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State and Local Programs to Advance Homeownership Opportunity to Narrow Racial Disparities

July 12, 2022 @ 12:00 pm 1:30 pm EDT

Black family in their living room, mom and dad watch their son draw

For many Americans, owning a home is an effective tool for building household wealth. Yet households of color have faced historical and systemic barriers to homeownership that persist widely today, calling for more innovative and deliberate strategies for addressing the racial homeownership gap.

Join us for part two of the series Advancing Homeownership Opportunity to Narrow Racial Disparities. In this webinar, we will feature two panels discussing efforts to preserve and expand current homebuyers’ programs while forging new homeownership opportunities for households of color. Panelists will share details on programs from lenders and state and local governments, including the Mortgage Bankers Association’s Convergence program, Boston’s first-generation homeownership program, New Jersey’s homeowner assistance programs, the Philly First Home program, a home repair loan program in Ohio, and a special purpose credit program initiated by a major bank.


Panel 1: State and Local Programs to Narrow the Racial Homeownership Gap

Wendy Penn, Associate Vice President, Mortgage Bankers Association

Cerita Battles, Managing Director, Head of Community and Affordable Lending, Chase

Symone Crawford, Executive Director, Massachusetts Affordable Housing Alliance

Ryan Ambrose, Director, Neighborhood Preservation Initiative, Philadelphia Housing Development Corporation

Janneke Ratcliffe, Vice President, Housing Finance Policy Center, Urban Institute moderator

Panel 2: State and Local Programs to Preserve Existing Homeownership

Melanie R. Walter, Executive Director, New Jersey Housing and Mortgage Finance Agency

Stephanie Moulton, Professor, Ohio State University

Adam H. Langley, Associate Director, Lincoln Institute of Land Policy (invited)

Lei Ding, Senior Community Development Economic Advisor, Philadelphia Fed moderator

Watch part one of this webinar series on demand. The event featured two virtual panels discussing current federal efforts to advance racial equity in homeownership and ways to leverage these new and emerging programs.

Presented by

This series is cohosted by the Federal Reserve Bank of Philadelphia, the Urban Institute, and the Penn Institute for Urban Research.