Martin Luther King fought for equal and civil rights, which included the notion of the right to equal housing for all. These instilled rights create and maintain a world, according to King, "where black men and white men, Jews and gentiles, Protestants and Catholics ... sons of former slaves and sons of former slave owners, say, Free at last, thank God almighty, we're free at last."
Equal access to homeownership is key to the American dream.
2010 was a year of despair for many people because of the loss of jobs, income and homes. We witnessed and continue to experience an uncertain economy. In the city of Portland, I observed a displacement of communities of color from Portland's inner city to the suburbs. This type of movement can disrupt the diversity of the city's desirable neighborhoods and can change a community's identity, facilitating a communal disconnect.
In the spirit of King's vision, equal access to homeownership encourages members of a community to alleviate this disconnect. Toward this end, opportunities for potential homeowners remain ripe. Prices are much more attainable, and interest rates are still very low. With a generous amount of inventory under $200,000 and interest rates at record lows, first-time buyers can now buy more house and still have an affordable monthly mortgage.
More good news: Realtors are inspired by King's legacy to continue to help members of our communities seek the American dream. As a result, www.hownw.com, a public service website, provides a summary of housing-related programs for home buyers in Multnomah, Clackamas and Washington counties. A number of programs provide home buying assistance to individuals based on income.
The site was created as a public service by the Portland Metropolitan Association of Realtors, with assistance of other community-based organizations, including the African American Alliance for Home Ownership, the Portland Housing Center, Portland Community Re-investment Initiatives, the Native American Youth & Family Center, Hacienda CDC and the Portland Housing Bureau. Pre- foreclosure and short-sale counseling is provided by some of these organizations too.
Let us now, after 42 years, courageously stand up, embrace our differences, and roll up our sleeves to continue to carry the torch for equal housing opportunities. As a community, we need to keep forging ahead, like Martin Luther King, by advancing the rights of all. Homeownership continues to become available for more individuals and families than ever before ... something needed to secure our dreams and preserve the opportunities Martin Luther King foresaw for all of us.
Earline Penson is a principal broker with Coldwell Banker Seal's Uptowen Office. You can reach her directly at | 503-802-8837.
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