For Immediate Release: November 17, 2020
Contact: [email protected]
Thursday, Nov. 19, President Clinton and Sanjiv Das will host “Affordable Housing and (Re)Building the American Dream,” the second event in a new virtual series to address racial and economic disparities in wake of COVID-19
The event will feature conversations with the Mayor of Atlanta, Keisha Lance Bottoms, Former Secretary of Housing and Urban Development, Julián Castro, and Local Initiatives Support Corporation (LISC) President & CEO, Maurice A. Jones.
New York, NY - Thursday, November 19, President Bill Clinton and Sanjiv Das will host the second installment of “Building an Inclusive Recovery,” a Clinton Foundation series to address racial and economic disparities in the wake of COVID-19. This event will focus on homeownership as an effective and proven solution to building wealth and financial stability in America and will emphasize the need to create affordable housing solutions and focus on urban revitalization.
This pre-recorded event will be streamed via live.clintonfoundation.org/affordablehousing.
President Clinton stated, “The housing crisis has plagued America since long before the COVID-19 pandemic. But it is now even more urgent, especially as densely populated urban areas without enough affordable housing stock face new challenges from both the public health and economic impacts of the pandemic, affecting both renters and homeowners. The good news is that, whether through smart government policies or cross-sector partnerships, we know there are proven ways to make the dream of homeownership a reality for more Americans of all backgrounds.”
“We’re delighted to be a part of the dialog, and to support the Clinton Foundation initiative of “Affordable Housing and (Re)Building the American Dream,” said Sanjiv Das, CEO of Caliber Home Loans. “The COVID-19 pandemic has resulted in unforeseen economic reverberations for many across the nation, including the ability to obtain housing and the subsequent impact on urban centers. Caliber is committed to supporting efforts to identify and implement solutions which support homeownership, create affordable housing, and focus on urban revitalization.”
Under the Clinton Global Initiative (CGI) Commitment to Action model, these meetings provide a platform for the cultivation of new, specific, and measurable projects promoting an inclusive economic recovery. Each virtual event in this series will highlight approaches ready to be scaled or replicated. Following these events, Clinton Foundation staff will continue to bring people together and host additional conversations among partners to help facilitate action and drive additional impact.
This virtual conference session, produced in partnership with Caliber Home Loans, will include:
Affordable Housing and (Re)building the American Dream – a discussion with President Bill Clinton, CEO of Caliber Home, Loans Sanjiv Das, Mayor of Atlanta, Keisha Lance Bottoms, Former Secretary of Housing and Urban Development, Julián Castro, and Local Initiatives Support Corporation (LISC) President & CEO, Maurice A. Jones.
Homeownership is one of the most effective and proven solutions to building wealth and financial stability in America. However, the economic fallout from COVID-19 and a scarcity of affordable options are exacerbating America’s housing crisis, particularly in urban settings where cities are already grappling with the increased challenges of navigating the pandemic in densely populated areas. For Black Americans, even before the COVID-19 pandemic, homeownership rates were at an all-time low: just 40.6 percent of Black Americans owned a home in 2019, compared with 76 percent of white Americans. Latino homeownership in the United States is the fastest-growing in the nation, but still significantly lags behind white homeownership by over 24 percent, underscoring many of the broader challenges the United States faces as it seeks to close economic disparities. At the same time according to the National Low-Income Housing Coalition, the United States is short more than seven million homes for extremely low-income renters.
By investing in more affordable housing units, offering innovative financial products, and reimagining city landscapes, there is the potential to unlock affordable housing options while helping to close the economic wealth gap.
The Clinton Foundation and President Clinton launched this series of events to advance inclusive economic recovery and help to tell the stories of the important work being done as well as the significant challenges that we still need to collectively address. This series features conversations designed to create actionable results and spotlight the people, ideas, and businesses that are pioneering solutions to create more equitable wealth opportunities in the United States.
About the Clinton Foundation
Building on a lifetime of public service, President Clinton established the Clinton Foundation on the simple belief that everyone deserves a chance to succeed, everyone has a responsibility to act, and we all do better when we work together. For nearly two decades, those values have energized the work of the Foundation in overcoming complex challenges and improving the lives of people across the United States and around the world.
As an operating foundation, we work on issues directly or with strategic partners from the business, government, and nonprofit sectors to create economic opportunity, improve public health, and inspire civic engagement and service. Our programs are designed to make a real difference today while serving as proven models for tomorrow. The goal of every effort is to use available resources to get better results faster – at the lowest possible cost.
We firmly believe that when diverse groups of people bring resources together in the spirit of true cooperation, transformative ideas will emerge to drive life-changing action.
Learn more at http://www.clintonfoundation.org, on Facebook at Facebook.com/ClintonFoundation, and on Twitter @ClintonFdn.
About Caliber Home Loans
Caliber Home Loans, Inc. is a proven leader in the U.S. mortgage market with a uniquely diversified, customer-centric, purchase-focused platform with headquarters in Coppell, Texas. The company is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA. The company carries multiple servicer ratings from Standard & Poor's, Moody's, Fitch and DBRS.
For more information on Caliber Home Loans, contact:
Caliber Public Relations