The Urban League of Louisiana and Neighborhood Housing Services of New Orleans have partnered with Hancock Whitney Bank to provide financial education sessions to help create more minority home ownership opportunities.
"Owning your own home is one of the many milestones on the pathway to American prosperity, but data shows that this dream remains out of reach for many African-Americans and minority communities in Louisiana and throughout our nation," said Erika McConduit, president and CEO of the Urban League of Louisiana.
Hancock Whitney put up $50,000 to support home ownership efforts. Financial education programs will teach potential homebuyers about mortgages, the importance of good credit and how to avoid financial pitfalls that could jeopardize home ownership.
A seminar titled “Opening the Doors to Homeownership” already is scheduled from 6 p.m. to 8 p.m. Nov. 16 for members of the Urban League Young Professionals at the Urban League’s New Orleans office.
“A shared dream among many of our New Orleans and Baton Rouge citizens is owning their own homes, but that dream can be difficult, if not impossible, to achieve without help from dedicated advocates,”said Sunada Pool Brookins, Hancock Whitney's Community Reinvestment Act and community affairs director.
A group of Whitney Bank officers helped establish Neighborhood Housing Services 41 years ago and many of the bank’s leaders, including Whitney Bank President Joe Exnicios, have served with Urban League of Louisiana and were instrumental in helping the agency acquire its first headquarters facility.