Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Music Manager Daniel Carter Starts Organization To Help Black Residents Become Homeowners With Larger Mission To Rebuild Black Wall Street

by RaquelHarris
June 29, 2020
Reading Time: 2 mins read
0
Dozens Of Dead Sea Lions Found Washed Up On California Coast

istock

Share on FacebookShare on Twitter

The gentrification of historically Black neighborhoods is happening quickly in South Los Angles. Music manager Daniel Carter is fighting against it by creating an organization to help Black people transition from renting to homeownership.

Carter founded the organization Buy Back the Block L.A., which educates South Los Angeles residents on how to invest and buy properties with the goal to combat gentrification, according to The Hollywood Reporter. In addition to running the organization, he also invests in real estate while running his music management company, Pray and Floss. THR reports that Carter has been operating Buy Back the Block for a year now, alongside co-founder LaToya Tonodeo.

“Homeownership is very difficult in Los Angeles because of pricing and lack of inventory, particularly for a group of people trying to get over the social hurdles we are trying to get over,” said Carter. “Communities that were traditionally Black like Inglewood are starting to become not Black. We are watching the walls closing in from all sides.”

The idea for the organization, Carter says, was inspired after the beloved L.A. rapper Nipsey Hussle was murdered. Carter’s mission was to continue the advocacy and efforts of Hussle, who was famous for preaching and facilitating Black wealth, financial literacy, and investing in the community. Today, Buy Back the Block hosts online meetings that include guest speakers from the real estate industry, including house flippers, brokers, and loan officers, who help attendees understand the ins and outs of real estate, from credit scores, securing loans and more.

The importance of Black homeownership is much grander amid the #coronavirus, which has disproportionately affected the Black community. In general, over the last 10 years, out of 15 L.A. neighborhoods where homes values increased the most, 11 were in South L.A., THR report via Property Shark. That’s with the median sales rising up to 184 percent. Black homeownership is just at 30 percent compared to 56 percent for white homeowners. At this time, Black neighborhoods have been greatly impacted by #Covid19. South L.A.’s View Park-Windsor Hills, an area known for its affluent Black residents, currently has an unemployment rate of 32.2 percent – the highest in all of non-white Los Angeles. In 2018, the Brookings Institute found that homes in Black neighborhoods are devalued by $156 billion in the U.S.

These are all reasons why Carter is making it his duty to change the narrative for Black homeowners. His “larger mission” is” to … rebuild Black Wall Street,” which is a reference to the affluent Black neighborhood in Greenwood, Tulsa, Oklahoma, which was destroyed by white supremacists and the U.S. government back in 1921. “There’s so many layers to Black Lives Matter-ing. It’s about reform, it’s about justice, it’s about generational wealth, it’s about fair wages, it goes across the board,” said Buy Back the Block member and actor Arlen Escarpeta.

Dozens Of Dead Sea Lions Found Washed Up On California Coast
istock

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: blackBuy BlackEstateLALos AngelesReal Estate

Related Posts

ICE Can Now Deport You to a Whole New Country With Just Six Hours’ Warning
News

ICE Can Now Deport You to a Whole New Country With Just Six Hours’ Warning

July 13, 2025

The Trump administration’s hardline immigration stance is making a comeback, and this time, it’s moving at lightning speed. A newly...

Panera Bread Settles Lawsuits After Charged Lemonade Blamed for Deaths and Heart Damage
News

Panera Bread Settles Lawsuits After Charged Lemonade Blamed for Deaths and Heart Damage

July 13, 2025

Panera Bread has settled every remaining lawsuit tied to its now-discontinued Charged Lemonade beverage, following intense scrutiny after multiple people...

Federal Judge Strikes Down Biden-Era Rule That Wiped Medical Debt From Credit Reports
News

Federal Judge Strikes Down Biden-Era Rule That Wiped Medical Debt From Credit Reports

July 13, 2025

A federal judge in Texas has struck down a Biden-era policy that aimed to erase medical debt from Americans’ credit...

Palestinian Activist Mahmoud Khalil Says Trump Admin Tried to Make an Example of Him After ICE Detention
News

Palestinian Activist Mahmoud Khalil Says Trump Admin Tried to Make an Example of Him After ICE Detention

July 13, 2025

Mahmoud Khalil, a Palestinian activist and former Columbia University student, is speaking out after being held in U.S. immigration detention...

Next Post

Grizzlies Player Ja Morant Apologizes For Anti-Police Statements, Calls For Justice For Breonna Taylor

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d