African American Alliance for Home Ownership Inc.
African American Alliance for Home Ownership Inc.
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More about this organization
Mission
Increase homeownership stability for african americans and other underserved individuals by providing access to advocacy, awareness and education.
About
The success in aaah's ida program continues to improve due to the overwhelming demand for the assistance it provides. aaah has a waiting list of 15 participants for the program and recently received our annual award which was significantly higher than last year. This will allow aaah to assist more clients in preparing for home ownership. We feel the increase in participant is a direct correlation to our present and past clients spreading the word to family and friends regarding our programs. During the year more than 500 households improved their mortgage readiness, while 80 households became mortgage ready. aaah is also identifying other resources to couple with. We have an opportunity to extend some of our clients to possibly 5 years which will provide additional savings time and match. We are in conversation with a few banks about additional subsides to help aaah bridge the affordability gap.
