HIGHLIGHTS FROM NATIONAL HOMEOWNERSHIP MONTH 2019October 2, 2019
NHSNYC’s 2019 Community Resource Fair
NHSNYC proudly celebrated National Homeownership Month this year with our annual NeighborWorks Week Community Resource Fair, hosted on June 8 at our Transport Workers Union Counseling Center in the Bronx. Over 200 individuals and families joined NHSNYC for a day of free multi-lingual homeownership orientations, Q&A sessions with experts and individualized counseling on first-time ownership, foreclosure prevention and financial management. A variety of banks, home inspectors, realtors, attorneys and city agencies were on-site to provide attendees with advice and guidance on topics ranging from mortgage financing to estate planning to city assistance programs for seniors. Check out this short clip of our event!
We thank our generous partners for their support and participation at NHSNYC’s 2019 Fair:
How NHSNYC is Helping Improve Minority Homeownership
NHSNYC was honored to be included in NeighborWorks America’s latest blog post about the importance of culturally-sensitive resources that can respectfully meet the needs of minority individuals and families who aspire to sustainable homeownership. In New York City we face a reality where the homeownership rate is only 32% (compared to 64% nationally) with 42% of homeowners being White compared to 26% Black/African American and 15% Hispanic/Latinx. As stated by our partners at NeighborWorks, “owning a home helps keep communities strong, create generational wealth and boost the U.S. economy.” But the journey to homeownership—and home preservation after that—is disproportionately more challenging for minority households.
Each year NHSNYC serves approximately 6,000 New York City residents, 95% of whom identify as being of minority status and 66% of whom are considered to be low- to moderate-income. Not only do we tailor our program offerings to meet the need of our clientele, we also strive to maintain a staff and board that adequately represents our communities as well–94% of our staff and 44% of our board are of minority status representing an array of cultural/ethnic backgrounds. Learn more about our work here and meet our team here.