A Black community has always faced a unique set of housing-related concerns and the National Association of Real Estate Brokers, Inc (NAREB) is hosting a State of Housing in Black America Issues Forum (SHIBA) in Atlanta, Georgia to this weekend to help the Black community get a handle on the issue and there are a lot of things that have occurred in the Black community relating to the housing crisis that many people simply are not aware of said, NAREB President Julius Cartwright.
That's why we are anxious to share all of our research data, and have a productive dialogue with the public in that people will understand the ongoing impact of a mortgage fall out in Atlanta and in other communities across the nation to our ultimate goal is to offer solutions that will empower people to make informed decisions that will preserve and protect the legacy of our neighborhoods and community to the NAREB’s concerns are backed by cold, hard facts. According to U.S Census Bureau data, in 2010 national homeownership among African Americans hovered at only 45 percent in compared to a white homeownership rate of 71 percent.
Furthermore, the Center for Responsible Lending estimates that among recent homebuyers, nearly 8% of African-Americans have lost their homes to foreclosures, compared to 4.5% of whites in Atlanta, specifically, a city that is 54 percent Black, one area measuring just 1.7 miles has a startling foreclosure rate of 40 percent in addition to interactive discussions and town hall-style meetings with industry professionals, as well as local and national political and community leaders, the event will feature an address by Rev. Dr. Otis Moss, Jr., Pastor Emeritus of the historic Olivet Institutional Baptist Church in Cleveland, Ohio, who will offer an historical perspective on the mortgage crisis in minority communities.
That's why we are anxious to share all of our research data, and have a productive dialogue with the public in that people will understand the ongoing impact of a mortgage fall out in Atlanta and in other communities across the nation to our ultimate goal is to offer solutions that will empower people to make informed decisions that will preserve and protect the legacy of our neighborhoods and community to the NAREB’s concerns are backed by cold, hard facts. According to U.S Census Bureau data, in 2010 national homeownership among African Americans hovered at only 45 percent in compared to a white homeownership rate of 71 percent.
Furthermore, the Center for Responsible Lending estimates that among recent homebuyers, nearly 8% of African-Americans have lost their homes to foreclosures, compared to 4.5% of whites in Atlanta, specifically, a city that is 54 percent Black, one area measuring just 1.7 miles has a startling foreclosure rate of 40 percent in addition to interactive discussions and town hall-style meetings with industry professionals, as well as local and national political and community leaders, the event will feature an address by Rev. Dr. Otis Moss, Jr., Pastor Emeritus of the historic Olivet Institutional Baptist Church in Cleveland, Ohio, who will offer an historical perspective on the mortgage crisis in minority communities.
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