Throughout 2023, MBA's CONVERGENCE place-based initiatives worked toward closing the information, trust, resource, and market gaps that create barriers to homeownership in minority communities. Learn more here.
Highlights from the cities include:
- CONVERGENCE Memphis acquired eleven lots in a predominately Black neighborhood, which are now under development as affordable, entry-level, single-family homes for owner occupancy.
- CONVERGENCE Columbus launched multiple initiatives including Bloom614.org, a consumer-facing website with information about buying and owning a home, and the Bloom614 Homebuyer Readiness Program, which provides an innovative, digital coaching experience for aspiring homebuyers.
- CONVERGENCE Philadelphia officially launched in March 2023 and established its workstreams and identified a set of goals for its first year of operation as part of a three-year strategic plan.
Learn more about MBA's place-based initiative, CONVERGENCE, here.
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Katelynn Harris Walker
Associate Director | Affordable Housing Initiatives
Mortgage Bankers Association
(910) 228-1746
khwalker@mba.org------------------------------