New American Funding has tapped Charles Lowery Jr. to lead the company’s initiative of increasing Black homeownership.

In his new role as director of legislative policy and external affairs, Lowery will lead the New American Dream initiative, which aims to boost Black homebuyers’ confidence through education, accessibility to credit, and mortgage career awareness.

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The 20-year mortgage veteran will also be responsible for designing and managing the firm’s legislative and regulatory research and analysis. New American Funding said Lowery would “develop comprehensive internal and external messaging on policy goals while driving recommendations through policy papers and testimonies.”

Most recently, Lowery was the director of state regulatory relations for a major financial services corporation. Before that, he spent five years with the NAACP, where he held leadership positions including interim senior director of the national economic department and director of fair lending and inclusion.

Lowery also served as general counsel and legal counsel at the D.C. Department of Banking and Financial Institutions, as well as policy counsel at the Center for Responsible Lending and acting director of military saves.

“We proudly welcome Charles to New American Funding,” said Patty Arvielo, president of New American Funding. “He brings his immense regulatory expertise to the company and is perfectly aligned with our commitment to increase homeownership in communities of color.”

“My commitment to helping the Black community matches New American Funding’s vision,” Lowery said. “Together, we can make Black homeownership an achievable goal and a transformative way to build generational wealth.”