HBCU CONNECT Announcements Menu

HBCU CONNECT Announcements
View Latest Posts
View Subscriptions
Posting Instructions

Active Bloggers

Reggie Culpepper Reggie Culpepper
Clark Atlanta University class of 1998
Kennedy Williams Kennedy Williams
Spelman College class of 2020
Loren Moss Loren Moss
The Ohio St Univ class of 1991
HBCU CONNECT HBCU CONNECT
Central State University class of 1995
Kamal Imani Kamal Imani
class of
Stephanie Snyder Stephanie Snyder
Florida A&M University class of 2018
Dixie Somers Dixie Somers
Other College... class of 2004
Will Moss Will Moss
Hampton University class of 1995

Dr. Roberta Hoskie’s 1,000 Black Families Homeownership Movement Targets Generational Wealth

NOTICE: This content is in pending status and not visible to those without the url...
Dr. Roberta Hoskie’s 1,000 Black Families Homeownership Movement Targets Generational Wealth
Posted By: Lady Shine on October 14, 2020

By Kyle McIver, ParadigmShift PR

NATIONWIDE-Theresa K. was in dire straits. After years of marriage, her husband left her and her children and filed for divorce. That divorce became very nasty causing her to lose the only home her children knew. More importantly, she wondered what legacy she would leave her children. It’s a question many black families have confronted for decades - actually centuries.
In the past few years, we have heard pundits in the media echo the long-held ideas of brilliant & outspoken black scholars like Dr. Claude Anderson, Dr. Walter E. Williams, Dr. Boyce Watkins and others attributing economic inequality to many factors, the largest of which being the inability to transfer wealth from generation to generation. Simply put, having property or a business that parents are able to leave to their children increases their family’s overall wealth. Many do not understand the implications and impact wealth retention can have on wealth creation.
Dr. Roberta Hoskie’s 1,000 Black Families, a program started as an initiative to help families get into their own homes, has rapidly become a movement to address the wealth gap among black families nationwide by providing the education, tools, and structure needed to acquire low interest mortgages and help with closing costs. In the immediate sense, this program is much-needed in a time when our country is being ravaged by a viral pandemic that has infected over one million people and **** over 200,000. This is at a time when we have a political structure that has not only failed black families, but been openly hostile towards them.
To say black family social and economic advancement has not only been hampered, but assaulted is not hyperbole. The history of this nation and research lay bare the effects of centuries of racism. “At $171,000, the net worth of a typical white family is nearly ten times greater than that of a Black family ($17,150) in 2016,” according to the Brookings Institute. The projection by another notable source, Statista, is that by 2024, the median household wealth will be $122,366 for white families compared to a shocking $1,233 for black households. There are a number of very specific factors & policies that contribute to this inexcusable disparity. But the single largest barrier is the inability of black families to attain property ownership and subsequently pass property on to their children. A white family with a combined household income of roughly $30,000 is typically wealthier than a black family with a combined wealth of $100,000, annually. However, all is not lost.
The 1,000 Black Families movement aims to address those very same inequalities. Having struggled as a single mother in the projects in New Haven CT, Dr. Roberta is all too familiar with the barriers that limit black economic progress.



After spending years speaking, writing, and teaching others how to break what she has dubbed “The Poverty Curse”, she seeks to share lessons she has applied to her own success with black families looking to increase their overall wealth. And in keeping with that critical mission, Hoskie’s daughter, Allia, a senior at Morgan State University, an HBCU, has worked as the Managing Director of the 1,000 Black Family Program and has been instrumental in the program’s development.
But what does it all mean? What can home ownership, and equity therein, provide outside of a place to live? Remember Theresa K.? Well she joined the program and was able to obtain a mortgage and buy a home on the same street she previously lived. She now has something to help her kids advance and ultimately pass on to them.
But let’s take this a little deeper…
Dr. Hoskie, author of Poverty Curse Broken: The Roberta Hoskie Story, also explained what having equity in a home means on a larger scale against the background of 2020’s socio-political unrest. She equates home equity to increased opportunity…and ultimately, increased economic power. According to Roberta, Home ownership means the ability to leverage that property’s equity to obtain lower interest loans to start a business, buy additional property, or put children through school. It also allows for families who have been victims of injustice to obtain better legal representation rather than a pro bono (free) legal services from attorneys who will take a larger percentage of any settlements awarded.
The 1,000 Black Families program seeks to boost black family home ownership that Hoskie says never fully recovered from 2008’s economic downturn. “With our program, the mortgage lenders we’re working with are providing 30-year and 15-year fixed interest rates…right now is the right time due to the low interest rates.” Additionally, the program is providing assistance with the often prohibitive closing costs by providing up to 1% back at closing. Families can sign up at the website. There is a low one-time fee associated with program entrance.
Once in the program, participants are provided the information needed to get started and paired with the lenders and realtors in their respective areas across the U.S.. The results thus far have been far above expectations. A husband & wife with the combined 540 credit score and a foreclosure, were able to buy the home they were renting. Dr. Hoskie has created a program that she wants to serve as “a stepping stone” to creating more wealth through equity and investment. “When we get you ready, we want you to be able to buy up more homes, the whole block, the whole neighborhood, the whole state,” she exclaimed.
It is a revolution without a single bullet fired. More importantly, it is a foothold in the American dream that has often eluded most black families.
This POWERFUL program is projected to add an additional ONE BILLION dollars of Generational Wealth in its 1st YEAR!!
To learn more about the 1,000 BLACK FAMILIES MOVEMENT or to become an affiliate for free visit 1000blackfamilies.com.

