Financial Empowerment & Wellness Day In Newark
WASHINGTON, D.C. – April 24, 2015 – (RealEstateRama) — “Despite the steady growth in the U.S. Economy, African-American homeownership rates lag behind White-Americans,” states Donnell Spivey, President of the National Association of Real Estate Brokers.
The National Association of Real Estate Brokers (NAREB) will host a group of distinguished guests and panelists in a much-needed, solution-based discussion,” the State of Housing In Black America (SHIBA) on Saturday, April 25, 2015, from 9am to 3pm, at the Priory, 233 W. Market Street, Newark, New Jersey. Since the 2007 financial crisis, the homeownership disparity gap for African Americans has grown almost exponentially. The Newark program is attached for your review and is focused on financial wellness that educates the entire family:
Tract #1: Potential Homebuyers/Consumers;
Track #2: Homeowners/Seniors/Veterans; and
Track #3: Youth (7-18) and College level students.
Mr. Donnell Williams, NAREB 2nd Vice President and a real estate expert from New Jersey stated, “These SHIBA events help provide real-life solutions for African-American consumers, homeowners, real estate professionals and policy makers.”
President Spivey issued the following comments at the meeting, “Higher credit scores for mortgages have forced many of our buyers into renting. While good for the rental market, these trends are making it more difficult for Americans to own homes. If a person can pay high rent then they can also pay a mortgage. But, paying high rent hinders them from saving money for a down payment on a home.”
NAREB, was founded in 1947, and has over 90 chapters in more than 34 states. The organization is committed to ensuring sustainable homeownership and “Democracy in Housing.” Over the last three years, NAREB has sponsored over 20 State of Housing In Black America (SHIBA) related events in more than 20 U.S. cities.
For more information on the event, please call C. Renée Wilson at (713) 480-5046.
Contact: C. Renee Wilson