A free after school program is teaching students as young as nine years old about homeownership. The Black Housing Project is meant to help reverse a 20-year trend of declining Black homeownership. The number of homes owned by Black families across the five boroughs has declined by 13% since 2002.
Students in the program are introduced to concepts like saving money, credit scores, and banking. They’re also taught the difference between renting and owning, the effects of redlining, and key terms like affordable housing, mortgages, and subprime loans. The Black Housing Project is currently at four schools in Queens and Brooklyn with plans to expand to Staten Island and ultimately develop a curriculum that can be used in schools. Learn more here.
