![]() Additional financial incentives should be considered to support the transfers such as tax savings, reduced transfer fees, or a bridge loan to Black homeowners to support interfamily (or to owner-occupant homebuyers) transfers/sales of property. Recommendation 1 – To assist in the inter-generational transmission of homeownership for Black homeowners, the Black Homeownership Strike Force (BHSF) recommends that the District provide estate planning resources and legal services to assist with the transfer of ownership to homeowners and heirs. The result of their work concluded with the following recommendations: During the process, the Strike Force provided a platform for residents to share their stories, experiences, ideas, and feedback regarding District programs and other related challenges to achieving homeownership in the District. In addition, the BHSF engaged residents who have used District homeownership programs to purchase their first home but also those who have sought to buy a home and have yet to achieve this goal. The Strike Force was staffed by DMPED and supported by researchers and analysts at Urban Institute and Howard University, with facilitation and engagement support provided by Justice & Sustainability Associates. Throughout the summer, DMPED coordinated the work of the Strike Force and prepared members with relevant data and research. By closing the racial gap in homeownership, we are investing in the preservation of the culture and identity of the Black community in Washington DC.” Our goal is the first step in acknowledging the implications of our past and the lasting impact it has on our Black community. These policies had ripple effects over generations and are the root cause of the racial disparities we see in homeownership today. ![]() “We know the federal government crafted policies to prevent African Americans from becoming homeowners for centuries. “Mayor Bowser is serious about creating homeownership opportunities for long-time Black residents of the District of Columbia,” said Deputy Mayor for Planning and Economic Development John Falcicchio. The 20,000 Black homeownership goal was informed by the work of the National Black Homeownership Collaborative, which identified seven steps to increase Black homeownership by three million net new homeowners nationally by 2030, an increase of more than 10 percentage points in the Black homeownership rate nationally. Mayor Bowser charged the Strike Force with providing recommendations for uses of a $10 million Black Homeownership Fund in the FY23 Fair Shot budget, creating a goal for increasing the number of Black homeowners in DC by 2030, and supporting wealth-building through homeownership through, for example, programs that enable homeowners to maintain their homes, increase their property value, and maintain the affordability of their home in an increasingly expensive market. In June, Mayor Bowser launched the Black Homeownership Strike Force made up of government and public experts in housing and financial counseling, lending/underwriting, real estate development and services, as well as representatives and advocates from the faith-based, senior, immigrant, and LGBTQ+ communities who focus on addressing social and racial inequities. “This is about helping 20,000 Washingtonians buy homes, but it is also about helping 20,000 Washingtonians build generational wealth, stay in DC for generations to come, and benefit from the prosperity of Washington, DC.” “This goal is a first step in undoing the lasting legacy of discriminatory housing laws that locked many Black families out of homeownership throughout the twentieth century,” said Mayor Bowser. The Strike Force also published a report that includes 10 recommendations to support the new goal. (Washington, DC) – Today, Mayor Muriel Bowser, the Deputy Mayor for Planning and Economic Development (DMPED), and the Black Homeownership Strike Force (BHSF) announced a new goal to make 20,000 additional Black DC residents homeowners by 2030.
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