The Black Homeownership Collaborative Plan for Three Million New Black Households by 2030

Black homeownership has plummeted since the Great Recession.   Systemic racism, equity stripping, and a significant loss of affordable housing are just a few reasons for this declination in Black homeowners throughout the US.   The National Housing Resource Center has joined with the National Housing Conference, the National Association of Real Estate Brokers, the National Fair Housing Alliance many other organizations working collaboratively through the Black Homeownership Collaborative to ensure that there are 3 million new Black homeowners by the year 2030.  To do this, a 7-point plan has been devised that will address several key areas that have caused Black homeownership to continually plummet since the end of the Great Recession. Over one hundred housing leaders that span the political spectrum in areas of housing advocacy and industry recommend seven “tangible, actionable, and scalable” steps that will aid in addressing the gap in housing disparities between Black and white homeowners.  As this is just the beginning in bringing Black homeownership to “levels never previously attained”, they are assured that these steps will lead to new strategies as this plan unfolds. The National Housing Resource Center (NHRC), HomeFree-USA, and NeighborWorks America co-chaired the Downpayment Assistance and the Housing Counseling Workstreams.   To read this plan in detail, click here. Homeownership Counseling – Providing homeownership counseling helps to close the gap in many of these areas by getting much-needed information to would be Black homebuyers.  The plan calls for sustained funding for housing counseling and strategies to get homebuyers and homeowners to housing counseling programs early in the process. Downpayment Assistance – Discriminatory housing policies and growing racial wealth gaps play a major role in many Black and Brown families not having much needed resources to save for [...]

Proposal for the New Covid-19 Housing Counseling Funding Program

National Housing Resource Center was instrumental in ensuring that the Biden Administration include funding for housing counseling in the American Rescue Plan Act.  We are incredibly happy that $100 million was added because of our advocacy and that the funds were designated to flow through NeighborWorks America as was done with the National Foreclosure Mitigation Counseling (NFMC) program during the financial crisis.  While the NFMC program was incredibly helpful and made it possible for housing counseling agencies to build capacity and meet the needs of consumers, there were lessons housing counselors learned which could strengthen new programs.  We convened a working group of thirty-eight (38) housing counseling leaders to discuss best practices from the NFMC program and review what needed to be done differently.  As a result, we were able to submit a comprehensive list of proposals to NeighborWorks America for the design of the Covid-19 Housing Counseling Funding.  The full list of proposals can be found here.   Below are a few key highlights. A program can only be properly distributed with adequate administration. This is also true with distributing housing counseling services to any community. The working group believes that there should be adequate support for administrative costs to both subgrantees and intermediaries. NeighborWorks America should prioritize direct funding to agencies for the services they provide over funding for program research and staff training for the first $100 million. We strongly support analytic reviews of the work and staff training but suggest that funding for this comes from later COVID 19 funding.  Agencies need funding now to expand capacity and deliver services to consumers in need. The working group recognized that smaller agencies would receive lower funding allocations even though their capacity building may [...]

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