The National Association of Real Estate Brokers (NAREB) and the National Association for the Advancement of Colored People (NAACP) announced a partnership to increase black homeownership.
“NAREB stands together with the NAACP in this commitment to our members, leaders, and most importantly, our clients and constituents, with the goals, objectives and initiatives outlined in this memorandum of understanding,” said NAREB President Donnell Williams, who added that the agreement will provide a framework for successful collaboration. “We must work together to organize and strategize our efforts.”
The signing follows a six-month increase in black homeownership rates, according to information from the U.S. Census Bureau, from 40.6 percent in the middle of 2019 to 44 percent by the end of the year. Among the commitments the organizations made are:
- Collaboration on NAREB’s two million new black homeowners in five years program,
- Collaboration on NAREB’s “House Then the Car” initiative,
- Collaboration on development and retention programs designed to increase and keep increased homeownership levels
- Development and use of recurring, multi-media, public information and marketing campaigns that will increase black homeownership and awareness of its opportunities and benefits.
