Down-payment programs help Colorado’s Black first-time homebuyers in push to close historic equity gaps

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Down-payment programs help Colorado’s Black first-time homebuyers in push to close historic equity gaps
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'The system was never designed for us to be successful, so understanding how to navigate that world is so critically important to the successful building of wealth over time.'

Ex-Aurora superintendent ousted because of his race, called “not Black enough” by school board members, report finds

A few weeks ago, Denmon said an appraisal for a house she was selling came in $40,000 below the contract price. The Dearfield Fund has served 155 families since July 2021 by deploying $5.7 million toward Black homebuyers. Nahjee Maybin, right, and his wife Neecie, left, spend time with their children, 3-month-old Nehemiah and 1-year-old and Naomi, at their home in Aurora on Friday, June 30, 2023. Dekia Richard, 33, was desperate to upgrade from the one-bedroom Aurora apartment she shared with her toddler a few years ago. In addition to the cramped quarters of sharing a bed with her child, Richard said she was tired of her son listening to domestic disputes through the apartment’s thin walls.

The funding programs provided Richard with $50,000, which allowed her to seal the deal on the new home for her and her son.

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