Homeownership Equality Research Organization Aims Black Communities To Receives Assistance By Owning A Home – Here’s What You Need To Know 

Homeownership Equality Research Organization (HERO) is a nonprofit that aimed at Black communities to receive assistance to purchase a home.

Homeownership Equality Research Organization Aims Black Communities To Receive Assistance By Owning A Home – Here’s What You Need To Know (PHOTO: Yahoo Finance)

Homeownership Equality Research Organization (HERO)

Homeownership Equality Research Organization has been working together with real estate and mortgage professionals to ensure Black communities have their own homes because a study on generational wealth in underserved and disadvantaged neighborhoods found that 100 percent of the generational wealth in these communities comes from homeownership.

The Homeownership Equality Research Organization website stated that they offer various forms of support such as “downpayment assistance, debt relief, cash reserve improvement, and covering loan fees.

Moreover, these acts aim to combat the systemic biases that historically block disadvantaged black communities from becoming homeowners.

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HERO Offers Many Assistance Programs

Homeownership Equality Research Organization has multiple assistance programs that only offer downpayment assistance when credit is often the most prominent hurdle. Hence, the organization is unique in supplying debt-to-income assistance as well. In addition, it also provides credit counseling for free to low-income households.

There are several ways these aids take essence including in assuring interested homebuyers do not receive various credit inquiries which can negatively affect their credit rate. The HERO also acquire access to fintech apps, such as FinLocker, which provides borrowers with financial advisors as well as tools to help them manage their monetary needs and financial literacy training.

Currently, HERO is desiring personal and corporate donations to embolden their efforts. To support black communities, click here.

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