We want to help first-time homebuyers face the vastly different landscape in the San Francisco the Bay Area, given the current mortgage crisis and the uncertainty surrounding California’s real estate industry. It’s their dream. We can help make it a reality.
San Francisco, CA (PRWEB) September 22, 2010
“The San Francisco Homeownership Fair, through accessible and relevant education, connects our low- to moderate-income families with opportunities to call San Francisco home, further sustaining our unique and diverse San Francisco community. Thanks to MEDA, the city now has a vital resource that educates families on how they can achieve their dreams,” remarked 2009 HOF keynote speaker, David Campos, City Supervisor.
With an expectation of over 1400 attendees, the Fair will introduce a diverse cross section of local residents to homeownership opportunities available in San Francisco and throughout the Bay Area. Information on traditional homeownership products, affordable opportunities, and resources for existing homeowners will be distributed by a variety of organizations including lenders, realtors, non-profit organizations, government agencies, and other industry-related businesses. Experts will be onsite facilitating workshops on crucial topics such as credit and debt management, how to avoid common pitfalls, qualifying for a home loan, and special down-payment assistance programs for first-time homebuyers. The event will be completely trilingual in English, Cantonese, and Spanish.
Last year, over 700 enthusiastic attendees, including families from 41 different Bay Area zip codes: 75 percent from low- to moderate-income families and an estimated 77 percent minorities were engaged with 38 exhibitors through business-sponsored tables and workshops, thus demonstrating a high demand from Bay Area residents for information about homeownership opportunities.
“San Francisco has the lowest rate of homeownership in the nation: only 38% compared to 68% nation-wide, and it comes as no surprise that minority groups experience an even lower ownership rate. Our goal for the fair is to promote and provide prospective homebuyers with a clearer understanding of the current housing market so that they buy right the first time,” said Josie Ramirez, MEDA Homeownership Program Director. “We want to help first-time homebuyers face the vastly different landscape in the San Francisco the Bay Area, given the current mortgage crisis and the uncertainty surrounding California’s real estate industry. It’s their dream. We can help make it a reality.”
The 6th Annual San Francisco Homeownership Fair is a project of the SF Affordable Homeownership Steering Committee, a coalition of local banks, non-profit organizations and the city of San Francisco working to increase homeownership among low-income and minority households. Spearheading the effort is the Mission Economic Development Agency (MEDA), which for nearly 40 years has provided economic empowerment for San Francisco’s low- to moderate-income Latino families through business development opportunities and homeownership counseling services. For more information, contact MEDA at http://www.medasf.org.