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Economy

Fund Commits $50M for Down Payment Assistance

HUDSON VALLEY PRESS — The down payment assistance funds will be used in conjunction with first mortgage home purchase loans.

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By The Hudson Valley Press

MIAMI, Fl – At its recent Mid-Winter Conference in Miami, FL, the National Association of Real Estate Brokers (NAREB) signed a groundbreaking Memorandum of Understanding (MOU) with United Security Financial (USF), a minority-owned mortgage company headquartered in Salt Lake City, Utah to make down payment assistance more broadly available to Black American home buyers. The two organizations announced that they have obtained a commitment of $50 million down payment assistance funds from LBC Funding, LLC to assist in the expansion of homeownership for low-to-moderate income purchasers.

“NAREB welcomes the collaboration with United Security Financial. Latest official homeownership rates issued by the U.S. Census Bureau, report that Black homeownership at 41.7% lagging far behind the Non-Hispanic White homeownership rate of 73.1%. That nearly 30% gap represents a significant loss of economic security and wealth building opportunity for Black Americans. NAREB’s goal is to build Black wealth through homeownership. That’s why NAREB continues to forge ahead with its aggressive 2 Million New Black Homeowners in 5 Years (2Mn5) program,” said Jeffrey Hicks, president of the National Association of Real Estate Brokers (NAREB) founded 72 years ago to ensure “Democracy in Housing” for Black Americans.

Lois Johnson, chief executive officer of United Security Financial, the company that is managing the fund that will provide the $50 million commitment, explained why USF had chosen to partner with NAREB. She stated, “Since 1947, NAREB has been at the forefront of an ongoing effort to secure homeownership for people of color. We, at USF, while serving all citizens, regardless of race, creed or sex, are excited to support equality in housing. NAREB’s mission is aligned with our corporate values. This MOU creates a win-win for both of our organizations.”

The down payment assistance funds will be used in conjunction with first mortgage home purchase loans made by USF to NAREB Realists’ clients over the next 12 months. The commitment represents an important step in meeting the 2Mn5 goal. “The new partnership with USF allows Black Americans to overcome one less barrier in their quest to become home owners,” Hicks added.

This article originally appeared in the Hudson Valley Press
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Activism

OPINION: Your Voice and Vote Impact the Quality of Your Health Care

One of the most dangerous developments we’re seeing now? Deep federal cuts are being proposed to Medicaid, the life-saving health insurance program that covers nearly 80 million lower-income individuals nationwide. That is approximately 15 million Californians and about 1 million of the state’s nearly 3 million Black Californians who are at risk of losing their healthcare. 

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Rhonda M. Smith.
Rhonda M. Smith.

By Rhonda M. Smith, Special to California Black Media Partners

Shortly after last year’s election, I hopped into a Lyft and struck up a conversation with the driver. As we talked, the topic inevitably turned to politics. He confidently told me that he didn’t vote — not because he supported Donald Trump, but because he didn’t like Kamala Harris’ résumé. When I asked what exactly he didn’t like, he couldn’t specifically articulate his dislike or point to anything specific. In his words, he “just didn’t like her résumé.”

That moment really hit hard for me. As a Black woman, I’ve lived through enough election cycles to recognize how often uncertainty, misinformation, or political apathy keep people from voting, especially Black voters whose voices are historically left out of the conversation and whose health, economic security, and opportunities are directly impacted by the individual elected to office, and the legislative branches and political parties that push forth their agenda.

That conversation with the Lyft driver reflects a troubling surge in fear-driven politics across our country. We’ve seen White House executive orders gut federal programs meant to help our most vulnerable populations and policies that systematically exclude or harm Black and underserved communities.

One of the most dangerous developments we’re seeing now? Deep federal cuts are being proposed to Medicaid, the life-saving health insurance program that covers nearly 80 million lower-income individuals nationwide. That is approximately 15 million Californians and about 1 million of the state’s nearly 3 million Black Californians who are at risk of losing their healthcare.

Medicaid, called Medi-Cal in California, doesn’t just cover care. It protects individuals and families from medical debt, keeps rural hospitals open, creates jobs, and helps our communities thrive. Simply put; Medicaid is a lifeline for 1 in 5 Black Americans. For many, it’s the only thing standing between them and a medical emergency they can’t afford, especially with the skyrocketing costs of health care. The proposed cuts mean up to 7.2 million Black Americans could lose their healthcare coverage, making it harder for them to receive timely, life-saving care. Cuts to Medicaid would also result in fewer prenatal visits, delayed cancer screenings, unfilled prescriptions, and closures of community clinics. When healthcare is inaccessible or unaffordable, it doesn’t just harm individuals, it weakens entire communities and widens inequities.

The reality is Black Americans already face disproportionately higher rates of poorer health outcomes. Our life expectancy is nearly five years shorter in comparison to White Americans. Black pregnant people are 3.6 times more likely to die during pregnancy or postpartum than their white counterparts.

