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Sustaining Homeownership & Empowering First Time Homebuyers Seminar a Hit

Lanta Evans-Motte, Literacy Institute for Financial Enrichment | 4/7/2014, 10:30 a.m.
In celebration of National Fair Housing Month, about 70 people attended the "Sustaining Homeownership & Empowering First Time Homebuyers" Seminar ...
Prince George's County Council member Derrick Leon Davis addresses a homebuyers seminar at the Kingdom Square Mall in Capitol Heights on April 5.

In celebration of National Fair Housing Month, about 70 people attended the "Sustaining Homeownership & Empowering First Time Homebuyers" Seminar held Saturday, April 5, from 10 a.m. to 2 p.m. at the Kingdom Square Mall in Capitol Heights, Md.

Speakers, panelists and workshop presenters shared insights regarding First Time Homebuyer Programs (including housing assistance grants, programs, and support); Industry-wide Fair Housing Issues; New Rules for Mortgage Financing including "Qualified Mortgages"; Home Equity Conversion Mortgage Programs (HECM/Reverse Mortgages); Credit Scoring and Repair; and Foreclosure Prevention Resources.

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Panelists and event organizers shared insight regarding first-time homebuyer programs during a seminar at the Kingdom Square Mall in Capitol Heights on April 5.

Attendees were apprised of the vast resources available from county, state and federal agencies to assist them with securing, financing, and maintaining their homes. They were encouraged to contact a local HUD-approved counseling agency for pre and post-purchase home buying assistance and access to free or low-cost resources.

The event was presented by the Prince Georges County Alumnae Chapter, Delta Sigma Theta Sorority, Inc. (DST-PGCAC), and the Literacy Institute for Financial Enrichment (LIFE); with major support from the Maryland Department of Housing and Community Development (MD-DHCD) and U.S. Department of Housing and Urban Development (HUD). Other partners included Housing Initiative Partnership (HIP) and the Central Gateway Community Development Corporation(CG-CDC); along with Baltimore Neighborhoods, Inc. (BNI), Roots of Mankind (ROM), Prince Georges County Department of Housing (PG-DHCD), and the Coalition for Homeownership Preservation in Prince George’s County.

Keynote speakers included Prince Georges County Councilman Derrick Leon Davis (District 6) and Marvin Turner, Area Director from the U.S. Department of Housing and Urban Development (HUD). Both highlighted the importance of housing, housing support, and financial literacy to the well-being of County residents. Event panelists and speakers included Belinda Fadlelmola (HUD), Catherine Kraemer-Dale (MD-DHCD), Robb Strupp (BNI), Mary Hunter (HIP), Ross Levin (ROM), and Minister Deborah Scarborough (CG-CDC).

Exhibitors and workshop presenters included Prince Georges County Department of Housing, Maryland Department of Housing and Community Development, U.S. Department of Housing and Urban Development; Prince Georges Redevelopment Authority, and Housing Initiative Partnership.

Home ownership and home retention are key focus areas for financial literacy programs of both organizing organizations, the Literacy Institute for Financial Enrichment (LIFE) and Delta Sigma Theta (DST-PGCAC). "This event was designed to educate, enlighten and empower the citizens of our community regarding home ownership, home maintenance, and home retention", said event organizers.