Alterra Adds Three Branches to Build African-American Homeownership

Aug 22, 2018

Las Vegas-based Alterra Home Loans has announced that its Legacy Division is opening branches in Atlanta, Dallas and Baton Rouge, La., as part of an effort to increase homeownership among African-Americans.

Ben Slayton, President of the Legacy Division, stated that Alterra plans to open branches in all major cities with an African-American population of 25 percent or more. He also aligned this endeavor with a recent initiative announced by the National Association of Real Estate Brokers to attain two million new African-American homeowners over the next five years.

"The African American homeownership percentage rate today is only 43 percent and this is 20 percent below the national average," said Slayton. "Today, less than one percent of all mortgage originators in America are African-Americans. This is a problem that cries out for a solution and I'm honored to lead that effort through Alterra's Legacy Division.”

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Phil Hall

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Aug 22, 2018

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