First member of program to help Black residents with home ownership closes on property
MADISON, Wis. — A Madison woman has closed on the purchase of her home thanks to the help of a new program for first-time homebuyers.
The OWN IT: Building Black Wealth grant program allows area families to receive a $15,000 grant to purchase their first home.
Families receiving a grant are among the first to complete wealth-building and homeownership courses offered at One City Schools. After completing both courses, those ready to search for and purchase a home can apply for the grant.
Grant recipients then have nine months to buy an owner-occupied single-family home, condo or duplex.
“The invaluable part to me is those community connections,” the new homeowner, Kelsey Glavee, said. “(In) every course, we had somebody from the community come in and talk to us, so that’s how I found my lender, that’s how I found my realtor, and honestly I wouldn’t have known where to start the process without those connections.”
The group’s mission is to guide Black and Brown families toward homeownership and financial freedom. The program is currently in its pilot phase and is exclusively for families with children enrolled at One City Schools as well as staff members and school alumni.
To learn more about the program, click here.
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