Magazine Articles Menu

Magazine Articles
View Latest Posts
View Subscriptions
Posting Instructions

Active Bloggers

Kennedy Williams Kennedy Williams
Spelman College class of 2020
Loren Moss Loren Moss
The Ohio St Univ class of 1991
Kamal Imani Kamal Imani
class of
Will Moss Will Moss
Hampton University class of 1995
HBCU CONNECT HBCU CONNECT
Central State University class of 1995
Reggie Culpepper Reggie Culpepper
Clark Atlanta University class of 1998
Antoinette Davis Antoinette Davis
Jackson State University class of 2027
LaMarr Blackmon LaMarr Blackmon
Cal St Univ, Long Beach class of 1992

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 Magazine Articles
How The American Journalists Deceive The World To Cover Up Bill Gates' Diabolical Agenda

How The American Journalists Deceive The World To Cover Up Bill Gates' Diabolical Agenda

Bill Gates and the 'Financial Times' journalist, Vanessa Kortekaas The media is known to play a significant role in education, awareness, and keeping everyone updated about global events. H ...more
Joel Savage • 171 Views • December 24th, 2020
Trump Couldn't Visit Africa, Because There Is No Country Called Nambia

Trump Couldn't Visit Africa, Because There Is No Country Called Nambia

Trump called an African country 'Nambia,' but no country exists by that name If someone doesn’t like Africa; the statements of the person can reveal it equally like his actions. Like father lik ...more
Joel Savage • 191 Views • December 10th, 2020
Homecoming at an HBCU

Homecoming at an HBCU

Arriving at William Exum Center on the Frankfort, Ky. campus, you will see a sea of scholars wearing Kentucky State University gear of kelly green and light gold and different colors ranging from gold ...more
Kailen Olison • 1,139 Views • December 9th, 2020
APARTHEID STILL EXISTS TODAY IN DIFFERENT VERSIONS

APARTHEID STILL EXISTS TODAY IN DIFFERENT VERSIONS

The symbol of apartheid dividing people to answer nature's call The bible is the best book to read, even though many don't value it. That book can transform a man to be upright, sincere, truthful ...more
Joel Savage • 219 Views • December 6th, 2020
APARTHEID STILL EXISTS TODAY IN DIFFERENT VERSIONS

APARTHEID STILL EXISTS TODAY IN DIFFERENT VERSIONS

The symbol of apartheid dividing people to answer nature's call The bible is the best book to read, even though many don't value it. That book can transform a man to be upright, sincere, truthful ...more
Joel Savage • 213 Views • December 5th, 2020
Popular Magazine Articles
What You Should Be Doing the Summer Before  Starting Law School

What You Should Be Doing the Summer Before Starting Law School

By Evangeline M. Mitchell, Esq., Ed.M. The summer before law school began, I was eager and excited about starting the journey to earn my J.D. I knew that I would be attending the University of Iow ...more
Elynor Moss • 7,563 Views • April 15th, 2013
TOOL #1: INITIATIVE - BE AN ENTREPRENEUR THIS YEAR

TOOL #1: INITIATIVE - BE AN ENTREPRENEUR THIS YEAR

By Jabria Earl Get to know our featured entrepreneur: NaAsiaha Simon the founder of "I Love My HBCU" T-shirts! I caught up with NaAsiaha and got the scoop on the newest, hottest item to hit campuse ...more
Elynor Moss • 3,205 Views • November 18th, 2011
How Not To Blow Your Refund Check

How Not To Blow Your Refund Check

By Masani Bailey: It was the fall semester of 2010. I was a freshman at Florida A&M University with both newfound funds and newfound freedom. Rick Ross’ B.M.F. was the number 1 song on the radio an ...more
Elynor Moss • 3,173 Views • April 15th, 2013
The HBCU Social Experience – To Be or Not To Be…Involved?

The HBCU Social Experience – To Be or Not To Be…Involved?

By: Loren Moss We all know the primary reason for going to college is the education. A very close second is for the experience that helps us to mature from a child into an adult and full participa ...more
Elynor Moss • 3,013 Views • October 2nd, 2013
Holler if Ya Hear Me

Holler if Ya Hear Me

By: Nicholyn Hutchinson Archival Collection of Hip Hop Artist Tupac Shakur at the AUC Robert W. Woodruff Library Passionate. Controversial. Compelling. Influential. These are only a few words ...more
Elynor Moss • 2,982 Views • October 2nd, 2013
Please Give Us a Like on Facebook!