Sunday, August 18, 2024

NAREB Applauds Vice President Harris's Plan to Revive Housing Industry and Make Homes More Affordable

The National Association of Real Estate Brokers (NAREB) applauded Vice President Kamala Harris’ plan to lower housing costs by providing incentives to builders to construct three million new units, offering $25,000 in downpayment support for first-time homebuyers and creating a $40 billion fund for local governments to build housing.

“NAREB enthusiastically supports the Vice President’s housing plan,” said Dr. Courtney Johnson Rose, NAREB’s President. “NAREB recognizes that the lack of sufficient housing inventory is a major reason for the high prices preventing Black families and other consumers from purchasing a home. This is a tremendous plan that will help families across America.”

Harris, the presumed Democratic presidential nominee, announced the plan today. It would provide tax incentives to homebuilders for constructing “starter houses” geared to first-time buyers and affordable rental housing. If she is elected, Congress will need to approve many of the provisions. Harris is also calling for legislation to crack down on companies contributing to surging rent prices and to remove tax benefits for major investors who acquire large numbers of single-family homes.

Dr. Rose asserted that Vice President Harris is on target with her plan, noting that housing demand outpaces new home construction by roughly 100,000 units annually, creating the largest housing shortfall in nearly half a century. The inadequate supply of new homes contributes to the growing housing affordability crisis.

“This proposal demonstrates that Vice President Harris understands the plight of middle-class families in America, and she has innovative answers to their housing challenges,” Dr. Rose said, recalling that NAREB researchers previously identified the lack of inventory and investor home purchases as making it more difficult for families to purchase homes.

NAREB’s 2023 State of Housing in Black America (SHIBA) report declared an enormous need to increase the affordable housing stock and called on the government to reform the nation’s housing finance system by requiring a restructured Fannie Mae and Freddie Mac to form partnerships with large financial institutions via special purpose credit programs. SHIBA estimated that an efficient housing rehabilitation program financed by the Housing Government Sponsored Enterprises (GSEs) could save 107,000 homes annually.

Dr. Rose also welcomed a crackdown on investor-purchased single-family homes.

The SHIBA report said investor home purchases accelerated during the 2020-2021 pandemic. By the first quarter of 2022, investor purchases of single-family homes peaked at 28% of market share. As of the first quarter of 2023, investors accounted for about 27% of single-family home purchases.
“Investor home purchases negatively impact the affordability and supply of homes for sale, particularly for lower-income households,” Dr. Rose said. “Investors outbid typical homebuyers and pay cash for houses and not perform inspections or appraisals. Many investor-owned single-family homes are transformed into rental housing, removing it from the owner-occupied stock.”

Dr. Rose said the Harris plan can spur a new era in homeownership for all Americans.

“This plan is the kind of jolt that the housing industry has needed,” said Dr. Rose. “This is how we create a more equitable America.”
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For print or broadcast interviews with NAREB President Courtney Johnson Rose, contact Michael Frisby at Mike@frisbyassociates.com or 202-625-4328.)

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 that is 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.”


Watch The Documentary 'Daughters' Now On Netflix

Four young girls prepare for a special Daddy Daughter Dance with their incarcerated fathers, as part of a unique fatherhood program in a Washington, D.C. jail.

For most of the daughters, the dance will be the only time they will be able to touch or hug their fathers during sentences, some of which are as long as 20 years.

Daughters is a feature documentary co-directed by Natalie Rae and Angela Patton, with cinematography by Michael Cambio Fernandez, edit by Troy Lewis and Adelina Bichis and music by Kelsey Lu, now available globally on Netflix.

A result of an eight-year documentary journey, the film inhabits the lives of these young girls, leaving the audience to witness firsthand the rippling effects of their fathers’ absence, as well as the love their fathers have for them. What unfolds is an intimate, healing portrait of a generation of youth bearing the weight of mass incarceration, while still showing what is possible. In-person visitation for these families has been systematically shut down across the U.S. since 2014. The only way to connect with incarcerated family members is through costly video calls, creating barriers for families to stay connected while video-conferencing companies profit.

