Celebrating the Past, Present, and Future of Black Homeownership
February marks the return of Black History Month — a time to celebrate the resilience, achievements, and contributions of Black leaders from yesterday and today. And here at Atlantic Bay Mortgage Group®, we pledge to continue our long-standing commitment to serving all homebuyers in all communities this month and beyond. Let's work together to materialize tomorrow's dream today.
Making Black Voices Heard
From a visionary government official of yesterday to the trailblazing minds of today, discover just a few of the influential figures who have left an indelible mark on the march toward equitable and empowered Black homeownership. One thing is true of all these groundbreakers: they honored their past, seized the present, and elevated our future.
*Source: National Association of Real Estate Brokers' (NAREB) State of Housing in Black America report
Robert C. Weaver
Promoted affordable housing programs, such as the Metropolitan Development Act of 1966, and championed passage of the 1968 Fair Housing Act.
Marcia L. Fudge
Secretary of Urban Housing and Development (HUD) since 2021. Marcia oversaw creation of Property Appraisal and Valuation Equity (PAVE), created to root out racial and ethnic bias in home valuations.
Black Millennials
Black millennials made up the largest generational share of mortgage loans among African Americans in 2022.* And the Black Homeownership Collaborative made strides in their goal to increase the number of Black homeowners by three million by 2030.
Most Recent Homeownership Rate for Black Americans
By State*
South Carolina
Delaware
Mississippi
Alabama
South Carolina (55%), Delaware (54%), and Mississippi (54%) were the states with the highest homeownership rates for Black Americans in 2021. according to NAR. In contrast, North Dakota (15%), South Dakota (25%), and Alaska (27%) had the lowest homeownership rates.
NAR's report found, "the homeownership rate for Black Americans varied from 15% to 55% across the country. Among 51 states, including the District of Columbia, 16 states had a homeownership rate for Black Americans higher than 44.0% - the national rate -in 2021."
*Source: National Association of REALTORS® (NAR) Research Group's 2023 Snapshot of Race and Home Buying in America report
Empowering Financial Health For All
Atlantic Bay is committed to serving homebuyers in every community with comprehensive wealth- building opportunities, ensuring inclusivity and accessibility for all.
Explore our selection of resources crafted to help you live your best life throughout the homebuying process - and beyond.
This February… Take the Next Step Toward Your Future
Gain the Peace of Mind We All Deserve
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Gain the Peace of Mind We All Deserve
Fill out the form below to get connected with an Atlantic Bay Mortgage Banker.