The Term SHIBA, is the acronym used to represent our focus on the State of Housing in Black America (SHIBA).
The recent collapse of the housing market and subsequent recession has been particularly devastating to the Black community. Not only has our homeownership rate plummeted, but, accessing mortgage credit has become nearly impossible outside of government insured programs such as the FHA and VA. Unemployment also remains high, in the double digits for Blacks, and vacant and abandoned properties clutter our communities. The SHIBA Report is designed to shed light on many of the issues centered on foreclosure mitigation, neighborhood blight, and disaster recovery for Blacks. More importantly, NAREB has endorsed several policy initiatives in this report. They address rebuilding the mortgage finance system to make loans more available for Black families, ensuring an adequate supply of credit to finance affordable rental housing, and creating a funding vehicle—specifically a community infrastructure bank—to provide the financing to enable broad-based community revitalization and jobs for unemployed workers.
The SHIBA Report is very comprehensive. It provides a detailed view into the real numbers and facts that impact and impede Black families from realizing the dream of homeownership. NAREB is committed to changing the statistics through our members and industry relationships. Our goal is to continue to show Black families the issues which affect them, and bring solutions to overcome these barriers. Since the earliest report in 2013 to present day , NAREB has moved beyond the data to provide solutions. For more information, contact one of our local REALTISTs.