Fair Housing Is More Than Just Words
Dear Fair Housing Partners:
Happy Fair Housing Month! As fair housing practitioners your work is essential to ensuring equal access and fair housing opportunities for all.
In February of this year, NFHTA held a Black History Month Forum on the topic of housing segregation. During the event, I asked individuals like you to commit to building cultural competencies regarding the Black experience in this Nation. Developing empathy and understanding is just one way that we all can live this year’s Fair Housing Month theme, Fair Housing is More Than Just Words.
Now, I ask you to think about another way that Fair Housing Is More Than Just Words – that is your role in narrowing the homeownership gap along racial lines. Homeownership remains the biggest driver of our Nation’s wealth gap, with wide racial and ethnic disparities in homeownership rates and the financial return associated with owning a home. The median white family holds eight times the wealth of the average Black family and five times the wealth of the average Latino family. These sobering statistics should alarm us all as investing in a piece of this great Nation through homeownership - and knowing that the appraised value of a home is just – is essential to achieving the American Dream.
HUD is proud to have recently published an Action Plan detailing real changes government is taking to enhance oversight and accountability of the appraisal industry and to empower homeowners and homebuyers to take action when they receive a valuation that is lower than expected. We are also proud that earlier this month, we engaged you in a conversation on another key tool in the arsenal to ensure equity – that is Special Purpose Credit Programs. In the coming days, look to NFHTA’s website to view the recording and materials from this engaging event.
Finally, I encourage you to view FHEO’s virtual Fair Housing Month Opening Ceremony and to view more Fair Housing Month content on our HUD website.
Wishing you all a purposed and happy Fair Housing Month and year ahead.
Demetria McCain
Principal Deputy Assistant Secretary, FHEO
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