One of the things that I wanted my blog to be is a learning resource. I picked the month of April to launch my business because it is a month full of National Recognition that is so closely related to the work that I do. Today I want to recognize the first one.
On April 11th, 1968, one week after the assassination of Rev. Dr. Martin Luther King, Jr, who was monumental in the passing of the 1964 Act, President Lyndon B. Johnson signed an extension to the Civil Rights Act of 1964 to include the Fair Housing Act. It prohibits discrimination in the sale, renting, or financing of housing based on race, color, religion, national origin, sex, disability, and family status.
While the Act was passed 53 years ago, we know that we still have a long way to go to stand up against discrimination in the housing market. Not only are Blacks and other People of Color disproportionately disadvantaged when it comes to homeownership, we often run into lower appraisal values, not having enough cash for a downpayment (due to lower wages), and not being able to be competitive in a seller’s market.
In 2020, according to Redfin.com, only 44% of Black American’s owned a home compared to 74% of white Americans. A recent story out of California tells the story of the Austin’s and their struggle to obtain homeownership. They had to purchase a home off-market from another Black family just to reach their dream. They then put over $400,000 into the home that was built in the 1960s. They added a new level, replaced the floor and appliances, built a deck, adding in total an additional 1,000 square feet to their property.
When they got it appraised, the older white appraiser valued the property for $989,000, only $100,000 more than the property was previously appraised for BEFORE the renovations. After fighting to get a second appraisal, they decided to trick the system. A white friend of theirs offered to pose as the wife, removed all family photos, and replaced them with her family pictures. That appraisal came in at $1,482,000—about $500,000 more than the one done just a month prior.
The National Association of Realtors says that Black applicants are rejected for loans three times more than white applicants. Is there any surprise that there is so much of a gap in wealth in this country between races? Homeownership is one of the ways to gain generational wealth and legacy, and these facts are just one of the reasons that Black American’s are far behind their white counterparts in the journey to wealth.
If you are a professional, I recommend signing up for the National Fair Housing Training Academy (I am) and doing your part to help fight against discriminatory practices in the housing industry. As a financial counselor, my goal is to help you achieve your dreams, and if homeownership is how that happens, then let’s make it happen! I’ll be sharing more tips and resources over on my social media pages for the business: Instagram and Facebook. Coming soon to our website is a resource and referral list that will include housing professionals to help your dream come true.
For more information, visit Hud.gov and National Fair Housing Training Academy.
Deidra Riggs was someone else that I was not familiar with before this week, but what I enjoyed the most was her openness about her struggles with her last book. She speaks about the business side and, unfortunately, the politics behind selling a book. A well-known author endorsed her book, and there were plans to put that endorsement on the front cover. Until that well-known author came out that she was divorcing her husband and marrying a woman. Her publishers, recognizing that vendors wouldn’t carry the book with the endorsement, removed it. That didn’t sit well with Deidra and has impacted sales and promotion.
Another blogger turned author who I was introduced to, Kendra Adachi spoke a lot about the mistakes that she made along the way. She also touched on somethings that she did right that was pure blessings. She gave pointers like always including an email sign up even when your website is still “coming soon.” I also loved the landing page for her website, where it lists all the different ways to connect with what she offers without you having to hunt for it.
The last and final teacher is probably the best known. Beth Moore is the author of so many books and Bible studies, including a few that sit on my bookshelves. The best part of this whole interview was the fact that Beth Moore didn’t know she was on camera until maybe the last 5 minutes of a hour-long teaching. She assumed that only Emily could see her. I don’t recall ever hearing Beth Moore teach before, but she is so comical and felt so down to earth. She is a daily journaler (which she calls her private relationship with Christ), who has her own journals coiled with the paper she likes at her local supply store. She is also an avid tweeter and broke down when she knows something is a tweet, blog post, teaching, or a book/bible study.
While applying for yet another job, I had to register first. But by the time I finished that process, something at the house distracted me, and I never got around to applying. I received an email from a Career Manager from that site to connect. We talked for a bit, and I knew she must have thought I was crazy because I was so tired of the process and just all over the place. I was honest and told her I had no clue what I wanted to do and gave her some background information. She told me to sit down and write out what I wanted my next 30 days, 60 days, 90 days, and one year to look like. She would put some feelers out there about schools and jobs, and we would come back together the following week.
Jeff Goins
Katherine Reay
Annie F. Downs
Kelly Minter
Michele Cushatt
Ashlyn Carter
