Category Archives: Wealth

You are here:

Home
Category "Wealth"

Philadelphia Mortgage Shopping Tips

Home Ownership, Personal Finance, WealthLeave a comment

Philadelphia Mortgage Shopping Tips: In today’s dynamic real estate market, characterized by surging mortgage interest rates, prospective home buyers in Philadelphia face a unique opportunity to make their homeownership dreams more affordable through smart mortgage shopping. Authored by Michaelle Bond, a staff writer for The Philadelphia Inquirer, the latest article delves into the powerful strategy…

Employer Assisted Housing Programs: Study

Featured, Home Ownership, WealthLeave a comment

National Housing Conference Toolkit for Building Employer Assisted Housing Programs The Employer Assisted Housing (EAH) programs are a solution that aims to help employees achieve homeownership. Firstly, first-time homebuyers can receive down payment and closing cost assistance in the form of a loan that the organization forgives over a 3- to 10-year period or a…

Higher Rates of Denial for Small-Dollar Mortgages

Home Ownership, WealthLeave a comment

The Federal Reserve Bank of Philadelphia performed a study and discovered higher rates of denial for Small-Dollar Mortgages in Pennsylvania, New Jersey, and Delaware. Mortgages valued at $100,000 or less can aid people with limited income and savings to purchase lower-cost homes. But a recent report uncovers that applicants for these loans in Pennsylvania, New…

Reinventing Our Communities FRB Philadelphia Cohort Program

WealthLeave a comment

The Philadelphia Federal Reserve Bank (FRB) developed the Reinventing Our Communities (ROC) Cohort Program to promote strong local economies by supporting neighborhoods across the U.S. to address structural discrimination and obstacles to opportunity. Cohorts are parties of cross-sector community leaders who partake in workshops and peer learning that allows them to acquire skills and develop…

Philly courts halt sheriff sales after outcry over abrupt shift to online platform

Featured, Foreclosure Prevention, Home Ownership, Wealth

Philadelphia courts have ordered a moratorium on Sheriff Sales until September, following weeks of outcry over a sudden switch to online sales and subsequent critique from City Council. The office resumed sales after a one-year hiatus due to the coronavirus pandemic and when it restarted sales, it followed the lead of a number of counties that had…

Black-led BanksGiving and Empify are focused on changing financial futures

Featured, Personal Finance, Wealth

Financial Literacy Month began as a one-day acknowledgment that now runs the entire month of April. But for these two social entrepreneurs, advancing financial literacy is a task for 365 days a year — especially when it comes to youth. Chris Banks, founder of BanksGiving believes that sound financial principles should be learned as early as possible and…