Ohio orgs. team up to help people from minority backgrounds buy their first homes.

The Greater Cincinnati Port Authority and the Greater Cincinnati Realtist Association have teamed up to help those looking to buy homes break down barriers that have previously kept them from finding their perfect place. The two organizations are providing financial and literacy assistance to help people purchase their forever homes and to increase homeownership among minority groups.

Their mission was sparked by the release of the latest homeownership data from the National Association of Realtors, reported by Spectrum News 1. This data revealed that the homeownership rate for Black people living in Ohio is a mere 36%, and an even lower 25% for those in Cincinnati.

The Port and the Realtist Association have acquired 194 single-family homes from out-of-town investors. This opens up more opportunities for minorities to move into homes. The Port's motto is “Jobs families can live on. Homes they can afford. Cleaner, greener, safer neighborhoods and business districts.” They are creating new models of real estate equity, developing new solutions to contribute to the story of the region's renaissance.

Darrick Dansby, president of the Greater Cincinnati Realist Association, expressed in a press release, “Having this inventory that is specifically dedicated to starter homeowners and homeowners who have the opportunity to buy a home based on their income, we believe that these products will help us make a little bit of progress towards increasing that black homeownership rate.”

These organizations are dedicated to reaching out to minorities in particular, who need help finding homes on the job market and who have experienced difficulties in the past. So far, eight homes have been listed on the market for sale, with the remainder soon to come.

These initiatives are a step forward in providing more minorities with access to homeownership. With the help of the Greater Cincinnati Port Authority and the Greater Cincinnati Realtist Association, those looking to buy homes will have the chance to surpass barriers of the buying process and to find their dream homes.

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