Homeownership remains a cornerstone of the American dream. Although disparities in access to homeownership continue to persist, efforts are underway to address these inequalities.
In order to cultivate long-term change, we must also shift the collective mindset around lending to diverse communities.
There have been many laws and regulations developed to help promote both fair housing and fair lending. However, there is still a long way to go to repair the damage that systemic discrimination has caused.
Redlining is a discriminatory practice that emerged in the early 20th century and has had a significant and lasting impact on the socioeconomics of the U.S.
In today's rapidly evolving nation, companies recognize the importance of diversity and inclusion in their workforce. At New American Funding, a leading mortgage lender, we stand at the forefront of this movement, actively embracing the concept of mirroring the communities we serve.
Embrace education and trusted partnerships to navigate homeownership, with Mosi Gatling's guidance for breaking down barriers during Fair Housing Month.
In addition to those changes, HUD has also addressed and removed some systemic barriers to homeownership allowing around a quarter of a million Black homebuyers to purchase a home in the last three years.
At New American Funding, we believe in homeownership's power to build wealth and create opportunities. In this article, we pay tribute to the trailblazing individuals who played a pivotal role in dismantling discriminatory housing practices and promoting fair housing for all.
Every January, as Martin Luther King Jr. Day is observed, we at New American Funding are inspired by the enduring impact of this great leader, notably in the fields of housing and finance.
Ensuring fair housing empowers individuals and their families for generations to come. Not only does it allow people to put down their roots, but it enables them to grow their communities by giving them the stability and security they need to support their families and friends.
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