Through Co-Director Angela Patton, we had one-of-a-kind access to incarcerated fathers going through intensive therapy as a part of the 12-week Date With Dad program in a D.C. jail. Counter to the systematic practices that oppress family bonds, the goal of the program is to strengthen relationships with daughters and other essential life skills for a successful and lasting reintegration into communities after incarceration. By the end of the 12 weeks, we see the fathers prepared as they step into a life-changing dance with their daughters.

While Angela captured and honed the program, Co-Director Natalie Rae delved deeper with the girls and moms, getting to know them and hearing firsthand their stories and the ripple effects on their lives over the course of five years.

The film made its world premiere at the 2024 Sundance Film Festival and took home two awards: Festival Favorite and Audience Choice: U.S. Documentary Competition.

Rev. Jesse Jackson Deserves Honor at DNC in Chicago for Being 'A Warrior for Democracy'

Bankole Thompson, one of the nation’s preeminent journalists and a standard-bearer for economic justice, says civil rights leader Rev. Jesse L. Jackson Sr., the president and founder of the Rainbow PUSH Coalition, has been a major force to reckon with in making America a more perfect union and for championing the democratic ideals of freedom and equality, and as such the international statesman should be honored for his contributions at the 2024 Democratic National Convention, taking place Aug. 19- 22 in Chicago. Vice President Kamala Harris will officially accept the Democratic nomination for president at the convention becoming the first Black woman to reach such political height.

Thompson, a leading public opinion shaper, who serves on the National Board of Directors of the historic Atlanta-based Southern Christian Leadership Conference (SCLC), the signature civil rights organization founded by Rev. Dr. Martin Luther King Jr., who was its first president, said Jackson’s groundbreaking campaigns for the Democratic presidential nomination in 1984 and 1988, represented a powerful and transformational moment because it gave Blacks and other disenfranchised groups a meaningful voice inside the Democratic Party.

"Not only did Rev. Jackson's campaigns register new voters, but it laid the groundwork for a progressive voting bloc in Democratic politics. His candidacy for president coming more than a decade after another daring trailblazer Congresswoman Shirley Chisholm became the first Black person to make a serious run for the presidency sent shockwaves across the entire resistant spectrum of Democratic politics that it was not going to be business as usual. He changed the composition of the Democratic electorate and enhanced the role of Black people in national Democratic politics," Thompson said. "For this reason alone, the Democratic National Convention should pause and pay meaningful tributes to Rev. Jackson for his 50 years of political advocacy and civil rights leadership in the nation and around the world."

Thompson is the dean of The PuLSE Institute, an independent and non-partisan anti-poverty think tank headquartered in Detroit, which was founded several years ago based on his influential work on race, democracy and poverty. The institute has a National Advisory Board, made up of national and international luminaries who collectively bring more than a century of anti-poverty work to an organization that is championing equitable policies.

He is a twice-a-week opinion columnist at The Detroit News, where his column on the presidency, public leadership, social and economic issues appears on Mondays and Thursdays in the newspaper. He is considered the premier Black opinion journalist in the battleground state of Michigan and is known for pushing the envelope and holding the powerful accountable.

He is the former longtime editor and intellectual voice of the Michigan Chronicle, the state’s African American newspaper. He was one of the first Black journalists in the nation to conduct a series of exclusive sit-down interviews with former President Barack Obama during the groundbreaking 2008 presidential campaign. He wrote a pair of books on the Obama presidency.

He also served as a special correspondent and analyst for Inter Press Service (IPS) North America Bureau at the United Nations in New York, doing analyses on cutting-edge global issues affecting marginalized communities as well as contributed columns for The Guardian the noted British newspaper.

In 2020, he publicly advocated for a racially diverse national ticket during the Democratic presidential campaign, and was invited by CNN anchor and chief national correspondent John King to respond to the historic selection of Vice President Kamala Harris as then candidate Joe Biden’s running mate. Thompson wrote a searing column taking Biden to task and insisting that a Black person must be on the ticket as the future president was nearing the VP selection, a piece which King described as a harsh take on Biden.

