Homebuyer education is easy to access

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It’s no news flash that buying a home is one of the biggest financial transactions most of us will ever make. It’s also common knowledge that purchasing a home is a complicated process, with many important choices and decisions involved along the way. Yet many of us turn to a Realtor® or lender we meet only as a result of some quick online research or an ad in a church bulletin, and we look to them to successfully guide us through the process.

This isn’t necessarily a bad thing. Realtors and lenders are in the business of helping people to purchase homes successfully. But there’s a smarter way to start the process, and it can save you from unnecessary frustration, anxiety and overspending along the way.

We’re talking about professional, HUDcertified homebuyer education and advising. This week’s installment from the Minnesota Homeownership Center will cover homebuyer education. (Advisory services will be covered in our next article.)

When it comes to homebuyer ed, the Minnesota Homeownership Center’s Home Stretch© workshop is among the best offerings out there. The regularly updated curriculum, newly refreshed as of May 1 to include input from past participants and aspiring firsttime buyers, is approved by the U.S. Department of Housing and Urban Development (HUD). Those presenting the class must earn HUD certification as professional homebuy- ing educators. Topics covered include Managing Money; Understanding Credit; Preparing to Apply for a Mortgage; Finding the Home that’s Right for You; Making an Offer; the Purchase Closing Process; What New Homeowners Need to Know; and more. The class presents the full story of homeownership, including its history of racism, its wealthbuilding and stabilizing impact today, and the opportunities for all of us facilitated by equitable access to owning one’s own home. Participants learn in a peer-to-peer environment and get to share the experience with others seeking the same goal.

The Home Stretch workshop stretches for eight hours, often divided into smaller chunks. And it’s designed with an eye toward keeping participants enthusiastically engaged. Outside experts, including local real estate agents, mortgage lenders, home inspectors and others, join the instructors for real-world discussions. And students leave with a host of resources to continue helping them into the future. Participants who have taken the class consistently rate it highly, with 93 percent of 2021 respondents eager to recommend the course to others.

While some loan products require HUDapproved homebuyer education as part of the mortgage approval process, the best time to take the class is before you start your homebuying journey. Even if you see homeownership for yourself as still a few years away, you can Get Ready now, so you’ll Be Ready when the time is right for you.

As luck would have it, (or perhaps by design via the careful timing of this article), June is Homeownership Month. And that means many Home Stretch workshop providers are waiving the usual $40 class fee. Advance registration is required for all classes, and a full list of class offerings, both virtual and in-person, is online at HOCMN. org/HomebuyerEd. Providers offering free classes this June in the Twin Cities include African Economic Development Solutions, CAPI USA, Model Cities, Neighborhood Development Alliance, NeighborWorks Home Partners, Project for Pride in Living, Urban League Twin Cities and Washington County CDA. Additional classes may be listed after the publication of this article. In addition to English, free classes are being offered in Amharic, Oromo, Somali and Spanish.

The bottom line is—knowledge equals power. Educated consumers make informed decisions, and set themselves up for successful, and sustainable, homeownership.

The Minnesota Homeownership Center’s Home Stretch homebuyer education workshop is easy to access, and well worth the time it takes to complete.

Homeownership is possible. We can show you how.

For more information on the Minnesota Homeownership Center and its advisor and education services, go to www.HOCMN.org.

Learn steps to multigenerational wealth at “Setting Up Your Black-owned Business for Success,” the second event hosted by community organizations to benefit the Black business community in the Twin Cities.

The event features Gloria Freeman, founder of Olu’s Home & Olu’s Beginnings; Frederic Estes, CEO of Estes Enterprises; and Duane Ramseur, CEO of Ramseur Consulting. The gathering also includes lunch and small group discussions centered on business issues.

“Setting Up Your Black-owned Business for Success” is made possible through a partnership between University of Minnesota Urban Research and Outreach-Engagement Center (UROC); Metropolitan Economic Development Association (Meda); Minnesota Minority Goods & Services Association (MMGSA); Neighborhood Development Center (NDC); Northside Economic Opportunity Network (NEON); and the University of St. Thomas Family Business Center.

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Continued from page 12 used to describe her style of play. But with Angel Reese exhibiting those same qualities, the narrative became very different.”

“It happens to Black women in the workplace and in society at large,” continued Watts, adding double standards are “multilayered.”

Watts also remembers how Aliyah Boston, the No. 1 WNBA draft pick out of South Carolina, was often treated during her college days. Despite her winning many individual honors, a national championship and a national runners-up, some media loved to show her over and over again crying after missing a game-winning shot.

“The media tended to focus instead on her failures,” said Watts. “They chose to focus on…images of her crying. Obviously, what was a very painful moment, but it was so intrusive.”

After her team’s loss to Iowa, South Carolina Coach Dawn Staley let it be known during her post-game comments to the assembled mostly White media that disparaging her majority Black

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$80 million in four months, and I played a major role in putting the Ohio State brand and contributed to that season to win a championship,” Clarett said. If indeed the players bring such value to the school, they should be fairly compensated for it, he noted.

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Continued from page 12 and business administration.

Listening to her father was the right thing, Lindsay reflected.

From Tiffin, Lindsay went to Bethany (KS) College as head coach and assistant athletic director (2015-18), then an assistant position at Seattle University (2018-20), before landing at ECU three seasons ago as the school’s third-ever head volleyball coach.

Arriving on campus in midMarch, “I kind of rushed in down here, accepted a job on the third of March, and I was here by the 10th,” said Lindsay. “I needed to get here in time to evaluate everybody.

“I think it’s only fair as a coach [to] come in and evalu-