St. Louis Realtors wants to increase Black homeownership in the region. The association suggests that financial institutions and Realtors expand homeownership opportunities by offering more programs for first-time buyers and expanding access to credit and down payment assistance programs.
The Realtors association released a 74-page Reimagining St. Louis Increasing Black Homeownership plan on Tuesday, highlighting the history of redlining and racial discrimination in the area and offering recommendations to Realtors and banks to help expand Black homeownership and reduce systemic barriers to homeownership for Black residents. The plan includes homebuying data from nearly 75,000 Black homeowners between 2017 and 2022.
The homeownership plan is part of the group’s 2022 commitment to reducing systemic racism in the homebuying process…