LETTER FROM THE CO-CHAIRS
Steve O’Connor
Cy Richardson
Senior Vice President
Senior Vice President for Programs
Affordable Housing Initiatives
National Urban League
Mortgage Bankers Association
As we reflect on the first year of the Black Homeownership Collaborative and our collective commitment to creating 3 million net new Black homeowners by 2030, we understand more than ever the power of unified action to help us achieve our goals. In our first year, we have discussed and debated steps to actualizing our goals and the difficult choices of prioritization and focus. We have forged common ground on strategy and implementation on the steering committee and have found renewed energy in our workstreams and our individual strengths. No one organization can close the Black homeownership gap alone. The Black Homeownership Collaborative creates a dynamic space for diverse stakeholders to chart a course for a more equitable and just homeownership market. We are proud to be unified in our work and we are excited to see the Collaborative advance forward. This report illustrates ongoing efforts to harness our collective strengths to find solutions. We strongly believe that our framework can facilitate further discussions and help build a consensus for national and local stakeholders. It will also provide a clear direction of how to allocate resources and how to work together to reduce racial homeownership disparities. While we gather here in the city of Atlanta, approximately 177,000 Black residents in this market are mortgage-ready today. We must work to address issues from housing supply to access to down payment and stand united in our commitment to advancing opportunities for all communities to thrive and prosper. Together, we will continue to challenge and push back the barriers that Black Americans continue to face on the path to homeownership. We look forward to the impactful movement of the Black Homeownership Collaborative and extend our gratitude to all who continue to work towards a more equitable America.
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BL ACK HOMEOWNERSHIP COLL ABORATIVE
