"The Affordable Homeownership Bus Tour aims to close the Black homeownership gap by bringing housing education, lending resources, and policy conversations directly into local communities."
"Black homeownership in the U.S. stands at 44.2%, far below the 75.1% rate for white families, with only 33% of Black millennials being homeowners."
"The eight tour cities were chosen based on localized housing data showing significant gaps between the share of Black residents and the share of mortgage originations to Black borrowers."
The National Association of Real Estate Brokers initiated an eight-city Affordable Homeownership Bus Tour to tackle the Black homeownership gap. The tour will visit cities including Philadelphia, Baltimore, and Detroit, starting April 25. Black homeownership is significantly lower than that of white families, with only 44.2% of Black families owning homes. The initiative aims to provide housing education and resources, particularly for Black millennials and women facing unique challenges. The selected cities show disparities between Black residents and mortgage originations, highlighting the need for targeted support.
#black-homeownership #housing-education #nareb #affordable-homeownership-bus-tour #mortgage-disparities
Read at www.housingwire.com
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