Homeownership

NNPA NEWSWIRE — As floodwaters and the after-effects of Hurricane Ida ravaged Louisiana, Mississippi, and eventually wreaked havoc in the northeast, FEMA officials announced that there will be significant changes in how they verify the ownership status of disaster relief applicants, noting that the objective in making the changes is to better assist applicants whose property was inherited without a will.

NNPA NEWSWIRE — There are many advantages and disadvantages to gentrification, but many poor people will be displaced, and this is a reality of doing business now in America. This is taking place in all the major cities across the country, and the projects and partnerships will continue to grow and prosper. As more affluent people move back to the cities, property values increase, and occupancy rate increases.

NNPA NEWSWIRE — During and exclusive interview with the National Newspaper Publishers Association, Senior Advisor to the President and Director of the White House Office of Public Engagement, Cedric Richmond, says that the deliberate misinformation published by news outlets and posted on social media is meant to undermine the President and Democrats. Notably, the dubious accounts aim to suppress the Black vote further, Richmond declared.

NNPA NEWSWIRE — “The American Fintech Council is excited and grateful that each of these women are joining our effort to help build a financial services industry that is more inclusive and diverse,” said Garry Reeder, AFC CEO. “Their leadership will benefit the fintech industry and the consumers that we serve.”

NNPA NEWSWIRE — “Just like 2020, we will remember as the year of the pandemic, the year when racial inequities were brought to the forefront in so many ways,” said National Low-Income Housing Coalition (NLIHC) President and CEO Diane Yentel. “I think 2021, if we get this Build Back Better bill right, 2021 could be the year we look back as the year we began to end homelessness in our country once and for all.

NNPA NEWSWIRE - “By guaranteeing affordable mortgages for White families and excluding Black families or limiting Black families to purchase in less economically advantageous neighborhoods, the government created, encouraged, and reinforced intense residential racial segregation throughout the nation,” said Richard Rothstein, NAACP Legal Defense and Educational Fund, Inc.’s Senior Fellow Emeritus. “White flight,” or the creation of White suburbs, was also undergirded by massive federal investments in the construction of the interstate highway system. The federal government often took possession of homes and land in Black communities by claiming eminent domain in order to construct highways as physical barriers between White neighborhoods and areas with a large presence of African Americans or communities of color.”

AFRO - Recently on social media, I shared a USA Today story about a Black female homeowner in Indianapolis who suspected the value of her house was grossly undervalued. So, on the third try, she had a White friend stand in for the third appraisal. The result? Carlette Duffy’s home was valued at $259,000. When she was present, appraisals came in at $100,000 and $125,000

NNPA NEWSWIRE — Major said the mission of House Tur Investments, LLC, is to alleviate investors’ concerns with the loan process so they can focus efforts on real estate investment properties. The company leads its investors through the acquisitions process to the sale of the property.

NNPA NEWSWIRE — During Black History Month, and throughout the year, it’s important to acknowledge the challenges the Black community faces when it comes to homeownership and racial equity, and also acknowledge the important work that remains. That’s especially true considering how far behind the homeownership rate for the Black community lags compared to other communities in America, and how important owning a home is to achieving the American Dream and building long-term wealth.