BLACK AMERICANS CAN STILL BUILD WEALTH THROUGH HOMEOWNERSHIP

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Contacts:
Joanne Williams
202-364-0024 ●  jlwilliams@barrington-associates.com

Shanta Patton
702-302-2760 ●  shantapatton@gmail.com

For Immediate Release

National Association of Real Estate Brokers (NAREB) sponsors Community Wealth Building Day to help Black American Las Vegas residents to take first steps to become homeowners and start building wealth.

Washington, DC (January 30, 2017) – The National Association of Real Estate Brokers (NAREB), in concert with their national affiliate, NID-Housing Counseling Agency(NID) and the trade group’s Las Vegas chapter, the Nevada Association of Real Estate Brokers are offering Black Americans living in the area, a one-day opportunity to learn what it takes to build wealth through homeownership. The Community Wealth Building Day is free, open to all Las Vegas-area residents and is scheduled be held Saturday, February 18, 2017, 10:00 a.m.-3:00 p.m., at the Mountain Top Faith Ministries, 2845 Lindell Rd., Las Vegas, NV 89146.

“NAREB is committed to consumer education. We want to make sure that Black Americans have accurate information before they enter the home buying process, probably the most expensive purchase of their lives,” said Ron Cooper, president of NAREB formed 70 years ago to ensure that Black Americans secured the right to equal housing opportunities.

The Las Vegas Community Wealth Building Day is planned to answer consumers’ questions about the home buying process and how to get ready to buy. NAREB has assembled real estate industry experts that include local Realtists; public and private sector housing finance executives; mortgage lending professionals; legal and insurance experts; housing counselors, and community development partners to be a part of the event. Collectively, they can help Black American Las Vegas residents understand the process, mortgage financing options, and available down payment assistance opportunities. The first 75 people to register will receive a complimentary credit report and an expert assessment.

The Community Wealth Building Day is the culminating event of NAREB’S three-day 2017 Mid-Winter Regional Conferences being held in four hub cities. The Las Vegas event is followed by Charlotte, NC (March 9-11), Prince George’s County, MD (April 6-8) and Cleveland, OH (April 20-22). Corporate partners sponsoring and participating in NAREB’s consumer home buying event include Bank of America, BBVA Compass, and Wells Fargo Home Mortgage. Recently, NAREB announced its 2 Million New Black Homeowners in 5 Years initiative of which Community Wealth Building Day is a part.

“Black Americans have sent their children to college, built businesses and stabilized neighborhoods through homeownership. But many Black Americans have lost faith in the long-term value of homeownership. We are here to encourage Black Americans to re-think and reconsider their economic outlook. Homeownership is still possible and desirable. It represents the best way to build wealth now and into the future. There’s simply no comparison between owning and renting. Ownership builds wealth. Renting increases someone else’s bank account,” Cooper added.t

Space at Community Wealth Building Day is limited. For reservations, call 702-850-0370 or email at NAREBLV@gmail.com.

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 bi-annually The State of Housing in Black America (SHIBA) Report. Visit www.nareb.com for more information.

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