Across metropolitan America, housing prices are lower where the Black population share is higher. Over 3.2 million owner-occupied homes in Black-majority neighborhoods across America have been collectively devalued by $156 billion. The devaluation of homes in Black-majority neighborhoods is a systematic and nearly ubiquitous failure. Addressing the current devaluation and preventing future devaluation requires structural innovations in public policy and private markets. It is time for change. It is time for innovative solutions. It is time for a new generation of structural innovations that enable homeowners in Black-majority neighborhoods to realize the value and appreciation of their assets. Valuing Homes in Black-Majority Neighborhoods is a far-reaching effort of the Brookings Metropolitan Policy Program and Ashoka’s Economic Architecture Project to find solutions for housing devaluation. We will map the most promising innovations from across the country and invite participants to a collaborative challenge with up to $1 million of prize funds. We are looking for people who are proximate to the problem of home devaluation and have a market- or policy-based innovation. If that is you, or if you’re interested in supporting change and offering your solutions to the problem, we want to hear from you.
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The Urban Institute is the trusted source for unbiased, authoritative insights that inform consequential choices about the well-being of people and places in the United States. We are a nonprofit research organization that believes decisions shaped by facts, rather than ideology, have the power to improve public policy and practice, strengthen communities, and transform people’s lives for the better.
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The National Housing Conference is dedicated to ensuring safe, decent and affordable housing for all in America. The National Housing Conference is a member of the Black Homeownership Collaborative.
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The National Association of Minority Mortgage Bankers of America (NAMMBA) is a national trade association dedicated to the enrichment and betterment of women and minorities who work in the real estate finance industry. As an association, we will seek to partner and leverage our relationships to provide training, education and career development resources to the real estate finance industry which align and support sustainable home ownership in communities across the country. NAMMBA’s members work in all segments of the real estate and real estate finance industry while serving in sales, operations, servicing and real estate capacities within their respective organization. NAMMBA members are from diverse backgrounds as the organization is all inclusive. A board of directors and corporate advisory board govern NAMMBA and include highly successful practitioners, entrepreneurs, and government.
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The National Association for the Advancement of Colored People is a civil rights organization in the United States, formed in 1909 as an interracial endeavor to advance justice for African Americans by a group including W. E. B. Du Bois, Mary White Ovington, Moorfield Storey and Ida B. Wells.
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The Greenlining Institute believes that housing needs to be de-commodified and understood as a human right, because equitable housing will lead to greater health and economic security for all. We endeavor to advance a statewide housing agenda that builds wealth and assets for communities of color through homeownership, community-led innovation, and security and stability for renters.
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TechEquity Collaborative envisions a world where the growth of the tech industry creates economic prosperity for everyone, and where tech sector employees and companies are engaged and active participants in making our economy equitable. They mobilize tech workers and companies to advance structural change in housing and workforce & labor to address economic inequality at its core.
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The single-family products from Freddie Mac make homeownership more accessible and affordable. Keeping mortgage capital flowing is their business in the secondary mortgage market. Thwy acquire mortgage loans from lenders so they can then lend to qualified borrowers.
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Sacramento Housing and Redevelopment Agency has launched a comprehensive program designed to raise awareness and dispel the myths of purchasing a home in the Greater Sacramento Region. The Community Homeownership Initiative program is a partnership effort consisting of the Sacramento Housing and Redevelopment Agency, Federal Home Loan Bank of San Francisco, Sacramento Realtist Association, and MUFG Union Bank. While this initiative is open to anyone, this effort provides expanded outreach to increase the homeownership rate in the Greater Sacramento Region for African American prospective home buyers.
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Ninety to Zero provides a roadmap for companies and organizations to drive change now, and acts as an engine for continued collaborative learning and growth. Leading CEOs and Executive Directors across all pillars of our nation’s economy are moving together, guided by experts, to transform the economic landscape and drive racial equity.
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