Participants in the HomeRun Homeownership Program are eligible for up to $5,000 in match money.

Black Home Ownership Program

The Center for Community Self-Help (an arm of Self-Help Credit Union) and the YMI Cultural Center are pleased to announce a new collaborative program focusing on Black Home Ownership.

This program, which is made possible through a generous grant from the Dogwood Health Trust, works to increase the number of people of color, especially African Americans, in WNC who are on the path toward achieving home ownership.

According to Dewana Little, Interim E.D. of the YMI and Community Relations Officer with Self-Help, home ownership is a cornerstone of building wealth, but the hurdles toward home ownership for people of color are often overwhelming. “Since I recently completed my own journey toward home ownership, I am painfully aware of the difficulties for people who do not come from a background of wealth and privilege. We hope, with this program, to knock down some of the barriers, provide a space for learning, and create a cohort of people working toward home ownership together.”

Program details include: one-on-one coaching in financial capacity/wealth building; workshops on relevant topics such as “Building Credit/Growing Wealth,” or “The First Steps Toward Home Ownership;” mentors to work with people pursuing home (or small business) ownership; the Successful Transitions program (highlighted previously in The Urban News), which involves a matched savings program as well as an introduction to important local resources; and, connection to Down Payment Assistance.

Collaborative partners involved in the Black Home Ownership program include Buncombe County STEP program, Community Action Opportunities, Habitat for Humanity, WNC Community Foundation, Housing Authority City of Asheville, OnTrack WNC Financial Education and Counseling and the Real Estate Apprenticeship Program, as well as local non-profits.

The Black Home Ownership Program launched at the YMI Cultural Center this month with the first “Money Talks” forum streaming live on Facebook. Future programs include sessions on money, budgeting, credit, wealth generation, and other topics supporting home ownership.

To set up a one-on-one appointment with Dewana Little, or for more information, go to calendly.com/littled, or contact Dewana Little at dlittle@ymiculturalcenter.org, or Jane Hatley at jane.hatley@self-help.org.

 

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