NAREB SETS GOAL OF 2 MILLION NEW BLACK HOME OWNERS

AChafukira • July 23, 2018

For Immediate Release

NAREB SETS GOAL OF 2 MILLION NEW BLACK HOME OWNERS

Strategies to kickstart Black homeownership focus of 71 st Annual National Association of Real Estate Brokers (NAREB) Convention in Atlanta

Washington, DC (July 22, 2018) – The Black homeownership rate, currently at 42.2%, is just tenths of a percentage point higher than the same rate reported by the U.S. Census Bureau 50 years ago when the Fair Housing Act was signed into law. This troubling fact is the impetus behind the National Association of Real Estate Brokers’ (NAREB) program to increase Black homeownership by two (2) million over the next five (5) years. The strategies, partnerships and NAREB’s role in galvanizing the energies of a growing community-of-concern will be covered at its 71 st Annual Convention, “Building Black Wealth through Homeownership,” July 24-29, 2018, at the Hilton Atlanta.

“Black homeownership is the first, and most essential step to build economic strength within our communities,” said NAREB President Jeffrey Hicks, who is based in Atlanta. “We’ve lost more ground than we’ve gained over the past 50 years. Whether through unmeasurable losses of equity during the country’s last economic meltdown, consistently high unemployment rates, unfavorable federal and state policies restricting affordable homeownership, or systemic mortgage lending barriers, Black homeownership—and therefore our wealth-building potential as a people—remain diminished.”    

Convention key note speakers are Stacey Abrams , Georgia gubernatorial candidate, and Dr. Robert Michael Franklin, Jr., James T. and Berta R. Laney Professor in Moral Leadership, Candler School of Theology, Emory University.

In commemoration of the 50 th Anniversary of the passage of the Fair Housing Act Convention, NAREB

is committing Friday, July 27 th to a day-long look back on the five-decade struggle to ensure fair housing for Black and other Americans who may have been denied equal opportunity.   The day includes honoring Presidential Medal of Honor recipient, the Reverend Dr. C. T. Vivian. Confirmed speakers are Dr. Benjamin Chavis , activist and president of the National Newspaper Publishers Assn.; Honorable Bill Campbell , former Mayor of the City of Atlanta; Xernona Clayton , legendary broadcaster and founder of the Trumpet Awards Foundation, Inc.; North Carolina legislator, Henry McKinley “Mickey” Michaux; Eric Coates Michaux , distinguished attorney, business leader, activist and one of the first Black students   to attend Duke University School of Law, and William T. Robie, Atlanta real estate and appraisal company owner, community leader and 68-year member of NAREB, along with other NAREB legendary leaders for fair housing and equality in the real estate profession.

NAREB’s Convention includes the construction of a strategic foundation to elevate Black homeownership and build wealth. Special emphasis is placed on involving the faith-based community in partnership to help grow Black homeownership.   To date, NAREB has signed Memorandums of Understanding with a several faith-based denominations.   NAREB is also enlisting the expertise of the USC Cecil Murray Center for Community Engagement to train NAREB’s member Realtists and financial services partners to reach and more effectively engage faith-based leaders in the (2Mn5) program.

NAREB will close out its 2018 convention with the free, consumer-focused Community Wealth Building Day event scheduled for Sunday , July 29, 1:00 p.m. – 5:00 p.m. at Changing A Generation Church , pastored by Bishop Paul S. Morton, located at 3350 Greenbriar Parkway SW, Atlanta, GA 30331.   The free event introduces Atlanta-area residents to the long-term economic benefits of homeownership and makes experts and resources available for consumers to learn about the homebuying and mortgage process from beginning to end.

For more information about the convention visit www.nareb.com or call 301-522-9340. For details about Community Wealth Building Day, call the Empire Board of Realtists at 404-755-5575.

