HOMEOWNERSHIP AND HEALTHY LIVING GAPS ONCE IDENTIFIED BY ANECDOTAL EVIDENCE PROVEN THROUGH FINE-GRADE DATA
The Mortgage Bankers Association (MBA) represents more than 2,200 member companies and is the national association representing all facets of the real estate finance MBA’s Home for All Pledge represents the “industry's long-term commitment on a sustained and holistic approach to address racial inequities in housing.”
The
effort to ensure fair, equitable and responsible lending and affordable rental
housing for minorities includes place-based Convergence programs. Converge started
in Memphis in 2020 and added Columbus in 2021.
These are pilots, we are experimenting with place-based solutions that come from the community.
We know what’s been tried hasn’t worked well enough.
There’s a 30-point gap in home ownership between white and black/Hispanic
households,” Steve O’Connor, MBA’s Senior Vice President for Affordable Housing
Initiatives, said of Convergence’s role in narrowing that gap.
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