HOPE Awards: Fete for Those Closing the Gap

October 1, 2001

Seven individuals and groups will be celebrated in October for their role in helping more minorities become homeowners. The first national HOPE Awards will be presented Oct. 10 at the National Building Museum in Washington, D.C.

Organizations from throughout the real estate industry joined forces this year to launch the HOPE Awards in recognition of efforts being made to bridge the ownership gap between white and minority households.

HOPE stands for Home Ownership Participation for Everyone.

“The high interest in the awards and the quality of the applicants underscore how important minority homeownership is,” says NAR President Richard Mendenhall.

Some 200 applications were submitted for the awards, which recognize homeownership efforts in seven categories: real estate brokerage, education, finance, development, public policy, media coverage, and leadership. Winners were chosen by a panel of five leaders in housing and minority affairs: Henry Cisneros, former secretary of housing and urban development; Rep. John L. Lewis, D-Ga.; Rep. Maxine Waters, D-Calif.; Nicolas Retsinas, director of the Joint Center for Housing Studies at Harvard University; and Barton Harvey, chairman and CEO of the Enterprise Foundation.

The winners will each receive a $10,000 prize and a trophy.

The HOPE Awards were developed by a partnership between the California Association of Real Estate Brokers, the Chinese American Real Estate Professionals Association of Southern California, the Chinese Real Estate Association of America, the Korean Real Estate Brokers of Southern California, the National Association of Hispanic Real Estate Professionals, the National Association of Real Estate Brokers, and NAR. Cosponsors are Fannie Mae, Freddie Mac, Century 21, Coldwell Banker, ERA, Habitat for Humanity International, National Council of La Raza, Realtor.com, and the National Association of Home Builders.

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