"The elevation of Kamala Harris to the pinnacle of American politics that is set to take place in Chicago next week would not have happened without the role that Rev. Jackson played in expanding the table of equity in Democratic politics and putting the liberal establishment on notice that there needs to be more room in the inn for Blacks. His electrifying presidential campaigns went unmatched for decades until the historic candidacy of former President Barack Obama in 2008," Thompson said. "It is important for us to give our heroes and giants flowers while they are still with us. Rev. Jackson, a recipient of the Presidential Medal of Freedom, has long cemented his place in the pantheon of American and global history."

Thompson has had an up close view of Rev. Jackson for two decades covering and writing about the impact of his work.

The civil rights leader has great admiration for the nationally acclaimed Detroit journalist, and he would always reach out to Thompson whenever he was in the Motor City for on-the-record and off-the-record conversations about the issues.

For example, on the eve of the funeral of the Queen of Soul Aretha Franklin in 2018, in Detroit, Rev. Jackson, invited Thompson to ride together with him to lunch at Beans & Cornbread, a local soul food restaurant where they reflected on the contributions of Franklin to the civil rights movement.

In 2016, barely two weeks after Donald Trump was elected president, Thompson and Rev. Jackson sat down for a public conversation (https://www.youtube.com/watch?v=dVwnSR1q5IY&t=207s) at the Rackham Auditorium on the campus of the University of Michigan to discuss Rev. Jackson's five decades of civil rights leadership including his take on the economic, political and social justice movement.

On January 15, 2018, Rev. Jackson and the Rainbow PUSH Coalition honored Thompson with the "Let Freedom Ring Journalism Award," to mark the 50th anniversary death of Dr. King. Rev. Jackson personally presented the award to Thompson on stage recognizing his contributions as a voice of conscience and courage in the media and for serving as a force for economic justice in the tradition of Dr. King.

"As Democratic delegates, activists, policy makers converge in Chicago for the convention, they should remember that important foundations were laid to arrive at this point in our long walk to freedom. Those foundations were laid by Congresswoman Chisholm and Rev. Jackson during a period in history when it was perceived to be impossible that any Black person could knock on the doors of resistance and open it with so much audacity," Thompson said. "That is why we must never forget the history of those who fought against exclusionary politics and it should be told for generations to come."

Thompson who is known for speaking truth to power accepted the invitation of one of his mentors and top Dr. King lieutenant, Rev. Dr. Bernard LaFayette Jr., to join the SCLC National Board in August of 2023. LaFayette, who is currently the chairman of SCLC, initiated the historic civil rights campaigns in Selma, the cradle of the Civil Rights Movement, and was a co-founder of the Student Nonviolent Coordinating Committee, has long followed Thompson's work and once described the journalist as a “remarkable person with many talents and powerful passion.”

Dr. LaFayette recruited Rev. Jackson to run the Chicago operation of SCLC during the civil rights movement.

"In his life’s work, he has reinforced that no matter who we are or where we come from, we have so much more in common than what separates us. The — the point is that if we as a society are to come together, to work together, to fight together in common cause for the freedom, rights, and justice of all people, we must make our communities stronger. We must build a stronger nation. And, as a result, we will have a stronger democracy and a stronger world," Vice President Harris said in a tribute to Rev. Jackson in Chicago last year when he officially stepped down as leader of the Rainbow PUSH Coalition. "And it is with this understanding, this vision to see what can be unburdened by what has been, that Rev has dedicated his life to building that coalition, from Washington, D.C., to California; from the Mississippi Delta to Appalachia; from South Africa to the South Side of Chicago. He has and continues to bring together people of all backgrounds: Black Americans, Asian Americans, Latino Americans, farmers, LGBTQ+ Americans, Native Americans, women, labor union members, people with disabilities, our young leaders, and people around the world. That has been the work of Reverend Jesse Jackson."

