A YEAR IN REVIEW ADDRESSING THE RACIAL HOMEOWNERSHIP GAP NATIONAL HOUSING CONFERENCE

The National Housing Conference (NHC) is proud to help lead this initiative to create 3 million net new Black homeowners by the end of 2030. It’s an audacious goal, but achievable if we all work together to change the many barriers that still exist for Black first-time homeowners.

Homebuyer Education

The Black Homeownership Collaborative launched the first consumer-oriented version of the 3by30.org website on Juneteenth 2022 in Atlanta, Georgia. Multi-generational first-time homebuyers have parents and close family that can serve as trusted and experienced advisors throughout the homebuying process. First-generation homebuyers, however, lack these resources. The 3by30 website serves as a virtual advisor, providing trustworthy guidance to homebuyers; and connects users with real estate professionals, HUD-approved counseling agencies, and lenders.

› 3by30 Affordability Calculator.

The Collaborative worked with homeownership counselors and financial services experts to develop an affordability calculator that provides consumers with the information they need without defaulting to a downpayment they can’t afford. Rather than asking the consumer to guess their downpayment, this interactive calculator starts with the homebuyer’s existing savings and other downpayment resources to calculate the home price that is within their price range.

› Professional guidance. We are excited to announce an expansion of our real estate professionals, lenders, and homeownership counselors within 11 markets across the United States. No matter where a potential homebuyer may be in their journey, 3by30.org provides individuals with trusted advisors all in one place.