Welcome Home

Owning one’s own home has long been a smart way of building intergenerational wealth that most minorities have denied. During the pandemic, with low interest rates and government stimulus programs, the homeowner’s racial gap contracted, but since then it has expanded into the widest chasm in a decade according to the National Association of Realtors. In July, the Federal Reserve recommended even more constraints. Their proposed changes would force banks to keep more capital for residential mortgages mad with smaller down payments. To accomplish this, banks will demand higher mortgage rates for borrowers who can afford to pay only a minimum down.

They claim that such loans are less reliable, so banks should protect themselves by retaining greater reserves against defaults. Advocates say this is necessary to ensure the banking system remains sound. The NAACP, the National Urban League and the Urban Institute are all skeptical. The Urban Institute’s investigation into the scheme’s bearing on lowerincome minorities
determined it as “particularly perverse in the face of efforts by the bank regulators and other government agencies to encourage banks to increase their lending to precisely these borrowers and communities.”

Meanwhile, Black home loan applicants are usually more likely to be denied loans than others. What’s an aspirational homeowner to do? Working aged whites are more than twice as likely as Black and Latino households to get sizable financial help from parents or other elders; African Americans are more likely to be helping their parents and other family members. Restrictions like these may make alternative financing arrangements, such as rent-toown, seller-financed mortgages, and land contracts seem more attractive, but they are more dangerous, more expensive,
and offer scarcer consumer protections and oversight than traditional mortgages.

They more often result in default and the loss of the home, and all monies paid. Still, there are legitimate options for those who qualify. The City of Houston sponsors three programs under their Home Buyer Assistance Program. One is a no-interest, forgivable loan (https://recovery.houstontx.gov/dr17/hbap/) offering up to $30,000 to income-qualified Houstonians who are first-
time homebuyers, or who have not owned a home in the last three years. Another is for homebuyers who lived in Houston during Hurricane Harvey (August 25, 2017) and are either buying their first home or replacing a home lost due to Harvey. The third targets shoppers who want to buy near an A- or Branked school, who are willing to place the land underneath their home
into the Community Land Trust. The application approval process for these takes about six weeks.

October 16, 2023, HOUSTON, TX – Congressional Candidate Amanda Edwards has raised over $1 million in less than 4 months, a substantial sum that helps bolster the frontrunner status of the former At-Large Houston City Council Member in her bid for U.S. Congress. Edwards raised over $433,000 in Q3 of 2023. This strong Q3 report expands on a successful Q2 where Edwards announced just 11 days after declaring her candidacy that she had raised over $600,000. With over $829,000 in cash-on-hand at the end of the September 30th financial reporting period, Edwards proves again that she is the clear frontrunner in the race. “I am beyond grateful for the strong outpouring of support that will help me to win this race and serve the incredible people of the 18th Congressional District,” said Edwards. “We are at a critical juncture in our nation’s trajectory, and we need to send servant leaders to Congress who can deliver the results the community deserves. The strong support from our supporters will help us to cultivate an 18th Congressional District where everyone in it can thrive.” Edwards said. “Amanda understands the challenges that the hard-working folks of the 18th Congressional District face because she has never lost sight of who she is or where she comes from; she was born and raised right here in the 18th Congressional District of Houston,” said Kathryn McNiel, spokesperson for Edwards’ campaign. Edwards has been endorsed by Higher Heights PAC, Collective PAC, Krimson PAC, and the Brady PAC. She has also been supported by Beto O’Rourke, among many others. About Amanda: Amanda is a native Houstonian, attorney and former At-Large Houston City Council Member. Amanda is a graduate of Eisenhower High School in Aldine ISD. Edwards earned a B.A. from Emory University and a J.D. from Harvard Law School. Edwards practiced law at Vinson & Elkins LLP and Bracewell LLP before entering public service. Edwards is a life-long member of St. Monica Catholic Church in Acres Homes. For more information, please visit www.edwardsforhouston.com

As September 13th rolls around, we extend our warmest birthday wishes to the creative powerhouse, Tyler Perry, a man whose indomitable spirit and groundbreaking work have left an indelible mark on the world of entertainment. With his multifaceted talents as an actor, playwright, screenwriter, producer, and director, Tyler Perry has not only entertained but also inspired audiences worldwide, particularly within the African-American community, where his influence and role have been nothing short of powerful. Born in New Orleans, Louisiana, in 1969, Tyler Perry’s journey to stardom was a path riddled with adversity. Raised in a turbulent household, he found refuge in writing, using it as a therapeutic outlet. This period of introspection gave rise to one of his most iconic creations, Madea, a vivacious, no-nonsense grandmother who would later become a beloved figure in Perry’s works, offering a unique blend of humor and profound life lessons. Despite facing numerous challenges, including rejection and financial struggles, Perry’s determination and unwavering belief in his abilities propelled him forward. In 1992, he staged his first play, “I Know I’ve Been Changed,” which, although met with limited success, was a pivotal moment in his career. Unfazed by initial setbacks, Perry continued to hone his craft, and by 1998, he had successfully produced a string of stage plays that showcased his storytelling prowess.

Calling all teenage student-athletes! If you have dreams of playing college soccer and wish to represent an HBCU, the HBCU ID Camp is your golden opportunity. From 8 am to 5 pm on November 11-12, Houston Sports Park will transform into a hub for aspiring male and female soccer players. Coaches from HBCUs across the nation will be present to evaluate, scout, and offer valuable feedback. Moreover, they might even spot the next soccer prodigy to join their collegiate soccer programs. This camp is not just about honing your soccer skills but also a chance to connect with the HBCU soccer community. You’ll learn the ins and outs of what it takes to excel on the field and in the classroom, which is crucial for a college athlete. The HBCU ID Camp is an excellent platform to network with coaches, learn from experienced athletes, and take the first steps toward your college soccer journey. To secure your spot at this incredible event, don’t forget to register [here](insert registration link). Space is limited to 120 participants, so make sure to reserve your place before it’s too late. It’s time to turn your dreams of playing college soccer into a reality.

Scroll to Top