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Saturday 21 October 2017
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New Financial Center Aims to Close Racial Wealth Gap – Starting with HBCUs

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By Hazel Trice Edney –

 

hbcu2(TriceEdneyWire.com) – During the 2008 housing crisis, an estimated 7 million Americans lost their homes due to foreclosure. African-Americans were hit the hardest with a loss of nearly $200 billion, according to the Center for Responsible Lending.

As the economy has struggled to recover and the housing market is now at a boon, a groundbreaking new program aims to permanently restore the wealth of Black homeownership – through new career opportunities and financial education at historically Black colleges and universities.

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