By Karen Stokes Milwaukee County is receiving $6 million in funding through the American Rescue Plan Act to expand affordable homeownership opportunities throughout the county. The county is building 120 new single-family homes in the City of Milwaukee’s King Park neighborhood that will support first-time homebuyers and provide equitable access to affordable-rate housing options for […]
Wisconsin Black Chamber Commits One Million Dollars to 99-year Old Black Owned Bank
Milwaukee)—Wisconsin Black Chamber of Commerce announced on February 21st its commitment to deposit $1 million in Columbia Savings & Loan Association—Wisconsin’s only Black-owned bank. The $1 million deposit from the chamber marks one of the largest deposits in the bank’s 99-year history, and this single commitment will increase the size of the bank’s total assets […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Record Inflation Shrinks Housing Affordability, Worsens Racial Wealth Gaps
Homeownership, historically a reliable building block to family wealth, is more of a challenge today for first-time homebuyers. As of 2022’s first quarter, the median price of an existing single- family home grew to $368,200, according to the National Association of Realtors (NAR), 15.7 percent higher than a year ago. By Charlene Crowell NNPA Newswire […]
June is National Homeownership Month
By Karen Stokes June is National Homeownership Month celebrating the value that homeownership brings to families, communities and neighborhoods in the United States. During the month, potential homebuyers are encouraged to explore incentives to achieve their goal of owning a home. Julia Over has experienced a series of important firsts in her life. She was […]
Three Key Steps For First-Time Home Buyers
For those considering home ownership for the first time, it may seem as if there’s a long list of details to tackle once the search begins. However, before potential buyers even start looking at homes, there are three important steps to take. The first step is getting your finances in order. Checking your credit rating […]
Owning a Home: Guidance from Your Local Home Lending Advisor
By Courtney Johnson & Kimberly McCloud JPMorgan Chase Are you considering buying your first home, but unsure where to start? Purchasing a home is one of the biggest financial decisions a person can make, and the path to ownership may feel confusing for many first-time buyers. Thankfully, it doesn’t have to be. Chase bank can […]
Homeownership Gap for People of Color in Wisconsin is Wide; Communities, Nonprofits Try to Close It
By Gaby Vinick and Alexa Chatham (Wisconsin Watch) Milwaukee Neighborhood News Service This story was originally published by Milwaukee Neighborhood News Service, where you can find other stories reporting on fifteen city neighborhoods in Milwaukee. Visit milwaukeenns.org. To Greg Lewis, the home was beautiful. Cozy and inviting, the two-bedroom house in Milwaukee had a finished […]
A Home Ownership Plan for the People
Here’s what home interest rates may one day look like, and what it means for your wallet By William Ulrich and Dennis Paulaha Home ownership is often the largest part of a family’s wealth. Yet, for too many, high mortgage rates make qualifying for a home loan and building equity a challenge. “A 1% mortgage […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
To Be or Not to Be… A Homeowner, That Is
by Angela Fitzgerald One of the most difficult transitions for me has been becoming a full-fledged adult, as the numerous decisions, responsibilities, and expectations can be overwhelming. I’m still very much a popcorn- for-dinner college student in my head. One adult decision is determining whether to become a homeowner. I faced this decision 6 years […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Buying vs. Renting
by Jasmine Zapata, MD Welcome to this week’s issue of Brown Girl Green Money. We are a collective of women of color working to reach financial freedom and inspire each other along the way. Thanks so much for joining us again this week. Today, I want to introduce a new series that BGGM will be […]