Today, the Black Homeownership Collaborative (BHC) meets in Georgia to discuss strategies and solutions aimed at increasing homeownership for the 177,000 mortgage-ready Black millennials in the Atlanta area.
In 2021, on the first federal Juneteenth holiday, Department of Housing and Urban Development Secretary Marcia Fudge announced the BHC in Cleveland, using the holiday to recognize the history of racial segregation in America and the intention to change harmful housing policies against the black community. BHC outlined its seven-point plan to create 3 million net new black homeowners by 2030.
BHC says it will launch a consumer-facing website that makes it easier for potential first-time homebuyers to assess their readiness for homeownership, learn about the process from a trusted source, and be connected to a housing counselor or homeownership advisor. In addition, mortgage-ready homebuyers will be directly connected with a list of real estate professionals and mortgage lenders.
Today, Georgia is home to 2.2 million community association residents living in the state’s 11,000 condominium communities and homeowners associations.
“We applaud the Black Homeownership Collaborative for its initiatives, and we believe that by actively cultivating diversity in homeownership, our communities and neighborhoods will benefit from a vastly richer mix of ideas, perspectives, and life experiences that expand our thinking and our possibilities,” says Thomas M. Skiba, CAE, CAI’s chief executive officer.”
CAI is committed to making diversity, equity, and inclusion a core aspect of the community association housing model.
In 2021, to help communities prevent and address discrimination complaints, CAI released the Diverse and Inclusive Communities Guide, whichincludes an equality commitment for communities to adopt, a nondiscrimination policy, harassment education and policy, and more.
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