The National Association of Real Estate Brokers (NAREB), the oldest African American trade association in the country, along with its local affiliate, the Washington Real Estate Broker Association (WREBA), is hosting a nationwide Veterans & First-Time Homebuyers Seminar on Nov. 4.
NAREB chapters and local boards will host home-buyer workshops, resource fairs and community service events in more than 25 cities and communities throughout the nation.
One of NAREB’s goals is to increase black homeownership in the country, especially among veterans and their families.
“The national homeownership rate for Black Americans is 42 percent, compared to over 70 percent for White Americans,” Antoine M. Thompson, national executive director for NAREB, said in an email.
“The Homeownership for Veterans event is a part of NAREB’s new program to create two million new Black homeowners,” he added. “Historically, Black veterans have been underserved, especially in the area of opportunities for homeownership dating back to the start of the G.I. Bill. Expanding homeownership for Black veterans will build wealth, and strengthen families and neighborhoods.”
Some of the topics to be covered at the District’s home buyer seminar include:
• Tax advantages for homeowners
• Budgeting before buying
• Why credit matters
• Loan programs
• Grant money for D.C. residents
• Programs for veterans
• The homebuying process
“With so much info packed into three hours, this will be an overview with the opportunity to work one-on-one with individuals at a later date,” says real estate agent Carla Labat with Long & Foster Real Estate.
The free event will take place at Banneker Recreation Center at 2500 Georgia Ave. NW, 11 a.m. to 2 p.m. Refreshments will be served.
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