One major way to create generational wealth in America is
through property ownership. Unfortunately,
due to a variety of injustices that have afflicted Black Americans, we are behind
other Americans. When we
started our journey into the world of learning to invest in real estate we quickly
realized why that was.
The Fair Housing Act was passed 50+ years ago, the law was
supposed to prevent discrimination and bias that the Black community
experienced while attempting to purchase a home. In 1970 42% of Black
families owned property, in 2020 the number is only 41%. After years of
experiencing blatant redlining, black buyers increasingly experienced high mortgage
rates and in some instances reverse redlining.
Today the number of Black home ownership is rapidly decreasing due to
the alarming rate of gentrification. The
negatives of gentrification is the huge property and rent increase Black
neighborhoods experience in the process.
Some of the activities to prevent gentrification and
increase Black home ownership is:
-Turning dilapidated housing into quality single family homes
and selling at an affordable rate to owner occupiers.
-Providing safe and affordable,
quality single and multifamily quality rentals.
-Helping the community find
education or resources to help with real estate ownership and investment.
Our mission is to strengthen the community
through investment education, gentrification prevention, affordable
quality rentals, and high-quality homes for sale.
Our Goals :
Current President
Vice President/Treasurer
Legal Advisor