NAR Statement to House Committee on Financial Services Hearing on Racial Equity Through Fair Access to Housing and Financial Services
Issue Date: March 10, 2021
117th Congress
House Committee on Financial Services
NAR submitted comments to the U.S. House Committee on Financial Services March 10th hearing on “Justice for All: Achieving Racial Equity Through Fair Access to Housing and Financial Services.” NAR believes that REALTORS®' livelihood and business depend upon making the American Dream of homeownership accessible to as many people as possible. Broad access to homeownership requires an open housing market that is free from discrimination. Discrimination distorts the marketplace, prevents qualified buyers from accessing housing opportunities, and denies neighborhoods the benefit of integration. Our economy, our communities, and the American people suffer when discrimination and segregation artificially constrain homeownership and limit the intergenerational wealth it builds. Conversely, when strong fair housing laws and practices are in place and segregation is addressed, all boats are lifted. Homeowners, communities, REALTORS®, and our economy can thrive.