Houston realtors to host Community Wealth Building Expo helping black homeowners this weekend

HOUSTON — The Houston Black Real Estate Association is hosting a Community Wealth Building Expo during the final day of its 2018 Realist Week, which is dedicated to building black wealth through home-ownership.

The event will be held from 10 a.m. to 4 p.m. at the Community of Faith Church on Pinemont Drive.

President Kimberley Barnes-Henson of HBRA said its very important for buyers to understand that fair housing is more than a list of dos and don'ts, rights and penalties and mandatory continuing education.

"We are at a very pivotal time in our nation’s history. It is imperative that we not only regain the wealth loss, during the mortgage crisis. We must carefully plan, so that it is maintained and passed on to future generations," said Henson.

In the United States 42 percent of African Americans are homeowners compared to  71 percent of their Caucasian counterparts. The Black Realtist Association is working to eliminate the racial gap and disparity in homeownership through partnerships with public and private sector leaders at the local, state and federal levels.

"This administration’s effort will be one of inclusivity," said Henson. "We will seek to engage across racial and industrial divides because real estate is the driving force of the American economy."

The conference will not only help those looking to buy new homes, but current homeowners and those affected by Hurricane Harvey as well.

"The destruction left by Harvey is on a scale Texas has never experienced. With estimates of the economic impact reaching $160 billion, it has the potential to become the costliest natural disaster in U.S. history," said Henson.

One in five residents in the 24-county area experienced severe damage to their home and eight percent remain displaced, according to a report by the Kaiser Family Foundation.

As with so many flooded Houstonians, Harvey caught everyone off guard not because they weren't prepared for a bad storm, but because they lived in an area that had never flooded. The HBRA has worked side by side with local banks and other relief programs to help the displaced and will offer the same resources at the conference.

"A large part of our Texas realtor family lives and works in the communities and have already helped to register 200,000 for assistance,"said Henson.

The conference will also offer one on one help for down payment and closing cost assistance,  grants, small business lending and funding for neighborhood  and community development projects.

For complete details about the workshops and other events, click here.