Get in touch
NAREB and NAACP sign ground-breaking agreement today to increase Black homeownership
AChafukira • February 24, 2020
The National Association for the Advancement of Colored People ( NAACP ) and The National Association of Real Estate Brokers have announced a partnership that will help ensure that black individuals and families have access to quality financial education, appropriate financial products, accredited counseling services, and financial assistance to have a better chance at increasing black wealth through homeownership.
“NAREB stands together with the NAACP in this commitment to our members, leaders, and most importantly, our clients and constituents, with the goals, objectives, and initiatives outlined in this memorandum of understanding,” stated NAREB President Donnell Williams in a statement to Atlanta Daily World .
“The “R” in NAREB stands for “Relationships” and this agreement demonstrates the power of relationships through partnership. We are grateful for this opportunity to fortify and expand our current relationship with the NAACP, which has proven to be a pillar organization for our people for 110 plus years. Our members are the commanders and guardians of our communities and this MOU will provide the template, framework, and formula for successful collaboration which will create positive change nationally and globally. We must work together to organize and strategize our efforts.”
Highlights of the NAREB and NAACP Empowerment Program commitments:
- Collaboration on NAREB’s 2MN5 (2 million new black homeowners in 5 years) program related target market research to enable generation of prospective buyers in various markets nationwide
- Development and publishing of a series of recurring, multimedia, public information and marketing campaigns designed to promote awareness of homeownership opportunities/benefits and to promote increased levels of black homeownership/wealth
- Collaboration on NAREB’s House Then The Car initiative, which is an expansion of 2MN5. This initiative focuses on increasing homeownership amongst creditworthy, mortgage-ready black millennials
- Collaboration on development and retention programs designed to increase and sustain increased homeownership levels while reducing racial wealth disparities
- Hosting and participating in various joint events focused on homeownership and other wealth-building strategies at regional and national conventions/conferences or in agreed local markets
- Encouraging NAACP members to post properties for sale within NAREB’s REALTIST Referral Network (RRN). For every property referred and sold within the RRN, an agreed-upon contribution will be made to the NAACP by the identified REALTIST (NAREB) member/practitioner involved in the transaction.
This Article is also featured in the following publications:
About 6 percent of real estate agents and brokers in the United States are Black. Their white peers make almost three times as much, according to data and surveys. Tye Williams feels the heat. It’s 95 degrees out, and the North Carolina sun is beating like a drum. He’s in a full suit and tie Continue Reading
The post Selling Houses While Black appeared first on National Association of Real Estate Brokers.
WHO: U.S. Senator Sherrod Brown (D-OH) Lydia Pope, President NAREB Alanna McCargo, President, Ginnie Mae Lisa Rice, President & CEO National Fair Housing Alliance Sandra Thompson, Director, Federal Housing Finance Agency Teresa Bryce Bazemore, CEO, Federal Home Loan Bank of San Francisco Katrina Jones, VP, Racial Equity Strategy & Impact, Fannie Mae Pamela Perry, VP, Continue Reading
The post NAREB RELEASES ANNUAL STATE OF HOUSING IN BLACK AMERICA REPORT AT BLACK WEALTH SUMMIT FEATURING LAWMAKERS, AGENCY HEADS, POLICYMAKERS & EXPERTS appeared first on National Association of Real Estate Brokers.
The California Association of Realtors is the most recent association to express regrets for past practices that marginalized groups based on race or ethnicity. Key points: Real estate associations in Atlanta, Minneapolis, Chicago and St. Louis have also offered formal apologies for past discriminatory practices. Practices and policies included endorsing restrictive covenants and redlining, making Continue Reading
The post Reckoning with the past: Associations apologize for discriminatory practices appeared first on National Association of Real Estate Brokers.
Lydia Pope, who leads the National Association of Real Estate Brokers, discusses narrowing the racial gap in homeownership and opening doors for Black agents Key points: NAREB, founded in 1947, is the nation’s oldest trade association for Black real estate professionals. ‘Our goal is equal housing,’ said Pope, whose own real estate career spans nearly Continue Reading
The post NAREB: Supporting ‘democracy in housing’ for consumers, agents appeared first on National Association of Real Estate Brokers.
Americans disagree on many social issues, but one we’re strongly united on is appreciation for our fellow countrymen and women who have served in our nation’s military – especially today, Veteran’s Day. It’s likely that the greatest expression of gratitude our nation has ever given to those who have worn the uniform is the Servicemen’s Readjustment Continue Reading
The post Clyburn Re-Ups Support For G.I. Bill Restoration Act On This Veteran’s Day appeared first on National Association of Real Estate Brokers.
Our mission at Bankrate is to assist our clients in making smarter monetary decisions. Apart from ensuring every editorial policy is met, we have referenced some of our products from our partners in this post. We have explained how we generate revenue here. The National Association of Real Estate Brokers (NAREB) is a trade network Continue Reading
The post When the demography of the members is considered appeared first on National Association of Real Estate Brokers.
Whether you’re looking to buy or sell a home, you’ll see a wide range of terms attached to professionals who can help with the transaction. As you work to understand the difference between a broker and an agent, you may also wonder what a Realtist does. What is a Realtist? A Realtist is a real estate Continue Reading
The post What is a Realtist? appeared first on National Association of Real Estate Brokers.
The National Association of Real Estate Brokers (NAREB) is a trade organization and network of Black real estate professionals known for promoting “democracy in housing” and advocating for public policies that “protect and expand sustainable homeownership.” The organization’s members, who go by the title of Realtist, are spread throughout chapters across the United States. NAREB’s Continue Reading
The post What is the National Association of Real Estate Brokers (NAREB)? appeared first on National Association of Real Estate Brokers.
Organization Will Hold Elected Officials Accountable The National Association of Real Estate Brokers (NAREB) called on the White House and Congress to enact legislation aimed at increasing Black homeownership after provisions approved by the House were excluded from the Inflation Reduction Act, which Congress passed and was signed into law by President Biden. Rep. Maxine Continue Reading
The post NAREB Calls on White House and Congress to Boost Black Homeownership and Close Wealth Gap appeared first on National Association of Real Estate Brokers.
Annual Convention Returns to Tampa Where Organization was Founded The National Association of Real Estate Brokers (NAREB) kicks off its national convention in Tampa this week, as the organization celebrates its 75th anniversary. Founded in 1947 with the goal of securing equal housing opportunities for all Americans, NAREB advocates for policies and practices that increase Continue Reading
The post For 75 Years, NAREB Has Advocated for Black Homeownership appeared first on National Association of Real Estate Brokers.