Homeownership for all people is at the forefront of the work I do and increasing Black homeownership is pivotal to that work.  With Black’s at 41.7%, trailing non-Hispanic White’s at 73.1%, the gap continues to widen, and my focus continues to narrow on closing it.

This is one of the many reasons I am proud to be a member of the National Association of Real Estate Brokers who continue to champion 2 Million in 5 Years (2Mn5), the program to increase Black homeownership by 2 million people.  In keeping with that spirit, NAREB has signed a Memorandum of Understanding (MOU) with United Security Financial, a minority-owned mortgage company that will provide $50 million in down payment assistance to black homeowners!

These funds will provide much-needed assistance to those who may not otherwise have access to financial resources to purchase a home across this county. This fund is available for down payment assistance in the next 12 months for those looking to purchase a home and work with a Realtist, such as Bascomb Real Estate Group to support you in finding your new home!  Click the link to read about this groundbreaking project and contact us today!

National Association of Real Estate Brokers 2 million black homeowners in 5 years (2Mn5) continues to be high on my agenda. Through 3rd quarter 2018, we helped 8 new black homeowners in King & Pierce Counties! With 5 additional families upgrading and/or downgrading their homes with new purchases!

We are committed to fair housing for all and have helped to increase overall homeownership in the region with families of many other ethnicities!  Homeownership is the number one vehicle for stability and wealth building in this country, with a family’s primary home being their number one and most valuable asset.

With fall upon us and a stable real estate market, now is the time to continue the trend of increasing homeownership in the region, particularly among black families. We are committed to our community.

So, contact Bascomb Real Estate Group and National Association of Real Estate Brokers to count yourself a new homeowner in 2018-2019 and one of the 2Mn5!

The National Association of Real Estate Brokers celebrated 71 years of amazing housing advocacy work and commemorated 50 years of the Fair Housing Act this past weekend in Atlanta, GA. The energy was palpable as we discussed the work that still needs to be done to ensure Democracy in Housing for all, especially the state of housing in Black America!

Present at the conference were civil rights icons Xernona Clayton and C.T. Vivian, and fair housing stalwarts Henry McKinley ‘Mickey’ Michaux and William T. Robie. The conference was 3 days of energized conversation and practical next steps to ensure we are not having the same conversation in 50 more years. Because make no mistake, we are actually worse off than before. Prior to the passing of the FHA, black homeownership was at a low of 42%.

What is really the problem?

As of the first two quarters of 2017, the rate was slightly over 42%*. The question was asked, was it really legislation that needed to be changed? Or the mindset of our society and the persistent engrained racism that perpetuates itself in the disenfranchisement of an entire race of people? That was a question that I had never pondered. Yes, we need laws in place to ensure racism is dealt with on a federal and local level. All things considered, changes really need to happen in the hearts of people. These numbers clearly reflect this. Also, even with laws in place, the numbers haven’t changed. Even with laws in place for 50 years, we have seen no significant change. 

Read the State of Housing in Black America, this report gives a clear picture of the history of the state of black housing since the passing of the FHA and the many economic shifts that have affected black wealth and in turn, black homeownership. Contact Bascomb Real Estate Group for all your real estate needs, we are here for you! #2Mn5, #democracyinhousing, #bascombrealestate