As a member of the National Associations of Real Estate Brokers, I am pleased to share one of the many great initiatives currently launched by NAREB, the 2 Million in 5 Initiative (2MN5). This initiative focuses on 2 million new black homeowners nationwide in 5 years. It was created out of a response to the State of Housing in Black America report that discusses the stark difference in homeownership rates between blacks and whites. The current disparity (42% black vs 71% white) is yet another indicator of the inequities faced by black Americans but provides an amazing opportunity to be a part of this lofty objective proposed by NAREB.
Visit the NAREB website to learn more about 2MN5. You can read the report on the state of black homeownership and the objectives set by the organization to support NAREB’s motto of ‘Democracy in Housing’. In addition, you can read about why an increase in black homeownership matters. Contact Bascomb Real Estate Group to be 1 of the 2 million new black homeowners by 2023!