Contact:   Joanne Williams I 215-519-2831 I jlwilliams@barrington-associates.com

* * * * *

The National Association of Real Estate Brokers (NAREB) was formed in 1947 to secure the right to equal housing opportunities regardless of race, creed or color. NAREB has advocated for legislation and supported or instigated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans along with promoting access to business opportunity for Black real estate professionals. NAREB annually publishes The State of Housing in Black America report.   www.nareb.com

NAREB PRESENTS SECOND ANNUAL NATIONAL BUILDING BLACK WEALTH DAY ON APRIL 12, 2025, IN OVER 100 CITIES

March 19, 2025
The National Building Black Wealth Day Follows The Resounding Success of Our Mid-Winter Conference In February, Where We Equipped Our Community With the Tools, Strategies, and Insights Needed to Thrive In an Evolving Industry. ST. LOUIS, MO— The National Association of Real Estate Brokers (NAREB) will present its second annual National Building Black Wealth Day on April 12, 2025, with live events in more than 100 cities across the country. Seminars and one-on-one sessions will empower communities with steps towards homeownership, property investment, starting a business, and other wealth-building opportunities. An internet feed will make virtual sessions accessible to a national audience. To register for the in-person events in 100 cities, please go to XXXXX. To register for the virtual sessions on Zoom, click HERE. Act quickly as the virtual sessions have limited spots available. We also encourage you to share this opportunity with your networks to help us reach more Black consumers. Key partners in the tour, include the African American Mayors Association, Inc., Alpha Phi Alpha Fraternity, Inc., Church of God in Christ, Inc., the National Baptist Convention, Delta Sigma Theta Sorority, Inc., National Bar Association, Phi Beta Sigma Fraternity, Inc. and Zeta Phi Beta Sorority, Inc. “Participation by our partners underscores their commitment to empowerment and economic development in our communities,” said Dr. Courtney Johnson Rose. “The Building Black Wealth Tour is expanding for 2025. We are bringing together families, lenders, attorneys, and real estate professionals to discuss and implement strategies for increasing Black homeownership and building wealth within Black communities.” Rose noted that NAREB’s 2024 State of Housing in Black America report found that more than two million mortgage-ready Black Americans have the income and credit to buy a home but have not yet become homeowners. In addition, 1.75 million Black millennials make over $100k annually and are poised to be homeowners. Further, Freddie Mac tracks the number of “mortgage-ready” renters nationwide , meaning they can meet certain income and credit requirements to qualify for a mortgage. Their researchers determined that as of January 2021, two million Blacks ages 45 or younger are near mortgage-ready, while another 3.4 million are potentially mortgage-ready. “Our tour aims to reach these Black consumers,” said Dr. Rose. “We are providing them with data and information on why they should be homeowners. We explain the many benefits of homeownership, such as building wealth, stable communities and building equity for retirements, college educations for their children, starting a business or more.” On National Building Black Wealth Day, hundreds of families and individuals will be armed with the information needed to make wealth-building decisions. Among the opportunities/Workshops are: What to do with Big Momma's House? ABCs of Homebuying Real Estate Investing Down Payment Assistance Explore Careers in Real Estate Free Career Fair Free Health Screenings One On Ones with Real Estate Attorneys One On Ones with Housing Counselors The Black Wealth Day comes after NAREB’s successful Mid-Winter Conference in Ft. Lauderdale, Florida, last month. This year’s conference, themed "Navigating New Horizons," empowered real estate professionals with the tools, strategies, and insights needed to thrive in an evolving industry. Speakers included Dr. Egypt Sherrod , Host and Executive Producer of HGTV’s Married to Real Estate; Catrese Fields Alston, Philanthropist and CEO of Le-Bleu Diamond Corporation; Hill Harper , Award-Winning Actor and Activist and Laura Escobar , President of Lennar Mortgage and 2025 Chair of the Mortgage Bankers Association (MBA). “Our Mid-Winter Conference helped NAREB Realtists® prepare for the shifting landscape of the real estate industry,” said Dr. Rose . “Realtists are on the front lines, working with families to secure homeownership and build generational wealth. In today’s challenging market, our members are more valuable than ever, and this conference ensured they have the knowledge and support to make a lasting impact in Black communities.” ABOUT THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS NAREB was formed in 1947 to secure equal housing opportunities regardless of race, creed, or color. NAREB has advocated for legislation and supported or instigated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans. Simultaneously, NAREB advocates for and promotes access to business opportunities for Black real estate professionals in each real estate discipline. From the past to the present, NAREB remains an association that is proud of its history, dedicated to its chosen struggle, and unrelenting in its pursuit of the REALTIST®’s mission/vision embedded goal, “Democracy in Housing.”

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