Offering a $25,000 Down Payment Assistance Grant to One Lucky Fair Goer!
African American Homeownership Fair to Focus on Obtaining, Maintaining, Retaining, and Sustaining Homeownership, while continuing to close the minority homeownership gap!!
With the homeownership rate for African Americans in Portland still lagging below the national average. AAAH recognizes the high interest rates and the lack of affordable homes a huge barrier for most African Americans. On the flip side, more prospective buyers are trying to bridge the gap with additional down payment assistance and first-time homebuyer programs.
This year’s homeownership fair is scheduled for Sat., October 26 from 10am to 3:00pm at the Double Tree by Hilton, 1000 NE Multnomah in Portland. Parking is free. The event is FREE and OPEN to the public. Pre-registration is NOT required; however, the first 25 registrants will be entered to win a $100 gift card.
AAAH has recruited 25 homeowners who purchased within the last 25 years of hosting the fair. The 25 Homeowners will be recognized during the fair’s celebratory program beginning at 12 noon. Guest speakers include Commissioner Carmen Rubio and Bernie Foster, Skanner Publisher & founding member of AAAH. Invited and not confirmed: Governor Tina Kotek. Music will be provided by DJ Tha Jewler, and Alonzo Chadwick, Sr.
Back by popular demand is the “Homes for Sale” Bus Tour, designed to encourage and inspire homebuyer activities within a collective and fun atmosphere. A chartered bus will take 35 first time buyers to 7-10 homes for sale within the Portland Metro Area. Information on first-time homebuyer programs and the current market will be provided by AAAH, Kor Realty, and Fairway Independent Mortgage tour guides. The tour is FREE to attend for the first 35 registered.
Organizers with the AAAH hope those who take the first step by attending the FREE fair will continue to make progress towards buying a home long after the fair. To aid in this effort for those who wish to Obtain, Maintain, Retain, and Sustain homeownership AAAH provides wrap around services such as Deferred Maintenance/Home Repair/Water Leak Programs, Estate Planning, and our newest program to address the adverse effects of climate change, Power to the People PDX (P2P). P2P is funded by the Portland Clean Energy Fund (PCEF) and NW Gas. Qualified homeowners may receive electrical upgrades, furnaces, water heaters, insulation, and other upgrades to bring their home up to efficient standards. These programs are FREE to qualified applicants.
There will also be youth activities and great door prizes such as wine tastings, a $25,000 down payment grant and much more.
AAAH is a non-profit, HUD Approved Housing Counseling Agency that provides pre & post purchase counseling, 8-hour HUD certified homebuyer education, mortgage default/loss mitigation counseling, and limited financial assistance for first-time homebuyers and current homeowners. AAAH’s services are FREE and open to the public. AAAH is an equal housing opportunity agency.