HUD Makes Historic $450 Million Investment to Tribal Communities
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Thursday announced $450 million in Indian Housing Block Grants (IHBG) to Indian tribes across the country to respond to COVID-19. This funding will be used to help Tribes carry out...
Single Women’s Increasing Impact on the Housing Market
Although a study in fall 2020 showed the coronavirus pandemic hitting working women harder than their male counterparts—a "she-cession," the phenomenon has been called—a newer report by Redfin shows single women purchased 9% more homes in the fourth quarter than a...
Goldman Sachs commits $10 Billion to Impact Black Women
The Goldman Sachs Group, Inc. (NYSE: GS) has announced a new investment initiative of more than $10 billion to advance racial equity and economic opportunity by investing in Black women. In partnership with Black women-led organizations, financial institutions, and...
Recommendations for Closing the Diversity Gap in Housing
A pandemic that in the past year has changed every American's way of life also has illuminated and exacerbated shortcomings in the U.S. economy and housing. "We Can’t wait 114 Years to Close the Diversity Gap in Housing"—it's the central theme of an essay from Kenneth...
Industry Reacts: Marcia Fudge Confirmed as HUD Secretary
The Senate recently confirmed President Biden’s nomination of Rep. Marcia L. Fudge as Secretary of the U.S. Department of Housing and Urban Development (HUD), in a 66-34 vote. Senate Majority Leader Chuck Schumer (D-N.Y.) yesterday prepared a procedural cloture motion...
CBC Mortgage Agency, Names New Chief Diversity & Inclusion Officer
CBC Mortgage Agency, a national down payment assistance provider, announced that Tai Christensen has been promoted to the role of Chief Diversity & Inclusion Officer. Previously serving as CBC's Director of Government Affairs, Tai Christensen attended Brigham...
Single Women Homeowners Outpace Males
When it comes to gender and homeownership, single women are more likely than single men to own a home in each of the nation’s 50 largest metros. In the nation’s 50 largest metros, single women own nearly 1.6 million more homes than single men, as nationwide, single...
Big Cities Have Disproportionately Low Number of Black Homeowners
Black Americans own a disproportionately small number of homes in each of the country's 50 most populated metropolitan areas, according to a study authored by LendingTree's Chief Economist and VP Tendayi Kapfidze. People of color face frequent setbacks when it comes...
Homepoint Hires First Chief Diversity and Inclusion Officer
Homepoint, a leading mortgage lender and servicer, announced the appointment of DeAndre Lipscomb to the new role of Chief Diversity and Inclusion Officer. Lipscomb will be responsible for partnering with business leaders to develop and implement strategic,...
How Workplace Diversity Impacts Growth
American Mortgage Diversity Council recently hosted a panel of experts in workplace diversity and inclusion on a webinar entitled "How D&I Directly Impacts Health and Growth. Whether you’re starting at square one of D&I initiatives, or have long-established...