Saturday, April 28, 2012 at the New Jersey Institute of Technology
NEWARK, NJ – On Saturday, April 28, 2012, New Jersey Citizen Action (NJCA) will bring together hundreds of women to honor those who have achieved homeownership through its free HUD-certified housing counseling program, and to explore the possibility of becoming first-time homeowners themselves. The event, “A Home of Her Own: Women’s Housing Initiative,” will be held at the New Jersey Institute of Technology (NJIT), located at 150 Bleeker Street in Newark, NJ from 2:00-4:00pm.
This inspirational event, which is being held during National Fair Housing Month, will give participants information on understanding the homebuying process, common credit problems, accessing affordable mortgages and/or grants and down payment assistance programs for low- and moderate-income first-time homebuyers, and understanding and avoiding housing discrimination, predatory lending, and other financial frauds. Additionally, speakers representing the thousands of women who have already completed NJCA’s free HUD-certified housing counseling program and have gone on to purchase their own piece of the American Dream will offer inspirational remarks to participants by describing their experiences, including the roadblocks they first encountered and the counseling process through which they finally attained homeownership.
Over the years, NJCA has helped more than 13,000 low- and moderate-income individuals across New Jersey realize the dream of homeownership. NJCA helps to make homeownership affordable for low- and moderate-income families by negotiating Community Reinvestment Act (CRA) Agreements with most of the largest banks, and some of the smallest banks across the state. In fact, over the last 30 years, NJCA has negotiated more than 30 CRA agreements totaling more than $22 billion in commitments to New Jersey’s low- and moderate-income communities. As a result of these agreements, low- and moderate-income individuals have access to below market rate, 30 year fixed, no point, no PMI mortgages, some of which come with down payment assistance.
This event is being co-sponsored by: the New Jersey Citizen Action Education Fund, U.S. Department of Housing and Urban Development, Capital One, Citi, HSBC Bank, NA, JP Morgan Chase, RSI Bank, Sovereign Bank, TD Bank, Union County Savings Bank, and Wells Fargo.