as fit into select minority categories like Black, Hispanic, or Native American -- omitting white people and other groups.