![](\"https:\/\/www.floridarealtors.org\/sites\/default\/files\/styles\/full_width_main_image\/public\/page\/image\/2019-11\/gettyimages-1089096668.jpg?h=a4a9c4e0&itok=-WIm9viQ\")
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NAR is working with a 100-organization group to boost Black homeownership \u2013 3M more by 2030. The coalition\u2019s \u201c3by30 initiative\u201d includes a 7-point plan. NAR VP Bryan Greene says Realtors will keep working to improve federal and local policies that help raise ownership levels.<\/span><\/span><\/p>\n<\/div>\n CLEVELAND \u2013 A group of housing and civil rights leaders announced a multi-year initiative to increase the nation\u2019s Black homeownership rate. The Black Homeownership Collaborative, a new coalition of more than 100 organizations and individuals, including the National Association of Realtors\u00ae (NAR), launched a commitment to create 3 million net new Black homeowners by 2030 through a 7-point plan<\/a>.<\/span><\/span><\/p>\n The group unveiled its \u201c3by30\u201d initiative<\/a> at an event held at Cleveland State University.<\/span><\/span><\/p>\n According to Urban Institute, the Black homeownership rate in the U.S. currently stands at 42.3%, while the national homeownership rate is 64.1%, and the white homeownership rate is 72.2%. Left unaddressed, the Black homeownership rate will fall even further by 2040, the Urban Institute projects<\/a>.<\/span><\/span><\/p>\n The Black Homeownership Collaborative identified seven areas requiring attention to make it its goal possible within nine years:<\/span><\/span><\/p>\n The coalition highlights a need for housing counseling services, targeted down payment assistance and restoration of legal doctrines and law provisions that address systemic discriminatory policies.<\/span><\/span><\/p>\n The Black Homeownership Collaborative is led by a steering committee of executives from: <\/span><\/span><\/p>\n \u201cThe persistent gap in homeownership rates among Black and white Americans illustrates how racial inequality in our society translates into wealth inequality,\u201d says Bryan Greene, vice president of policy advocacy at NAR. \u201cNAR is pleased to join this dedicated group of widely-respected organizations in the Black Homeownership Collaborative to pursue our shared goals. We look forward to continuing our work to secure federal and local-level policies which will raise Black homeownership levels, strengthen communities, and improve the American economy.\u201d<\/span><\/span><\/p>\n \u201cThe Black Homeownership Collaborative\u2019s 7-point plan mirrors the goals the National Association of Real Estate Brokers has been advancing since our inception in 1947,\u201d adds Lydia Pope, president-elect of the National Association of Real Estate Brokers. \u201cExpanding sustainable homeownership opportunities for Black Americans by eliminating disparate systemic barriers, increasing housing counseling services, and purging biased real estate industry practices represent the elements of a wealth building strategy destined for achievable success.\u201d<\/span><\/span><\/p>\n Pope says the \u201c3by30\u201d initiative \u201crequires the long-term commitment by Coalition members, committed government officials, fair-minded real estate professionals, and an even-handed financial services industry to close the racial wealth gap that serves to raise the economic futures of Black Americans.\u201d<\/span><\/span><\/p>\n For information on how the Black Homeownership Collaborative arrived at the 3 million net new homeowner goal, visit the Urban Institute\u2019s website<\/a>.<\/span><\/span><\/p>\n\n\n
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