Former HUD Secretary Julián Castro could drop out of 2020 race this month

Mortgage & Real Estate

Former secretary of the Department of Housing and Urban Development, former mayor of San Antonio, Texas, and a democratic presidential candidate for the 2020 election, Julián Castro told his supporters that if he doesn’t raise enough by the end of the month, he will have to drop out of the presidential race.

Castro said he needs at least $800,000 by October 31st in
order to continue his campaign, giving his supporters 10 days to raise enough
to keep him in the race.

“I’m asking you to fight for me like never before,” Castro
said in the email. “If I don’t meet this deadline, I won’t have the resources
to keep my campaign running. I’m counting on your $5 in this critical moment.”

“This isn’t a fundraising gimmick — it’s the transparency
and honesty I have promised you since I entered this race,” he said. “The truth
is, for our campaign, these debates have offered our only guaranteed
opportunity to share my vision with the American people. If I can’t make the
next debate stage, we cannot sustain a campaign that can make it to Iowa in
February.”

There are currently 18 democrats remaining in the race. So
far, Castro has qualified for every democratic debate, but he has yet to
qualify for the November debate. Just nine candidates have qualified so far
under the debate’s higher qualifications. Candidates must register at least 3%
in four national polls, or at least 5% in two early state polls, and have at
least 165,000 unique donors with at least 600 coming from 20 different states.

While Castro has met the donor threshold, he has yet to make
the polling threshold.

But that may not matter if Castro can’t raise the funds he
needs before Thursday. On Monday, Castro said he expects that he will be
able to meet this goal.

Castro has used his time on the stage to highlight housing
issues. At the October debate, Castro criticized
the moderators for closing with a question about comedian Ellen DeGeneres’
controversial friendship with former President George W. Bush without asking
any questions about housing and other critical issues.

A week earlier, Castro had challenged the debate moderators via
Twitter to ask a housing question.

And a few days before the debate, at the CNN town hall on LGBT equality Castro called on HUD Secretary Ben Carson to resign due to his comments on transgender people.
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