The Mortgage Bankers Association has announced its support for the Black Homeownership Collaborative’s (BHC’s) plan to boost Black Homeownership by three million net new households by 2030.

Through its solutions-based plan, BHC aims to help Black communities overcome the affordable housing hurdles they face. BHC’s seven-point plan includes homeownership counseling, down payment assistance, housing production, credit and lending, civil and consumer rights, homeownership sustainability, and marketing and outreach.

“Promoting safe and sustainable homeownership and closing the homeownership gap that exists within minority communities is my top priority as MBA’s 2021 chair,” said Susan Stewart, 2021 MBA chairman and CEO of SWBC Mortgage Corporation. “The mortgage industry has an opportunity and a responsibility to open the door for those ready and able to buy a home.”