COMMUNITY WEALTH BUILDING DAY BOOSTS HOMEOWNERSHIP FOR BLACK AMERICANS

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

For Immediate Release

 

NAREB hosts free event for Black American Los Angeles and Long Beach residents to learn how to start building wealth through homeownership.

 

Washington, DC (August 9, 2016) – Homeownership is within reach of Black Americans and will be showcased at Community Wealth Building Day, Saturday, August 13, 2016, 9 a.m.-2 :00 p.m. as the best way to start building or rebuilding wealth. The National Association of Real Estate Brokers (NAREB) has brought together real estate industry experts, housing counselors from NID-HCA Housing Counseling Agency, mortgage lenders and government agencies representing every aspect of home buying process to answer questions and demonstrate that owning a home is not only possible, but desirable.  The day-long session is scheduled for the Long Beach Convention Center, 300 E. Ocean Boulevard, Long Beach, CA 90802.
“Community Wealth Building Day embodies NAREB’s commitment to Build Black Wealth through Homeownership, said Ron Cooper, Los Angeles resident, successful business owner and president of NAREB, the nearly 70-year old minority real estate trade association.

Community Wealth Building Day kicks off with a consumers’ Town Hall session with remarks from Councilman Rex Richardson (11th District). Joining Richardson, the new Vice Mayor, is former LA Lakers Power Forward A.C. Green, known throughout his 16 seasons in the NBA as the“Iron Man” and founder of the A.C. Green Youth Foundation, along with Viola Solomon, Community Lending Manager, BBVA Compass, NAREB’s corporate partner for the consumer event, and NAREB President, Ron Cooper.

Consumers can expect to learn about the availability of up to $60,000 in purchase assistance funds; addressing bad credit issues; preserving wealth, along with a session to help consumers understand the mortgage process, what to expect from a lender and what questions to ask.  The first 100 people in attendance will receive a free credit report and an assessment. Representatives from local, state and federal government agencies like the CA Housing Finance Agency (CalHFA), U. S. Department of Housing and Urban Development, among others are participating in the panel discussions and exhibit area and welcome questions from consumers about homeownership.  Throughout the day, event participants can register for prizes as they interact with Community Wealth Building Day exhibitors.

“We’ve lost hundreds of millions, if not billions of dollars in home equity resulting from the nation’s last economic tsunami.  NAREB is starting a movement, our 2 Million New Black Homeowners in 5 Years initiative to establish a new wealth building platform for Black Americans, nationwide.  The program is not only our commitment, but our responsibility and obligation to our community,” Cooper added.

For more information and to register for the FREE Community Wealth Building Day call 323-299-5570 or register at https://2016-community-wealth-building-day.eventbrite.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 annually The State of Housing in Black America (SHIBA) Report. Visit www.nareb.com for more information.