The Black Homeownership Collaborative identified seven areas requiring attention to make it its goal possible within nine years: 1) homeownership counseling 2) down payment assistance 3) housing production 4) credit and lending 5) civil and consumer rights 6) homeownership sustainability, and 7) marketing and outreach. Left unaddressed, the Black homeownership rate will fall even further by 2040, Urban Institute projects. The national homeownership rate is 64.1%, while the rate for whites stands at 72.2%. Tim Ryan (D-Ohio).Īccording to Urban Institute, the Black homeownership rate in the U.S. Department of Housing and Urban Development Secretary Marcia Fudge, Sen. The group unveiled the “ 3b圓0” initiative at an event held at Cleveland State University that featured remarks by U.S.
The Black Homeownership Collaborative, a new coalition of more than 100 organizations and individuals, launched a commitment to create 3 million net new Black homeowners by 2030 through an ambitious 7-point plan.
ETĬleveland - A group of housing and civil rights leaders today announced a multi-year initiative to significantly increase the nation’s Black homeownership rate. Editor’s Note: The Cleveland State University event at which this announcement is made today at 1 p.m.
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