Restoring Homeowner Hope

Restoring Homeowner Hope

Purchasing a home is one of the biggest decisions a person will make. The process can be exciting, and equally daunting. But ultimately it’s a step toward fulfilling the American Dream.

In the wake of the current economic downturn, however, the notion of homeownership seems less attainable than before. And for many current homeowners, the threat of foreclosure has turned the American Dream into a nightmare. Hundreds of thousands of families each year are now faced with the reality of losing their homes due to high interest rates and subprime lending, and the crisis has hit the African American community especially hard.

Last year, a Pew Research Center study revealed that wealth among black Americans dropped 53 percent during the current recession as the result of falling home prices. What’s more, black homeownership rates fell to the lowest level in 16 years.

One company working to reverse these trends is HomeFree-USA, which has been a leader in bringing awareness to the foreclosure discussion in the black community.

Marcia J. Griffin

“Our mission is to provide both information and inspiration,” says HomeFree-USA president and founder Marcia J. Griffin. “We try to teach families and individuals that there are things they can do to improve their situations and avoid foreclosures.”

As a HUD-approved non-profit organization, Griffin’s organization has been aiding families across America in securing and maintaining their dreams of homeownership. According to Griffin, HomeFree-USA has helped more than 7,000 families since 1995, and not one of them has gone into foreclosure.

On Saturday July 21 in Chicago, HomeFree-USA will host “Homeownership for All,” a free community seminar designed to educate and encourage people interested in gaining more insight about buying or keeping a home, all while living debt free.

Joining Griffin and her team of experts will be the Rev. DeForest Soaries, senior pastor of First Baptist Church of Lincoln Gardens in Somerset, New Jersey, and the author of dfree: Breaking Free of Financial Slavery. Soaries, who will share spiritual principles for successful money management, brings years of practical experience on issues related to the black family. He formerly served as New Jersey’s Secretary of State and was featured in the CNN documentary Almighty Debt

“We think it’s imperative that churches and faith-based organizations be leaders in teaching their communities about financial literacy,” says Griffin. “No one has been giving us wise advice on these matters, so faith-based organizations have an opportunity to make a difference.”

Griffin, who as one of 19 HUD intermediaries in the nation is able to bring both informational and financial assistance to local communities, plans to take the “Homeownership for All” seminar to other cities as well. Following the Chicago event, HomeFree-USA plans to make stops in Detroit, Washington D.C., Miami, and Atlanta.

With high expectations for the Chicago meeting, Griffin says that her hopes are to have a full house. “We certainly want a packed house, with about 200 people determined to make their financial situation better,” she says.

For more information about HomeFree-USA and its upcoming events, call 301-891-8400 or go to HomeFreeUSA.org.

NAACP Boos Romney, but Obama Is Absent

NAACP Boos Romney, but Obama Is Absent

MITT’S PITCH: GOP presidential nominee Mitt Romney took his conservative message to the National Association for the Advancement of Colored People (NAACP) convention on Wednesday, telling the audience that President Obama’s policies have hurt African Americans. (Photo: Nicholas Kamm/Newscom)

Republican Presidential candidate Mitt Romney “received the most hostile reaction from any campaign audience this year” and “appeared unsettled by three rounds of loud boos” July 11 at  the NAACP national convention in Houston , The Washington Post reported.

‘Obamacare’ Opposition Booed

The booing came after Romney expressed his opposition to the Patient Protection and Affordable Care Act, The Postreported, but the article said “many portions of his speech received reserved cheers, such as his promise to defend traditional marriage, and many black voters in the audience stood to applaud him when he finished.”

Trumped Up Support

Colorlines published a gallery of frowning faces from the event and quoted tweetsfrom pundit Roland Martin that accused Romney of busing in supporters. Is anyone else  not surprised that a political campaign would bus in supporters, especially when the audience is expected to be less than friendly?

Failure to Connect

“It wasn’t just [Romney’s] sharply-worded criticism of President Obama’s policies” that drew the audience’s ire, according to BuzzFeed. “It’s that Romney doesn’t know how to talk to black audiences.” For example, Charlette Stoker Manning, chair of Women in NAACP, reportedly said, “I believe his vested interests are in white Americans. …You cannot possibly talk about jobs for black people at the level he’s coming from. He’s talking about entrepreneurship, savings accounts — black people can barely find a way to get back and forth from work.” I’m not sure about you, but to me that last bit sounds like a pretty insulting generalization.

Bold, Consistent Message

“We understand that folks aren’t going to agree with us 100 percent,” Romney adviser Tara Wallis quoted as saying. “But at the end of the day, I think that Gov. Romney’s message was bold. He said what needed to be said, and he said what he’s always said.”

Thumbs Up for Courage

“I give him thumbs up for being courageous,” William Braxton, a retiree from Charles County, Md. told The New York Times. However, Braxton also reportedly said he has “never, ever” heard Romney “say anything about how he would help the poor or underprivileged, let alone the black community.”

Obama Absence ‘Perplexing’

Molly Ball, of The Atlantic, found it “perplexing”that President Obama didn’t speak to the group at all, but instead sent Attorney General Eric Holder on Tuesday and Vice President Joe Biden today because of “scheduling” conflicts. “When the president is invited and sends an underling instead, that’s an undeniable dis, especially when his opponent shows up in person,” said Ball. “Obama, who won 95 percent of the black vote in 2008 (and who, you may have heard, is America’s first black president), may believe he can afford to take black voters for granted. But that’s not at all clear.”

Biden Draws Cheers

The audience was perhaps forgiving, because “Biden drew cheers as he credited Obama for championing a landmark health care law, launching the mission that killed al-Qaida leader Osama bin Laden and stepping in to rescue the financial system and U.S. automakers General Motors and Chrysler,” the Associated Press reported.

What do you think?

Is President Obama taking the Black vote for granted?