Misconceptions About Homeownership in Diverse Communities
Words and beliefs shape reality, and when narratives are harmful or disempowering, that has consequences on the communities that the narratives are about.
- May 8, 2024
- Financial Markets
Words and beliefs shape reality, and when narratives are harmful or disempowering, that has consequences on the communities that the narratives are about.
The Fair Housing Act was originally passed in April 1968, 56 years ago. Its passing was part of the Civil Rights Movement.
The gap in homeownership is not incidental. It is the direct result of governmental policies that intentionally segregated diverse communities and limited their lending opportunities.
According to the National Association of Realtors (NAR) report of the profile of home buyers in 2023 only 59% of recent buyers were married couples;19% were single women, 10% were single men, and 9% were unmarried couples. 70% of recent buyers had no children under 18 and 14% of buyers bought a multigenerational home.
Thinking about buying a home in The Natural State but don’t know where to begin? Read on to learn more about the benefits of buying a home in Arkansas, the programs and loans you can use to purchase your first home, and about how New American Funding can help you fund your dream.
Minnesota is known for ice hockey, outdoor recreation, and its vibrant Twin Cities of Minneapolis and Saint Paul. Nicknamed the Land of 10,000 Lakes, Minnesota borders the Great Lakes and has 75 state parks and areas for recreation.
NAF Pride plans to continue the work, by channeling the acceptance its members feel within NAF, into supporting the queer community and enabling queer homeownership.
According to HUD, “The obligation to affirmatively further fair housing requires recipients of HUD funds to take meaningful actions, in addition to combating discrimination, that overcome patterns of segregation and foster inclusive communities free from barrier that restrict access to opportunity based on protected characteristics.”
Arizona is known for its natural beauty, with breathtaking landscapes that include the Grand Canyon, Sedona's red rocks, and the Sonoran Desert.
The state of Louisiana has one of the most diverse cultures in the Southern United States. A blend of African, Spanish, French, and Indigenous influences, Louisiana is known for its food, festivals, and music.