Young Black Professionals, HBCU Students Join Movement for Homeownership, Financial Education – The Charleston Chro…


Center for Financial Advancement events have drawn high levels of interest from students and young Black professionals

(TriceEdneyWire.com) – The housing crisis that caused more than nine million people to suffer foreclosure and even homelessness due to the economic slump across the U. S. 10 years ago, has now fully recovered for everyone – except people of color – especially African-Americans.

“Black people are moving into homeownership at a much slower rate than anything we have seen in the past,” says Laurie Goodman, co-author of an Urban Institute report titled, “Are Gains in Black Home Ownership History?”

The report, released last year, continues, “Gains in black homeownership have been hard won, which amplifies our concern that in the last 15 years, black…

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