September 6, 2023, 10:45 AM - 12:00 PM (US Central)

Homeownership has proven to bring about significant benefits to families, neighborhoods and communities, creating a foundation for generational wealth and stability. However, historically underserved populations have faced barriers in accessing this fundamental opportunity due to financial illiteracy and limited access to resources. This session aims to address this disparity by shedding light on the best practices that have successfully increased first generation homeownership within these underserved populations across the state. We will bring together experts, community leaders, and housing advocates who have effectively implemented strategies to promote financial literacy and homeownership among underserved populations. Participants will gain valuable insights into the challenges these populations face and learn how to leverage tailored financial education programs to empower prospective homeowners with the necessary knowledge and skills.

Key Discussion Points:

Understanding the Barriers: Delve into the specific challenges faced by historically underserved populations when it comes to homeownership and financial literacy, such as limited access to credit, lack of financial planning, and the impact of redlining and discriminatory lending practices.

Community-Centered Approaches: Explore successful community-based initiatives that have increased homeownership rates among underserved populations. Learn how partnerships between local organizations, financial institutions and government agencies can create a supportive ecosystem to guide individuals towards responsible homeownership.

Access to Affordable Housing: Examine how affordable housing programs, down payment assistance, and affordable mortgage options can make homeownership more attainable for historically underserved populations.

Empowering Future Generations: Explore the long-term impact of homeownership on families and communities. Discuss strategies for passing down financial literacy knowledge from one generation to the next, creating a sustainable pathway to homeownership.