Harris added, "And early on — just think about it. Early on, he even had the audacity to name this coalition the National Rainbow Coalition. (Applause.) Think about that. He defined the rainbow. He was one of the first to define the rainbow."

Bankole Thompson and Rev. Jesse Jackson
About Bankole Thompson's Latest Work- Fiery Conscience

Bankole Thompson’s latest book, Fiery Conscience, which documents his years of speaking truth to power was launched last October at Dillard University in New Orleans at one of the nation’s Historically Black Colleges and Universities.

The book which was reviewed in Forbes magazine earlier this year, was also listed in the Jean Blackwell Hutson Research and Reference Division of the Schomburg Center for Research in Black Culture in New York. At the Schomburg, the world’s leading repository on the global Black experience, Thompson’s book is a reference for future scholars, students and individuals looking to engage issues dealing with Black existence in the modern era and for posterity.

Janis F. Kearney, who served as the first presidential diarist in the history of the White House under President Bill Clinton, and a former fellow at Harvard University’s W.E.B. DuBois Institute, wrote the book’s epilogue.

“It is gratifying for a native of the Arkansas Delta region and child of cotton sharecroppers to know that we still have a social commentator and leader who remains an unapologetic advocate for the poor and downtrodden. While American politics is oftentimes a murky, messy undertaking; the practical, realistic, yet hopeful Bankole Thompson knows that good politics can mean social and economic change for the masses. And, that good politics can result in policies, laws and civil actions that make life better for the least of us and addresses the dignity of all—including America’s poorest,” Kearney wrote. “But, good politics doesn’t just happen. It needs advocacy and fiery voices like Bankole Thompson’s. Voices that worry the lawmakers at night, that remain, like ‘earworms’ in their subconscious as they make and act on decisions that are crucial and life-changing for everyday Americans.”

Reverend Leonard L. Hamlin Sr., the Canon Missioner and Minister of Equity and Inclusion at the Washington National Cathedral is among those praising the book.

“The problems of our past are not resolved by turning a blind-eye, or by commitment to silence. Bankole Thompson’s needed witness displayed a courage and faith that inspires us to move beyond complacency and into prophetic action. His ‘Impactful Journalism’ has raised the uncomfortable questions and exposed circumstances that were in need of transformation,” Hamlin wrote in his endorsement of the book. “It is a must read for those who have a concern for where we have been but more importantly for where we are headed as a community. By reading this work I was inspired to remember the words of Maya Angelou that stated, ‘You can’t really know where you are going until you know where you have been.’”

Ron Fournier, who served as White House correspondent, and Washington bureau chief for the Associated Press, during which he covered three presidential administrations including Bill Clinton, George W. Bush and Barack Obama praised Fiery Conscience as a “timely tome,” while calling Thompson, “the soul of Detroit” who is “prodding his readers to heed the fierce urgency of now.”

Sister Simone Campbell, the leading anti-poverty and racial justice champion in the modern American Catholic Church, who received the 2022 Presidential Medal of Freedom, has followed Thompson’s work over the years.

“In the midst of these turbulent times in our nation, we need Fiery Conscience more than ever. We are all called to speak out for the sake of truth and struggle together across divides to realize a justice that includes all. Bankole Thompson does just that and his witness can nourish our spirits,” Sister Campbell wrote in her endorsement of the book.

The PuLSE Institute
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Wednesday, August 14, 2024

NAACP president: Georgia 'infringing on the right of voters' to participate in election

The NAACP is calling on the Department of Justice to open an investigation into Georgia's online voter registration removal portal. President and CEO of the NAACP Derrick Johnson joins MSNBC's Andrea Mitchell to explain more.

The Teamsters National Black Caucus (“TNBC) Executive Board Endorses Kamala Harris for President

The Teamsters National Black Caucus (“TNBC”) Executive Board has endorsed Kamala Harris for President. Read Their endorsement below:

The Teamsters National Blac... by George L. Cook III