How Down Payment Assistance Can Transform Black Homeownership
Atlanta, GA, February 4, 2021 — Down Payment Resource (DPR) is proud to announce the National Association of Real Estate Brokers (NAREB) as the 2020 recipient of the Beverly Faull Affordable Housing Leadership Award.
The award, named in memory of accomplished real estate veteran Beverly Faull, recognizes an individual or organization that has demonstrated leadership in providing more access to homeownership and affordable housing finance solutions. Faull was a well-respected veteran in the MLS and housing industry and one of DPR’s first employees.
“It’s an honor each year to celebrate Beverly’s passion for affordable housing, education and access to down payment assistance programs. NAREB is an industry leader, helping to keep this important housing mission in the forefront where it belongs,” said Rob Chrane, CEO of Down Payment Resource.
Founded in 1947, NAREB is the oldest professional organization for Black and minority real estate professionals. Their mission is “Democracy in Housing”, and their policy agendas and recommendations are focused on eliminating the barriers to Black homeownership and improving the community at large.
One of many notable efforts is the annual State of Housing in Black America (SHIBA) report. First published in 2013, the SHIBA report focuses on a range of issues impacting the Black community, from restructuring the mortgage financing available to Black families to providing financing for broad based community revitalization and unemployment.
Since their inception, NAREB has been influential in significant policy achievements and reframing the narrative on homeownership for future generations. Last year, NAREB launched a national campaign to educate GenX, millennials, GenY and GenZ’s on the value of creating generational wealth through homeownership. DPR partnered with NAREB to add the DPA Downpayment Widget to the NAREB website with a goal of providing potential homebuyers access to down payment help in their markets.
“NAREB’s passion for promoting homeownership in underserved communities is transforming the affordable housing industry. Innovative campaigns, such as the millennial marketing program, are making a measurable impact in Black communities across the country,” said Chrane.
The award includes a financial donation by DPR to the recipient’s housing non-profit of choice. NAREB National Executive Director, Antoine Thompson, will work with his team to determine how best to use the funds to support their ongoing mission.
“NAREB is honored to be the 2020 recipient of the Beverly Faull Affordable Housing Leadership Award. Our continuing goal is to ensure equality and opportunity for Black Americans in their pursuit of affordable and sustainable homeownership. We promote the wisdom and economic advantages of building wealth through homeownership and are providing the tools as well as the educational guidance to begin the process through closing. We have a very special charge to preserve and push forward Democracy in Housing for Black Americans,” said Antoine Thompson.
To learn more about NAREB and their commitment to affordable housing, visit NAREB.com.
Download the full press release.
Learn more about this annual award and how DPR gives back.
Are you an industry professional? Download our latest Down Payment Report for the data and news on first-time homebuyers and residential down payments.