National Association Real Estate Brokers President Donnell Spivey Calls For Federal and State Assistance to Protect Homeowners in Baltimore
Baltimore, Maryland – May 4, 2015 – (RealEstateRama) — Today, May 1, 2015, Donnell Spivey, a native of Baltimore, Maryland and the National President of the National Association of Real Estate Brokers (NAREB), the oldest association of black real estate professionals with over 90 chapters in 34 States is calling on the federal government to assist property owners in the city. As an owner of Exit Spivey Professional Realty in the Baltimore area, President Spivey has his hands on the pulse of the local real estate market.
President Spivey, stated “I am calling on the Maryland State Attorney General, the United States Attorney General, the United State Consumer Protection Bureau, and the U.S. Department for Housing and Urban Development to develop a taskforce to assist new and existing property owners in the City of Baltimore. Since the protests and civic unrest surrounding the death of Freddie Gray there have been rumors of insurance companies cancelling property insurance policies in the Baltimore area. Additionally, prospective buyers have refused to purchase property in some neighborhoods. Therefore, NAREB is requesting that U.S. Attorney Loretta Lynch and Maryland State Attorney General Brian Frosh ensure that price gouging and discriminatory business practices are not taking place amongst contractors, banks and insurance companies servicing the people and communities of Baltimore”.
On Thursday, May 7th, at 11am First Shiloh Baptist Church located at 2100 N. Monroe Street, Baltimore, Maryland, Spivey will join with local and national leaders to recommend changes on how to improve homeownership, employment and community development opportunities in Baltimore neighborhoods.
“The negative economic impact of the Freddie Gray incident has taken a toll on the families, businesses, faith-based and community institutions in the city which requires immediate assistance from the local, state, and national governments, “ stated NAREB President Spivey.
If you have a question, please feel free to call me at (301) 552-9340.