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NAR supporting efforts to boost black homeownership rate

Posted by Editor on September 18, 2018
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About 10,000 people attended the Congressional Black Caucus Foundation’s 48th Annual Legislative Conference in Washington, D.C., a group that included members of the National Association of Realtors® (NAR) and its advocacy staff.

The attendees largely focused on the declining African-American homeownership, gentrification and creative solutions.

“This year, as we recognize the 50th anniversary of the Fair Housing Act, the National Association of Realtors remains committed to working with groups like the Congressional Black Caucus and the Department of Housing and Urban Development (HUD) to advance policies that remove barriers to African-American homeownership in the United States,” says NAR President Elizabeth Mendenhall. “That includes a collaborative partnership, from both the private and public sectors, to ensure the Fair Housing Act is serving its core purpose as intended by Congress.”

Two years after the Fair Housing Act passed, the African-American homeownership rate was 41.6 percent – and the rate today is exactly the same: 41.6 percent. NAR says that’s the reason it’s committed to working with the National Association of Real Estate Brokers (NAREB), the Urban Institute and other partners to remove barriers and encourage African-American homeownership.

“Not only is Fair Housing integral to the ethical commitment of our members, as outlined in the Realtor Code of Ethics, it is critical to our ability to serve our customers, clients and the community. Realtors look forward to continuing to work to ensure affordable and sustainable housing opportunities are available for Americans in every corner of this country,” Mendenhall says.

NAR’s federal political coordinators considered the Annual Legislative Conference (ALC) an opportunity to network with their personal representative in Congress, industry professionals and other small business owners. The specially-selected group of 535 Realtors serve as the voice and face of real estate to federal lawmakers. They work closely with members of Congress and the Congressional Black Caucus, along with NAR’s D.C.-based lobbyists and regulatory staff, to advance shared goals for the African-American community.

© 2018 Florida Realtor®

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