NAREB TAKES ACTION TO BUILD BLACK WEALTH THOUGH HOMEOWNERSHIP

Gonzalo Rodriguez | Web and Social Media Coordinator • April 14, 2017

FOR IMMEDIATE RELEASE

Final leg of National Association of Real Estate Brokers (NAREB) Mid-Winter Regional Conference and Community Wealth Building Day series slated for Cleveland, OH with plans to jumpstart homeownership among Black Americans.

Washington, DC (April 13, 2017) The National Association of Real Estate Brokers (NAREB) will open the fourth of its Mid-Winter Regional Conference series in Cleveland, April 20-22, 2017 to push for a dialogue reset among policy makers, financial services executives, and advocates about the lagging Black homeownership rate, now stagnating at 41.9%, compared to a 72.2% homeownership rate for non-Hispanic whites.

Meeting under the banner, “Building Black Wealth Through Homeownership,” several hundred conference attendees from seven mid-western states will hear NAREB’s aggressive, multi-pronged strategy to promote homeownership as the key to building wealth for Black Americans. The 2017 NAREB Mid-Winter Regional Conference-Mid West is scheduled to take place at The Westin Hotel Downtown, 777 St. Clair Avenue NE, Cleveland, OH.

Latest available Home Mortgage Disclosure Act (HMDA) data for Cleveland, analyzed by Lending Patterns™, indicated that of the 2,884 loans made in 2015 where race was known, only 492 (17%) were granted to Black Americans compared to 1,664 (58%) for whites. Black Americans comprise 53.3% of the city’s total population of 388,072 which has been in steady decline. LendingPatterns™also noted that the average mortgage loan amount in Cleveland in 2015 was $164,550. (LendingPatterns™is an online HMDA data analysis software program developed by ComplianceTech.)

“This mortgage loan gap which NAREB believes represents significant disparity and adversely affects wealth building through homeownership for Black Americans. The situation is unacceptable. Homeownership is the first step on the road to legacy wealth building. NAREB is laser-focused on increasing opportunities for homeownership and advocating at every level of government for public policy changes and in the financial services sector for fair lending practices,” said Ron Cooper, president of NAREB the oldest professional minority real estate trade association formed in 1947 to assist and advocate for Black soldiers returning from service in WWII and unable to purchase homes of their choice.

Speakers at the conference opening general session on Friday, April 21, 8:30 a.m-10:00 a.m. include the Honorable Stephanie D. Howse, State Representative (Ohio House District 11), and LaRese Purnell, managing partner of Creating Leading Enterprises (CLE), noted author, businessman, and nationally-recognized expert on financial freedom. In sessions following, Dr. Pamela Jolly, NAREB’s strategist will discuss “Designing the Black Wealth Blueprint for Communities,” and Mark Alston, Realtist and NAREB’s Public Affairs Committee chair will offer a detailed view of the “State of Housing in Black America” in general, and Cleveland, in specific. His presentation addresses the documented disparities in mortgage lending practices along with the government policies that have failed to support economic recovery in Black communities.

Cooper states, “NAREB’s new “2 Million New Black Homeowners in 5 Years” program has been launched to reverse the wealth drain in our communities. Black Americans never experienced the economic recovery after the country’s 2008 meltdown. It’s time that we join forces with financial institutions, mortgage lenders, social, economic and civil organizations, and housing counselors to start wealth building activity in our nation’s urban areas. Economic security for Black Americans is a national issue that we intend to keep front and center and make happen.”

On Saturday, April 22, 2017, NAREB will host Community Wealth Building Day at the Fatima Family Center, 6600 Lexington Avenue, Cleveland, OH 44103 from 10:00 a.m. to 3:00 p.m. The free event is open to all area residents. Throughout the day, attendees can talk to lenders, ask questions, get information about why owning a home positively changes financial futures, learn about the home buying process and how to sustain a newly purchased home. The first 75 people receive free credit reports and confidential assessments. Are you looking for the cheap best-quality replica rolex replicawatch is here to serve you.

The consumer-focused Community Wealth Building Day is the culminating event of NAREB’s 2017 Mid-Winter Regional Conferences, this year held in four hub cities that kicked off in Las Vegas, NV (February 16-18), continuing in Charlotte, NC (March 9-11), Prince George’s Co., MD (April 6-8), and concluding in Cleveland, OH (April 20-22).

For more information, visit www.nareb.com. On-site conference registration begins on April 19.

# # # # #

About NAREB:

The National Association of Real Estate Brokers (NAREB) was formed in 1947 to secure the right to equal housing opportunities for all regardless of race, creed, or color. NAREB has 90 chapters located nationwide and publishes annually The State of Housing in Black America (SHIBA) Report. Visit www.nareb.com for more information.

Contact: Joanne Williams l 202-364-0024 jlwilliams@barrington-associates.com

NOTE TO MEDIA: All media must sign-in and get credentialed in the press room.

Selling Houses While Black

By Olga Labovich • January 18, 2023
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.

NAREB releases Annual State of Housing in Black America report at Black Wealth Summit featuring Lawmakers, Agency Heads, Policymakers & Experts

By Olga Labovich • November 30, 2022
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.

Reckoning with the past: Associations apologize for discriminatory practices

By Olga Labovich • November 14, 2022
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.

NAREB: Supporting ‘Democracy In Housing’ for consumers, agents

By Olga Labovich • November 14, 2022
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.

Clyburn Re-Ups Support For G.I. Bill Restoration Act On This Veteran’s Day

By Olga Labovich • November 11, 2022
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.

When the demography of the members is considered

By Olga Labovich • October 15, 2022
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.

What is a Realtist?

By Olga Labovich • September 15, 2022
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.

What is the National Association of Real Estate Brokers (NAREB)?

By Olga Labovich • September 14, 2022
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.

NAREB Calls on White House and Congress to Boost Black Homeownership and Close Wealth Gap

By Olga Labovich • September 7, 2022
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.

For 75 Years, NAREB Has Advocated for Black Homeownership

By Olga Labovich • August 2, 2022
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.
More Posts
Share by: