Financial Management
10th Annual Community Wealth Building Day Helps Jacksonville Residents Find Dream Home
JACKSONVILLE FREE PRESS — In honor of Fair Housing Month, the (JAREB) hosted a free event aimed at empowering individuals and families through home ownership. Community Wealth Day was held at Edward Waters College. The day featured an interactive marketplace with educational and employment opportunities in home buying. Attendees received giveaways, hands-on learning about purchasing a home, including guidance in understanding credit, credit counseling, and credit repair.
By Carla Jones
In honor of Fair Housing Month, the (JAREB) hosted a free event aimed at empowering individuals and families through home ownership.
Community Wealth Day was held at Edward Waters College. The day featured an interactive marketplace with educational and employment opportunities in home buying. Attendees received giveaways, hands-on learning about purchasing a home, including guidance in understanding credit, credit counseling, and credit repair.
The event was part of Realtist Week, which commemorates the landmark passage of the Fair Housing Act of 1968. This federal legislation made it illegal to discriminate in housing based upon race, color, sex, national origin, religion, familial status, or disability.
According to the U.S. Census Bureau, home ownership for Black Americans has been on a steady decline since 2004 when it reached its peak of nearly 50%. As of the fourth quarter ending 2017, the Black home ownership rate hovered nationally at 42.1% compared to the non-Hispanic White homeownership rate of just above 72.7%.
The term Realtist originated when, during segregation, The National Association of Realtors denied membership to African American real estate professionals. In response, The National Association of Real Estate Brokers (NAREB) was formed in 1947 to secure the right to equal housing opportunities for all regardless of race, creed, or color. NAREB members are called Realtists.
###
ABOUT Jacksonville Association of Real Estate Brokers (JAREB) is the local chapter of the National Association of Real Estate Brokers (NAREB), the country’s oldest, minority real estate trade association. Established in 2010, JAREB is a network of 50+ members from multiple disciplines in the real estate industry. For more information, please visit http://www.jacksonvillerealtist.com.
