NAREB’s President Donnell Williams on remedying inequalities in Black homeownership
June 26, 2020
Subscribe
In today’s Daily Download episode, HousingWire interviews the National Association of Real Estate Brokers President Donnell Williams about the organization’s mission as well as a recent town hall meeting the association conducted on Thursday to gauge strategies that are aimed to increase Black homeownership.
For some further background on the episode, here’s a summary of what Donnell Williams had to say in this article:
In a town hall meeting hosted by the National Association of Real Estate Brokers on Thursday, members of the real estate community came together to discuss inequalities in Black homeownership and how to remedy them.
Strategizing Black homeownership, down payment assistance and fair housing were just some of the topics brought up in the hour-long video discussion. Another large portion of the conversation was directed to Black homeowners with mortgages underwater.
Nikitra Bailey, executive vice president at the Center for Responsible Lending, said that Black homeowners lack the same amount of equity as white homeowners due to being in an underwater mortgage, owing more than the home is worth.
“We are at a point of reckoning in our country,” Bailey said. “Our nation’s discriminatory practices and how they are at the root of many of the injustices that we see people, leading protests calling for repair for, we know that the COVID-19 pandemic is falling disproportionately on Black communities because of the structural discrimination. So structural and historic discrimination has left our families more vulnerable.”
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.
HousingWire articles covered in this episode:
