Empowering Black Communities through Homeownership and Education at NAREB’s Atlanta Event

Saturday, November 16, 2024
10:00 a.m. – 3:00 p.m.

New Birth
6400 Woodrow Road at Bishop Eddie L Long Parkway
Stonecrest, GA 30038

Register Here

About The Tour

The National Association of Real Estate Brokers (NAREB) has launched its initial Building Black Wealth Tour with events in more than 100 cities nationwide. The events, which include festive activities for youths, empower Black communities with steps towards homeownership, property investment, starting a business, and other wealth-building opportunities.      

Working with the African American Mayors Association and the National Bar Association,

NAREB will sponsor events in cities nationwide over the next two years. Each event will include classes, workshops, and one-on-one counseling on homebuying, investing, credit, and careers in real estate.  The tour has held events in Houston, Birmingham, and Charlotte. There are upcoming events in 2024 in Mt. Vernon (4/13/24), Little Rock 6/8/24), New Orleans (8/3/24), and Atlanta (11/9/24). In 2025, events are scheduled in Miramar (3/25), Beverly Hills, MO (6/25) and Los Angeles (8/25). 

On April 13, NAREB collaborates with the Church Of God In Christ, Inc.  (COGIC) and other partners to host National Building Black Wealth Day. In more than 100 cities, seminars and one-on-one sessions will empower communities with steps towards homeownership, property investment, starting a business, and other wealth-building opportunities.  An internet feed will make virtual sessions and online conversations accessible to a national audience.

Across the country, local wealth-building events will coincide with COGIC’s Presiding Bishop’s 100-City Community Impact Day. The Church Of God In Christ, a Christian organization in the Holiness-Pentecostal tradition, is the largest Pentecostal denomination in the United States.  Other NAREB partners include the African American Mayors Association, the National Bar Association, and Delta Sigma Theta Sorority.

“The time for action on Black Wealth is now,” exclaimed NAREB President Dr. Courtney Johnson Rose at a Black Wealth Tour Rally during Congressional Black Caucus Weekend.  “NAREB is urging our Black communities to take the journey towards wealth. Come to our events in your city and learn what you need to purchase a home.  We are helping Black families overcome the biased public policies and private practices that created the vast wealth gap in America today.”    

Dr. Rose noted that the Federal Reserve says, on average, Black families own about 24 cents for every $1 of White family wealth.  Homeownership, a critical component of Black wealth, declined for Blacks every quarter since the pandemic, leaving Blacks with the lowest percentage of homeowners in America. Despite the contributions of the 1968 Fair Housing Act, 55 years later, the racial homeownership gap has widened. In 1960, 38% of Blacks owned homes, while White homeownership was 65%, a 27-point gap. Today, the gap is nearly 30%, the most extensive spread since 1890.

Yet, the NAREB State of Housing in Black America (SHIBA) report says there are more than two million mortgage-ready Black Americans. These families and individuals have the credit and income to qualify for a home mortgage. The NAREB Building Black Wealth Tour will go to communities nationwide, find these families and individuals, educate them, and inspire them to build wealth. “Systematic racism has plagued our communities and impeded our ability to gain wealth,” Dr. Rose said. “but we can overcome these challenges by working together.” 

“The Black community has lacked the resources of other communities, and our goal is to end disparities and help Black communities thrive,” Dr. Rose said. The Building Black Wealth Tour will provide critical data, information, and advice to community members. We will ensure that community members know about homeownership opportunities, heirs and estate property, real estate investing, and cutting-edge tools that can help them take the next step.”

Keywords: NAREB, Community Wealth Building, Black homeownership, Atlanta., Real estate

#Homeownership #BlackExcellence #RealEstateGoals

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