Albuquerque to Increase Black Homeownership with Support of National Initiative

Read the full press release.  

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The City of Albuquerque’s Office of Black Community Engagement (OBCE) has been selected for the Opportunity Accelerator (OA), a cohort of national organizations promoting economic mobility, reducing racial disparities, and improving the lives of residents.
Specifically, the OA will support OBCE’s efforts to increase homeownership opportunities for Black residents by 5%, adding 41 new Black homeowners in 2023.
 “Being selected for the OA is a game changer for the Black community” said Nichole Rogers, City of Albuquerque OBCE Liaison. “We will be given technical assistance by some big-name partners who will help bring our ideas into fruition and help us implement strategies that are for the community and by the community to close the racial wealth gap.”

The City’s recently released Housing Equity Needs Assessment revealed that Black communities suffer from housing instability at higher rates, and that only about 16 percent of those residents are financially prepared to purchase a home. With support from the OA, Albuquerque will partner with the State of New Mexico, community organizations and lenders to offer financial literacy education, credit repair, down payment/closing costs assistance, and connections to realtors from the Black community. Read the full press release.  

OBCE's Strategy Team (pictured above) was recognized at the annual Black History Meet & Greet. The Strategy Team will be working closely with the OA to implement all the goals. 

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