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Mannaan organization focused on affordable homeownership, backs the proposed $10 Million Black Homeownership Fund proposed by Washington’s Mayor Browser. Sasha-Gaye Angus, President & CEO of Manna Inc. praised Mayor Browser’s budget proposal to create a Black Homeownership Fund for the Fiscal Year 2023 in a statement released today. “I applaud Mayor Bowser for taking this affirmative step in addressing racial economic equity through homeownership. The need for racial equity is well-known and documented. In 2014, first time Black homebuyers could afford just 9.3% of homes sold in the District, compared to the average White household which could afford 67% of these homes; but the gap is even wider today. Almost 75 mortgage-ready buyers are being seen at our Homeownership Center, yet they are challenged with finding affordable homes . Creation of this fund allows for greater…
Full story available on Benzinga.com
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