The Consolidated Board of Realtists is teaming up with the West Angeles Community Development Corporation for H.O.M.E. Fair – Home Ownership Made Easy. It’s a free community event that is part of the national organization’s initiative to create two million new minority homeowners in the next five years.
At the fair, you’ll be able to attend educational seminars, listen in on panel discussions, win door prizes and enjoy live music. There’s a lot for the kids to do too, including games and face painting. Experts from Citi Bank, Wells Fargo and Union Bank will be on hand as well to answer our questions about financing and programs that are available to help you buy a new home or refinance the one you have.
Anna Moore, president of the Consolidated Board of Realtists and board member Stan Jackson stopped by The WAVE to talk about the HOME Fair, the work they’re doing with the board and an exciting event happening this August in Long Beach.
Anna and Stan explained the difference between a realtor and a realtist, since I had never heard of the later before my introduction to their organization. Stan explained that back in 1949, blacks were not allowed to sell real estate and couldn’t be admitted to the National Association of Realtors so they called themselves realtists and started their own organization. Anna and Stan are both real estate professionals who focus on providing more opportunities for people of color to own their own homes. The organization’s objectives are to educate our community about generating wealth through home ownership and to help the national organization’s goal of creating two million new homeowners in the next five years. African American home ownership is the lowest of all ethnic groups.
A lot of people think it’s better to rent so the challenge is to give people the tools they need, like financial and credit literacy. They want to meet the educational needs of homeowners, especially when it comes to purchasing and maintaining our homes. There are a lot of organizations that are already doing the work, so the Consolidated Board of Realtists encourages collaboration. That’s why they’re teaming up with concerns like the West Angeles Community Development corporation and Lori Gay’s Neighborhood Housing Services of LA County. Anna says some of the biggest issues to improve are accessing capital, red lining and improving credit ratings.
The HOME Fair this Saturday will showcase title companies, escrow companies, real estate offices, banks, local loan brokers and more. The national organization is also holding its 69th Annual Convention this year in Long Beach from August 12-16th and on that Saturday afternoon, Stan says they are holding an even bigger HOME fair.
At the national convention, there will be a Youth Academy for young people from 12 through 18 so that we can begin teaching home ownership sooner. African Americans have 1.3 trillion dollars in consumer buying but the things we buy most are items like hair products, sugar and hot sauce. It’s time we redirect our spending to something that will provide security. We also talked about gentrification and the importance of holding on to real estate that our parents and grandparents worked and saved their whole lives to acquire.
The Consolidated board of Realtists has already accomplished a lot including the passage of the Rumsford Fair Housing Act that eliminated racial covenants and restrictions, advocating for the 1980 foreclosure law and establishing a scholarship fund for deserving students. Real estate professionals really need the resources provided by the organization. They hold a networking breakfast every Wednesday morning from 8:30 until 10am at their offices in Baldwin Hills.
We hope you’ll join us at the HOME Fair this Saturday.
Home Ownership Made Easy
Saturday June 25, 2016 from 9am until 3pm
3725 Don Felipe Dr.
323-751-3440 Ext 40