Nonprofit hopes to boost African-American homeownership through financial education
San Antonio โ A San Antonio nonprofit organization is focused on increasing Black homeownership in the Alamo City. How can we educate our African American families on what it takes to get into homeownership?โHe said generational wealth is important to think about. You may be in there for seven years.โHe said people in the African American community are more likely to rent than buy. โWhen you can buy your house for $150,000 and three years later, you can sell it for $180,000, that $30,000 can go into your new house,โ Paris said. Though, African American families are the main target, Paris said they will help anyone who needs assistance.