MIRIPA PROPERTIES

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.