PRESS CONTACT:
Sarah Estel
203-498-2031 Ext. 1
bookings@robertahoskiestory.com

If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email!
Comments
Please Login To Post Comments...
Email:
Password:

 
More From This Author
Dr. Roberta Hoskie’s 1,000 Black Families Homeownership Movement Targets Generational Wealth
Dr. Roberta Hoskie’s 1,000 Black Families Homeownership Movement Targets Generational Wealth
Latest HBCU CONNECT Announcements
Nationwide Invests in Digital Partnership with HBCU Social Network, HBCUConnect.com

Nationwide Invests in Digital Partnership with HBCU Social Network, HBCUConnect.com

Nationwide’s Partnership Platform is making collaborating with other companies easy Will Moss knows how important strong partnerships can be. Moss’s company, HBCU Connect, provides a platform fo ...more
Will Moss • 644 Views • December 15th, 2020
IBM Provides Miles College with $2 Million in AI and Open Hybrid Cloud Technology Resources to Help Students Build Modern Ski

IBM Provides Miles College with $2 Million in AI and Open Hybrid Cloud Technology Resources to Help Students Build Modern Ski

IBM Provides Miles College with $2 Million in AI and Open Hybrid Cloud Technology Resources to Help Students Build Modern Skills FAIRFIELD, ALABAMA–November 23, 2020—Miles College announced today a ...more
Ashley Sutton • 222 Views • December 7th, 2020
Passhon - If I

Passhon - If I

Urban Recording Artist & Rapper Passhon recently released a new single entitled “If I” off of her Album ‘No Tamin Passhon’. The song shows a more Hiphop/R&B influenced style for radio appeal. Her rap ...more
Lenell Johnson • 580 Views • November 17th, 2020
Voorhees College Day of Giving Stream-a-Thon

Voorhees College Day of Giving Stream-a-Thon

Denmark, S.C.- After recently launching the Tigers Gladly Invest in Voorhees Education (G.I.V.E) Campaign, Voorhees College announces actress and singer Jo Marie Payton the official campaign chairpers ...more
Prince Brown • 315 Views • November 13th, 2020
Margo Simmons

Margo Simmons

In the world of creativity, music, and arts we see there is much more that goes into it than what meets the eye at first glance. The time, and effort spent can be overwhelming, but the end results are ...more
Lenell Johnson • 307 Views • November 13th, 2020
Popular HBCU CONNECT Announcements
Cardinal Health is serious about recruiting diverse candidates – Apply Today!

Cardinal Health is serious about recruiting diverse candidates – Apply Today!

HBCUConnect.com and Cardinal Health (www.cardinalhealth.com) recently launched a new partnership in which Cardinal Health has contracted with HBCUConnect.com to post job openings and recruit diverse c ...more
Will Moss • 64,610 Views • June 21st, 2015
HBCU CONNECT highlights 2011 top 50 employers of HBCU Students & Graduates

HBCU CONNECT highlights 2011 top 50 employers of HBCU Students & Graduates

Columbus, Ohio, USA October 10th, 2011-- Based on its extensive relationships with faculty and staff members at our nation’s Historically Black Colleges and Universities and also the largest database ...more
Will Moss • 8,830 Views • October 10th, 2011
Symantec Event for HBCU Grads Huge Success!

Symantec Event for HBCU Grads Huge Success!

Attending the event at Symantec’s headquarters in Mountain View, CA were more than 125 professionals from companies like Intel, Tesla, Apple, eBay, Yahoo, Google and others to discuss strategies for a ...more
Elynor Moss • 6,045 Views • March 11th, 2016
HBCUConnect gears up advertising campaign with Nissan

HBCUConnect gears up advertising campaign with Nissan

Next Generation Nissan Altima Shift_2.0 Advertising Campaign Launched on HBCUConnect.com Next Generation Nissan Altima Shift _2.0 attracts the attention of its HBCU audience on the original HBCU me ...more
Reggie Culpepper • 5,614 Views • June 27th, 2007
HBCUConnect.com Partners With Spelman College to produce

HBCUConnect.com Partners With Spelman College to produce "HIRE SPELMAN" Career Expo

HBCU CONNECT, the largest organization and website targeting alumni and students of Historically Black Colleges and Universities has recently partnered with Spelman College to produce "HIRE SPELMAN" ...more
Elynor Moss • 5,071 Views • August 13th, 2013
Please Give Us a Like on Facebook!