Discussing how the affordable housing lottery can be a viable pathway to homeownership | Basic Black скачать в хорошем качестве

Discussing how the affordable housing lottery can be a viable pathway to homeownership | Basic Black

On this episode of Basic Black, homebuying educators and financial experts discuss how the housing lottery can be a pathway for people of color to secure a home and possibly build generational wealth. Joining Paris Alston, co-host of Morning Edition, 89.7: Renee Taylor, Economic Opportunity Director, Somerville Community Corporation; Linda Warren-Cato, Homebuyer Educator, Financial Education Associates; Tayla Andrè, Realtor, Thumbprint Realty; and Sabrina Antoine Correia, Vice President of Corporate Responsibility, JPMorgan & Chase. Episode Chapters: 0:00 Show theme song. 0:30 Show topic: Affordable Housing Lottery 1:05 Paris introduces panelists. 1:50 Paris asks what is the current state of Boston's housing market. 1:51 Tayla explains the available inventory and eligibility for the housing lottery. 3:56 Renee talks about the high demand and interest in homebuyer education courses. 4:44 Linda agrees there is an increase in participants for online courses. 5:32 Sabrina talks about the impact of volatility on the housing economy. 6:40 Tayla agrees that demand is high, but home purchases are low. 7:36 Renee talks about how curious buyers are seeking guidance. 9:28 Linda discusses whether the housing lottery is a viable option. 12:35 Sabrina details the available home loan products and how to be financially prepared. 14:05 Tayla says to assemble a support team in homebuying: a lender, a realtor, a lawyer, etc. 16:15 Sabrina says it is important to learn and understand your financial health. 16:52 Linda agrees that her program provides unbiased mentorship. 17:45 Renee talks about learning the affordable property restrictions. 19:57 Linda says there is a hard truth about creating home equity from affordable properties. 21:25 Tayla talks about deed restrictions and transferring property among family members. 23:44 Linda talks about AMI differences for municipalities 25:30 Paris asks each panelists whether the housing lottery can help homebuyers. 26:10 End of Show / Show Credits Roll 26:46 Digital post-show begins 26:50 Sabrina explains the variety of homebuyer products offered by Chase. 29:25 Tayla describes the 203k FHA loan, a rehab mortgage loan. 31:12 Linda talks about learning about the types financial loans available. 33:06 Tayla says the limits of return of investment in rehab projects. 33:42 Renee shares the impact of the changing fabric of communities of color. 35:05 Linda shares how her family created generational wealth from an affordable property. 36:39 Linda breaks down the demographics of homebuyers attending courses. 37:29 Tayla says there are more young buyers looking for investment. 37:50 Sabrina talks about targeting younger customers for financial planning. 38:15 Tayla says that the number one demographic is Black women. 38:52 Sabrina explains the impact of more homeowners of color on the economy. 41:45 Renee expresses the feeling of helping others buy their first home. 42:35 End of Post-Show / Fade to Black Follow us on Instagram:   / basicblackgbh   Follow us on Facebook:   / basicblackgbh   Follow us on Twitter:   / basicblackgbh   To view some of our previous episodes of Basic Black, please visit our website: https://www.wgbh.org/basic-black Help us keep bringing you the local news that matters to YOU, right here on YouTube. Donate today: https://bit.ly/3MJ09Fm A transcript of the show will be available upon request. #BasicBlackGBH #AffordableHousingLottery