These policies don’t happen in a vacuum. They are determined by who holds power and who shows up to vote. Showing up amplifies our voices. Taking action and exercising our right to vote is how we express our power.

I urge you to start today. Call your representatives, on both sides of the aisle, and demand they protect Medicaid (Medi-Cal), the Affordable Care Act (Covered CA), and access to food assistance programs, maternal health resources, mental health services, and protect our basic freedoms and human rights. Stay informed, talk to your neighbors and register to vote.

About the Author

Rhonda M. Smith is the Executive Director of the California Black Health Network, a statewide nonprofit dedicated to advancing health equity for all Black Californians.

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Activism

Oakland Hosts Town Hall Addressing Lead Hazards in City Housing

According to the city, there are 22,000 households in need of services for lead issues, most in predominantly low-income or Black and Latino neighborhoods, but only 550 to 600 homes are addressed every year. The city is hoping to use part of the multimillion-dollar settlement to increase the number of households served each year.

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iStock.
iStock.

By Magaly Muñoz

The City of Oakland’s Housing and Community Development Department hosted a town hall in the Fruitvale to discuss the efforts being undertaken to remove lead primarily found in housing in East and West Oakland.

In 2021, the city was awarded $14 million out of a $24 million legal settlement from a lawsuit against paint distributors for selling lead-based paint that has affected hundreds of families in Oakland and Alameda County. The funding is intended to be used for lead poisoning reduction and prevention services in paint only, not water or other sources as has been found recently in schools across the city.

The settlement can be used for developing or enhancing programs that abate lead-based paint, providing services to individuals, particularly exposed children, educating the public about hazards caused by lead paint, and covering attorney’s fees incurred in pursuing litigation.

According to the city, there are 22,000 households in need of services for lead issues, most in predominantly low-income or Black and Latino neighborhoods, but only 550 to 600 homes are addressed every year. The city is hoping to use part of the multimillion-dollar settlement to increase the number of households served each year.

Most of the homes affected were built prior to 1978, and 12,000 of these homes are considered to be at high risk for lead poisoning.

City councilmember Noel Gallo, who represents a few of the lead-affected Census tracts, said the majority of the poisoned kids and families are coming directly from neighborhoods like the Fruitvale.

“When you look at the [kids being admitted] at the children’s hospital, they’re coming from this community,” Gallo said at the town hall.

In order to eventually rid the highest impacted homes of lead poisoning, the city intends to create programs and activities such as lead-based paint inspections and assessments, full abatement designed to permanently eliminate lead-based paint, or partial abatement for repairs, painting, and specialized cleaning meant for temporary reduction of hazards.

In feedback for what the city could implement in their programming, residents in attendance of the event said they want more accessibility to resources, like blood testing, and information from officials about lead poisoning symptoms, hotlines for assistance, and updates on the reduction of lead in their communities.

Attendees also asked how they’d know where they are on the prioritization list and what would be done to address lead in the water found at several school sites in Oakland last year.

City staff said there will be a follow-up event to gather more community input for programming in August, with finalizations happening in the fall and a pilot launch in early 2026.

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Bay Area

State Orders Cleanup of Former Richmond Landfill

There is no immediate public hazard at the fence line of the site, which is located on the city’s southeastern shoreline, at the foot of S. 51st Street. However, the “site’s wastes pose an unacceptable long-term risk,” according to a CDTSC statement. Also, since the uncapped site sits along a creek and the Bay, wastes can wash off during each rain and high tide, the agency stated.

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Site map provided by the California Department of Toxic Substances Control.
Site map provided by the California Department of Toxic Substances Control.

The Richmond Standard

The California Department of Toxic Substances Control (CDTSC) is ordering Union Pacific Railroad Company (UPRR) and Bayer CropScience, Inc. to clean up the former Blair Southern Pacific Landfill in Richmond due to findings of elevated levels of lead, banned pesticides like DDT, and radioactive material at the site.

There is no immediate public hazard at the fence line of the site, which is located on the city’s southeastern shoreline, at the foot of S. 51st Street. However, the “site’s wastes pose an unacceptable long-term risk,” according to a CDTSC statement. Also, since the uncapped site sits along a creek and the Bay, wastes can wash off during each rain and high tide, the agency stated.

Bayer and UPRR were ordered to clean up the site as it is their predecessor companies that are deemed responsible for the hazardous waste. The site was used from the 1950s to the 1980s, before modern environmental laws were in place, according to the CDTSC.

“During this time, the site was leased to landfill operators, who developed and operated the site as a series of landfills for disposal of industrial and non-industrial wastes,” the CDTSC stated.

The state’s order requires Bayer and UPRR to safely remove and dispose of the radioactive materials and includes penalties of up to $25,000 per day for noncompliance.

“There will be opportunities for public involvement during the development of the cleanup plan and at the Richmond Southeast Shoreline Community Advisory Group (CAG) meetings, which meet on Zoom the second Thursday of every month,” said Richmond City Councilmember Soheila Bana.

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