MoCaFi Hosts Watts for Wealth-Building Pop-up Event
MoCaFi hosted their fourth On Our Block by MoCaFi™pop-up event in LA to engage Watts residents on pathways to wealth creation and homeownership.
MoCaFi hosted their fourth On Our Block by MoCaFi™pop-up event in LA to engage Watts residents on pathways to wealth creation and homeownership.
Despite unprecedented federal housing assistance during the pandemic, a report by Harvard’s Joint Center for Housing Studies (JCHS) finds stark racial and income divides in its analysis of the nation’s rental market. Nearly a quarter of Black renters were behind on rent in the third quarter of 2021, as well as 19% of Hispanic renters. By contrast, the share of white renters in arrears was half that: 9%.
The Congressional Black Caucus (CBC) and the Joint Economic Committee (JEC) released a new analysis of the impact of economic trends and barriers on Black Americans.
According to the National Association of Real Estate Brokers (NAREB) wealth building usually begins with that first investment in owning your own home. Whether you purchase a first-time “starter” home or inherit a property or residence, you start down the road to building wealth. But something has changed in the Black community. The U.S. Census Bureau’s latest statistics indicate that the Black homeownership rate has dropped once again.
“I shook hands with a 13 year-old-boy whose mother told him to make eye contact and shake hands firmly. Even in the midst of horrific living conditions and imprisonment, children at the facility are still being taught to treat people with respect, while being treated less than human…”