Throughout National Fair Housing Month in April, Coldwell Banker has been elevating the voices of minority communities by bringing awareness to current challenges, while also acknowledging the progress that has been made in providing equal housing opportunities for everyone. Industry leaders Lydia Pope, president of the National Association of Real Estate Brokers (NAREB), and Kurt Nishimura, president of the Asian Real Estate Association of America (AREAA) have shed insights into housing injustices as experienced by minorities.
This week, Coldwell Banker’s COO Liz Gehringer connected with Janice Lee, past chairwoman of the Chinese Real Estate Association of America (CREAA) and member of AREAA, who shared how fair housing has advanced over the years and the steps CREAA and AREAA are taking to continue tackling equal housing opportunity challenges.
Gehringer: How has fair housing progressed over the past few years?
Lee: Fortunately, there have been great strides in advancing fair housing initiatives and allowing underrepresented communities to fulfill their dream of homeownership. Progress started in the 1950s when a lawsuit against Asian discrimination was passed, creating an uptick in property ownership amongst the Asian community. The 14th Amendment, which granted citizenship to all persons born or naturalized in the United States, also served as leverage in increasing homeownership among Asian Americans.
Gehringer: How is CREAA tackling fair housing issues in 2023?
Lee: AREAA hosts a national Diversity and Fair Housing Summit in Washington, D.C., to connect community members and present issues currently affecting Asian American and Pacific Islander (AAPI) homeownership. The latter half of the year focuses on educational conferences and seminars where people from different organizations gather to discuss all topics affecting Asian Americans and real estate. In addition, CREAA hosts local real estate expos that serve to educate the community, specifically the Chinese population.
Currently, there is an issue* related to Texas Senate Bill 147, which explicitly targets and excludes property rights to certain individuals from China, Iran, North Korea and Russia. At one point, the verbiage of this law excluded green card holders from purchasing property in the United States, something that emulates exclusionary laws from the past. CREAA and AREAA are continuously working with various organizations to voice our opposition and the concerns of Asian Americans with this bill as we work to support Asian American homeownership.
Gehringer: What still needs to be done to create equal housing opportunities for all?
Lee: Many fair housing issues preventing Asian Americans from purchasing their dream property stems from an increase in Asian hate and vile rhetoric. Growing up in the United States, I’ve never feared walking down the street as much as I did in the early stages of COVID-19. Increased awareness and education are the first steps towards equal homeownership opportunities. I encourage people to step out of their comfort zone and expand their knowledge on fair housing, to vote for leaders in their community who will listen to the concerns of underrepresented communities and stand alongside CREAA. Make your voice heard and help elevate the voices of those around you. The more diverse our network is, the more likely it is that our message can resonate with politicians and lawmakers.
Gehringer: Do you have any personal stories related to fair housing?
Lee: Fair housing issues differ across the country. For instance, some communities might not face problems to the same level of severity as communities in other areas of the nation do. I was born in Hong Kong and although I am a U.S. citizen, if proposals like Texas Senate Bill 147 pass, I wouldn’t be able to invest in any real estate in the state of Texas. This is especially upsetting because for generations, being able to own property was so important to my family and community as real estate investment is seen as a great way to build and grow wealth.
STATEMENT OF PURPOSE FOR
Coldwell Banker Fairbairn Realty
Coldwell Banker Fairbairn Realty is a people-oriented company operating a quality real estate business dedicated to meeting the needs and expectations of our clients, our sales associates, our employees, and our community. These are our commitments:
TO OUR CUSTOMERS AND CLIENTS: Whether buying, selling, or leasing, we strive to provide for you the finest quality real estate services at a fair value and do it efficiently and enthusiastically.
TO OUR SALES ASSOCIATES/REPRESENTATIVES AND EMPLOYEES: Our desired goal is to provide for you a safe and secure work environment that builds self-esteem, a sense of belonging, pride and teamwork.
TO OUR COMMUNITY: We will be responsible corporate citizens by actively supporting local community development efforts. We will maintain facilities which enhance the neighborhood we serve.
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