About Donnel T Williams and the Two

NAREB is on a campaign trail to ensure that in the next five years, there will be an additional of at least two million new Black homeowners. This program is dubbed as the 2MN5 and isNAREB’s solution in response to the declining African American Homeownership rates. The program has short and long-term core objectives that purposes to eliminate the racial gap and the disparities in homeownership in the country. Currently, the homeownership rate for African Americans is 44%, and the rate for the Non-Hispanic whites is 73.7.

Donnell T. Williams About Donnell T Williams and the Two Million New Black Homeowners Program

7-POINT Activities To SupportNAREB’s Mission

The following are a set of activities that will support NAREB’s motto of Democracy in Housing: 1. Promoting, sponsoring, and encouraging African Americans to take part in housing and homeownership programs both in the public and private sectors. 2. Active advertising and marketing to the African American consumer on the financial and other benefits of homeownership. 3. Activism for access to

the credit and reform and the changing of the regulatory policies and the laws that will support an increased black homeownership rate. 4. Activism at the community level where action-based outreach raises awareness and educates communities across the country of the importance and the crucial role of homeownership in plugging the gap between the whites and African Americans in the country. 5. Advocacy and training in leadership development for the NAREB local leaders and other community and neighborhood stakeholders. 6. Business development training and technical assistance for African Americans through NAREB’s share of the wealth series and NAREB university. 7. Neighborhood and Community

Development Projects that foster homeownership;

This is no easy challenge, and NAREB is fully aware of this fact. Eliminating a 30% gap in homeownership at a time when the sector is facing numerous challenges will not be easy. As such, it will take not only dedication but also organization discipline, advocacy, focus, and partnerships with faith, business, foundation, and the public sectors. wealth through real estate acquisitions. Raising the awareness of the critical role that homeownership plays in wealth creation in the communities of color. Transforming targeted neighborhoods in selected cities. Advocacy at the national, state, and local legislative and regulatory reforms to promote democracy in housing that will help increase African American homeownership rates.

A Challenge NAREB Is Ready For

This is a program that NAREB looks to implement both at the local and national levels with its staff, consultants, members, affiliates, faith-based institutions, community and neighborhood organizations, and public and sector institutions.

This plan by NAREB is one of the most brilliant nationwide outreach programs. More homeowners will be added, and thus, the black wealth will begin to grow exponentially. This is not the only program that NAREB has embarked on, the organization is also doing the House Then A Car campaign that targets millennials. All these changes started happening when Donnell T. Williams was made the president of NAREB.

Who Is Donnell?

Donnell T. Williams is a record broker and the owner of a prestigious real estate firm, Destiny Realty, which is headquartered in Morristown, New Jersey. He serves as the current president of the National Association of Real Estate Broker, NAREB.

Measuring the Impact of The Program

NAREB will measure the progress and the impact of the program through the following criteria;

Increasing the homeownership rate in the communities of color over a time span of five years. Increasing the size and scope of black businesses in the real estate industry. Strengthening the foundation of black

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Donnell has been actively involved in trade associations, especially with NAREB’s efforts to promote a meaningful exchange of ideas about real estate business and how to serve its clientele best. Destiny Realty, which he leads, is one of the largest African American independently owned real estate brokerage firms in the state of New Jersey. His Leadership and Membership positions Mr. Williams has held several leadership positions, which has positioned him as the president of NAREB, where he encourages professional development and increased l 61

industry knowledge. He has also worked to create an environment that fostered creativity in the workplace as a goal for the NAREB members. Apart from his professional commitment to NAREB, Mr. Williams also holds membership in the North Central Jersey Association of Realtors and the New Jersey Association of Realtors. He is a member of the Board of Adjustment for Morris (N.J.) Township, and a member of the United States Developers Council. In addition, Mr. Williams is a licensed realtor since 1992 and a licensed broker since 2001, he earned membership in the New Jersey Million Dollar Club (1995-2000). He also holds certification as a residential manager and housing counselor. Currently, he serves as a chairman of the Board of the New Jersey Association of Minority Real Estate Professionals.

Community involvement

As a resident of Morris Township, Donnell’s community and civic involvements include active membership as a Deputy Grand Master of the Most worshipful Oriental Grand Lodge, a Member of Morris Community Minority Concerns Advisory Committee and an NAACP Silver Level Lifetime member.

An Agenda for the Millennials

After his inauguration as the 31st NAREB president on August 1st in his speech, Donnell set a bold yet targeted an agenda to increase Black Wealth through homeownership with a special focus on reaching the country’s millennials. The 72nd Annual NAREB convention happened just a few days after the U.S Census Bureau released its 2nd quarter 2019 homeownership rates, which listed Black Homeownership rate at 40.6%, the lowest in more than 50 years. Which in comparison to the non-Hispanic whites, there was a 30 percent gap. ”Bold, energetic, and effective action must be taken to stop this unthinkable slippage in Black wealth. Homeownership and investment in real estate represent the tools Black Americans, in general, and millennials, in particular, can use to build or rebuild their wealth. My plan to reverse the downward slide is to reach the 1.7 million mortgage-ready Black millennials who make over $100,000 annually, but have delayed or not considered homeownership as part of their wealthbuilding strategy,” Williams stated. He also stated several initiatives that speak directly to the millennial demographics. In the spotlight, one program that drew a lot of applause from the audience when he said, ”Our people need to know that you are in violation if you drive a Land Rover and you pay rent to a landlord.” This is an initiative dubbed House Then a Car is set to launch shortly, and it concentrates its financial focus on attracting millennials and Gen-X-ers to home buying or investment in real estate investment opportunities to build sustainable wealth. Donnell emphasizes that NAREB members Realtists have to embolden themselves as well as their potential customers. He noted, ”We must Educate, Empower, and Mobilize ourselves as well as the Black American public. Wealth building through homeownership is indeed possible, and we need to make that happen.”

Sources;

http://housethenthecar.com/ http://www.nareb.com/2mn5/ http://www.nareb.com/profile/dwilliams/

Donnell Williams