Stagnant Black Homeownership Rates

 

MEDIA ADVISORY 

 

Subject of Congressional Black Caucus Foundation Realtist Forum

 

National Association of Real Estate Brokers (NAREB) point to disparities in mortgage lending practices, low housing inventory and lender resistance to use alternative credit models among major causes.

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TO:                      Business Editors, Housing, Real Estate, Finance, Banking, Urban Policy, Minority Affairs Reporters &  Photo Editors

 

WHO:                 National Association of Real Estate Brokers (NAREB), nation’s oldest minority real estate trade

association assembles expert panel to lay bare the reasons for no to slow homeownership growth among Black Americans.

 

WHEN:                Friday, September 18, 2015 / 4:30 p.m. – 6:30 p.m.

 

WHERE:              Walter E. Washington Convention Ctr, Room 207-A, 801 Mt. Vernon Pl., NW, Washington, DC

 

WHAT:                NAREB-sponsored Forum, “Real Estate Recovery 2015: Is It REAL for Black America?” gathers together Black real estate practitioners, housing      advocates, mortgage loan analysts and thought leaders to present viable options to increase homeownership for Black Americans.  Most recent available statistics indicate that less than six percent (6%) of all mortgage loans approved in 2013 went to Black Americans at a time when the nation’s economy was reportedly rebounding.  Panel discussion picks up from NAREB’s groundbreaking report, the State of Housing in Black America. A national Call to Action expected to be announced to focus attention on the need to build wealth in Black America through increased homeownership.

 

Panelists:

·       U.S. Congressman Gregory Meeks (D-NY) – senior member of the House Financial Services Committee

·       Mark Alston – chair, NAREB Public Affairs Committee, owner of Los Angeles, CA-based Skyway Realty and Alston and Associates Mortgage Company

·       Maurice Jourdain-Earl – managing director, Compliance Technologies

·       Keith Corbett, executive vice president, Center for Responsible Lending

·       Lisa Rice, vice president, National Fair Housing Alliance

·       Timothy  L. Simons – vice president and sr. compliance officer, Federal Home Loan Bank of San Francisco

·       James H. Carr – senior fellow, Center for American Progress

 

The National Association of Real Estate Brokers (NAREB) was formed in 1947 out of a need to secure the right to equal housing opportunities, regardless of race, creed, or color.  Since its inception, NAREB has initiated and promoted meaningful challenges and supported legislative initiatives to ensure fair housing for all Americans.  www.nareb.com.

 

 

Contact:             NAREB National Office

(301) 552-9340  ·   narebnews@nareb.com