The U.S. Department of Housing and Urban Development’s Office of Housing Counseling revealed that the millions in available grants will help expand housing counseling services and provide comprehensive financial literacy, homeownership, and affordable housing support to underserved communities.
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In an effort to complement the initiatives outlined in the FHFA’s Strategic Plan: Fiscal Years 2022-2026, adjustments have been made based on initial research and findings to further promote equitable access to affordable and sustainable housing.
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The National Association of Real Estate Brokers has released its “State of Housing in Black America Report,” which aims to provide a comprehensive annual analysis of Black homeownership and the historic barriers they face when seeking to purchase a home.
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As the industry makes strides to increase homeownership for marginalized individuals, the mortgage finance space must keep pace to meet the needs of this group by enhancing its DEI efforts.
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