Secretary Fudge’s presence was particularly significant as she shares hometown roots with NAREB President Pope, both hailing from Cleveland, OH.
During her speech, Secretary Fudge expressed admiration for Pope, describing her as “not only a phenomenal leader but her homegirl.” This heartfelt connection exemplifies the strong ties that unite professionals in their pursuit of advancing equity in the real estate industry.
Secretary Fudge fired up the audience with her powerful commitment to addressing racial disparities in housing for marginalized communities.
“There’s a new sheriff in town, and her administration is committed to ensuring they make a difference in the lives of Black and Brown people.” Further, she stated, “I am doing MY JOB!” leaving no doubt about her dedication to the mission.
Addressing credit challenges faced by Black borrowers, Secretary Fudge declared, “Some Black borrowers lack credit, but now when obtaining an FHA loan, rental history can be used as a credit history.” This policy change aims to expand access to credit and homeownership opportunities for individuals with limited credit history.
Secretary Fudge highlighted the significance of homeownership in building wealth: “We cannot deal with inflation until we deal with the housing crisis. Most of us build wealth through homeownership.” This statement underscores the Biden administration’s focus on addressing the housing crisis to tackle broader economic challenges.
She noted that policymakers have advised young people that they don’t need to own a home. Secretary Fudge questioned, “Who told them that foolishness?” She implored the Black real estate agents and brokers, “We need to help get them in homes, so we need your advocacy.”
In closing, Secretary Fudge left the audience with a powerful call to action, “Stay Encouraged, Stay Vigilant, WE NEED YOU. Thank You!” Her words were a rallying cry for real estate professionals to unite and drive positive change in the industry.
“Secretary Fudge’s address impacted the NAREB convention attendees, motivating them to embrace the challenges ahead and work together toward creating a more equitable and inclusive housing landscape,” said Pope.
ABOUT THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS
NAREB was formed in 1947 to secure equal housing opportunities regardless of race, creed, or color. NAREB has advocated for legislation and supported or instigated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans. Simultaneously, NAREB advocates for and promotes access to business opportunities for Black real estate professionals in each real estate discipline. From the past to the present, NAREB remains an association proud of its history, dedicated to its chosen struggle, and unrelenting in its pursuit of the REALTIST®’s mission/vision embedded goal, “Democracy in Housing.” |
