The town of Baltimore is making certain first-time homebuyers have an opportunity.
LiveBaltimore, a nonprofit group that works to draw metropolis residents to stay inside Baltimore’s metropolis limits, significantly concerning homeownership, noticed a report variety of candidates final 12 months.
In response to LiveBaltimore information, 71 % of candidates have been ladies, and 73 % of these ladies have been single. A deeper dive into the numbers confirmed that 60 % of candidates have been between the ages of 25 and 44, and that the overwhelming majority, 81 %, have been Black. These numbers are in stark distinction with nationwide averages.
In 2025, 74 % of white People owned properties, in comparison with 46 % of Black People, in line with City.org. And Black debtors are twice as more likely to have their mortgage purposes denied. Therefore, LiveBaltimore has made it a precedence to contemplate Black ladies candidates.
“Single Black ladies are our No. 1 buyer by far, and actually by design,” Meghan McCorkell, LiveBaltimore’s government director, informed USA In the present day. “This can be a majority-minority metropolis, and so we need to foster that group.”
Per LiveBaltimore, the nonprofit markets to Black ladies by inserting them in commercials to point out potential owners within the metropolis that it may be completed.
Mayor Brandon Scott took to Instagram on Tuesday (Feb. 10) to tout this system’s effectiveness after USA In the present day spotlighted soon-to-be 35-year-old first-time home-owner Kourtnee Turner and Shaniqua Payne.
“In case you missed it… Take a look at this @usatoday piece that highlights Purchase Again The Block and our different focused efforts to extend homeownership!” he captioned the put up. “We’re very proud that Black Ladies are the face of the applications!”
