Celebrating 50 Years of Fair Housing: The Dream of Home Ownership is Inclusive.
Home. What does it mean to you?
Home is the safe space we retreat to after a long day. It’s where we wake up on lazy Sundays and where we’re most comfortable in our skin. Home is where our kids spend years laughing and growing while tracking mud inside. It’s where we practice our speech in the mirror, iron that perfect work suit for a big interview, and have our friends over for a good barbecue. It’s where stay-at-home parents wrestle laundry and little ones. It’s where our best memories are made with family. It’s Home.
At On Q, we understand the ‘little things’ are what buying a home is all about. This is why we believe in making the dream of home ownership a reality—for EVERYONE.
Unfortunately, a glimpse into recent history reminds us that not so long ago, people of color, different nationalities, religious backgrounds, etc. struggled to achieve the dream of home ownership due to discrimination.
On April 11th, 1968, change came in the form of the Fair Housing Act. President Lyndon B. Johnson signed the Act in honor of the late Reverend Martin Luther King Jr. to prevent discrimination towards individuals and families of protected classes when buying, renting, or securing financing for a home.
The seven protected classes in the Fair Housing Act are:
- Familial status
- National origin
What is the Fair Housing Act of 1968?
The Fair Housing Act ensures that sellers, landlords, and financial institutions (i.e., mortgage lenders, banks, brokers) can’t refuse to offer a mortgage loan, provide home loan information to potential homebuyers, or set different interest rates for a loan based on any class, like those listed above. In short, it means no one in a protected class can be denied fair services and pricing for any reason other than their financial resources and qualifications. For more details about who’s protected visit the Department of Housing and Urban Development blog here.
Who Maintains It?
The Department of Housing and Urban Development (HUD) enforces the Fair Housing Act, and the Office of Fair Housing and Equal Opportunity (FHEO) investigates any claims of discrimination. If there’s evidence to suggest someone was discriminated against, HUD will hold a hearing to determine whether or not discrimination occurred.
This year marks the 50th Anniversary of the Fair Housing Act. At On Q, we have a lot to celebrate because we believe the Dream is INCLUSIVE, and the Act helps us reinforce that everyone has a right to their dream home and all the ‘little things’ that it makes possible. This anniversary inspired us to talk to our On Q Family about what home, the Dream, and Fair Housing means to them.
Here’s what we learned:
Kelly said, “Home is where I find unconditional love.” And Carlos added, “It’s a space where you can have meaningful conversations without judgment. Where you can take a break from this crazy world and just laugh with your loved ones. It’s a place to be thankful for how good you have it, because others may not have the same blessings. A lot of who I am today began at home.”
Melia said, “Home is not defined by four walls but possibly four factors: love, safety, thankfulness, and a place to call your own.” Tre mentioned, “Home is where I get to go and create memories with my friends and family. It’s the place that I get to be myself.”
Erin described, “Home is much more than a shelter for my family. It’s my opportunity to give my children a safe and loving environment; a place where they’ll make memories that last a lifetime, just like my parents gave me.”
The Dream is Inclusive.
Diversity is at the cornerstone of our beliefs at On Q, and the Fair Housing Act ensures that everyone can find a home no matter their skin color, gender, religion, disability, sex, national origin, or family status.
Martin Luther King Jr. said, “We cannot walk alone.” This quote aligns with our beliefs that the dream is inclusive. We aim to create a culture of collaboration inside the office and with our clients every day. On Q’s Mission is to simplify the mortgage process to make the dream of home ownership a reality – for EVERYONE.
We’ve introduced a revolutionary Spanish Platform to help a historically underserved community. We offer our 60- page Spanish mortgage website, loan application, mortgage calculators, Mortgage Consultants and operations staff, and critical loan documents to better serve the Hispanic Community on the journey home.
We’re very grateful for the Fair Housing Act and Martin Luther King Jr.’s activism, and the change both brought to the American Dream and home ownership as a result. At On Q, the Dream is INCLUSIVE and we all deserve to know the feeling home brings.
No matter where it may be, On Q wants to help you find your way Home.
About the Author
Before opening On Q Financial in 2005, John Bergman originated and funded 450 units a year as a loan officer. He founded the company with just $1M of personal life savings—committed to his vision for building the best independent mortgage organization in the industry.View John's Profile