Currently, there is a considerable wealth gap between white households and black households, even among homeowners. Recent research suggests that the way homes are valued might play a factor in exacerbating that inequality.
Where does the source of this problem lie? How can it be fixed? On August 5, NAR’s panelists delved deeply into the subject and presented solutions that maintain a fair and equitable system for valuing real estate.
NAR is committed to making housing fair for all. And yet, many don’t realize the broad scope of NAR’s Code of Ethics and its commitment against all forms of discrimination in housing As a champion for Fair Housing,
Last month, the U.S. Department of Housing and Urban Development (HUD) repealed the Affirmatively Furthering Fair Housing (AFFH) rule. The AFFH rule was first enacted in 2015 and required municipalities to come up with plans to address housing discrimination as a condition of receiving federal housing funds.
HUD replaced the AFFH rule with the Preserving Community and Neighborhood Choice rule. The National Association of Realtors® raised concerns and opposed the repeal of the AFFH rule. Even with the repeal of the AFFH rule, New Jersey has its own affordable housing requirements in place as a result of the Mount Laurel court ruling which requires municipalities to provide for affordable housing through local planning, zoning and land use policies.
NCJAR’s Gary Large sits down with Daniel Harris, The CE Shop COO to discuss Fair Housing, the history surrounding the Fair Housing Act and what that means for you as a real estate agent. Fair housing protects our livelihood and business as REALTORS®. Please take a moment to listen to the importance of Fair Housing and the common laws you must know for creating an equal opportunity environment for all.
- Realtors® Promote Growth with Fair Housing
- NJ’s Law Against Discrimination - 13 Protected Classes
- The Potential Dangers of “Steering”
- Discrimination Violations, Consequences and Significant Monetary Penalties