FSIC Press Release – AIOF Congratulates Graduates from its Recent Dream Creators Workforce Development Program

FSIC American Innovation and Opportunity Fund (AIOF) congratulates graduates from its most recent Dream Creators Workforce Development Program cohort. All students in the Dream Creators program received advanced training and incidental support before and during the Nash Community College Underground Electrical Line Construction program in July and August. They recently received their graduation certificates and were offered employment at a major energy company. These young people can expect to earn $50,000 or more in their first year. “AIOF is honored to have facilitated this program and is very proud of our graduates. We believe this is an excellent opportunity for these students to have a meaningful and prosperous career”, said Kevin B. Kimble, CEO of AIOF.

AIOF would like to thank our partners Duke Energy, the Southern Christian Leadership Conference Roanoke Valley Chapter (SCLC-Roanoke Valley), Beyond Finance, the Partnership for Innovation and Empowerment, and the Financial Services Innovation Coalition (FSIC) for their continued support of the AIOF Dream Creators Workforce Development Program. AIOF looks forward to helping more young people in the future through this program.

FSIC Housing Task Force Blogpost – Black Homeownership Increases, but Hurdles Remain for True Equity

Last month, the National Mortgage News reported that non-banks made nearly two-thirds of all traditional home purchases, a meaningful increase.  For instance, 7.9% of these mortgages went to African American borrowers, up from 7.3% in the previous year.  Asian households had a 7.1% home lending market share, improving on 5.5% in 2020, while Hispanic borrowers received 9.2% of the loans.  Additionally, the share of conventional purchase loans made to borrowers from underrepresented communities also increased.

It is still evident, however, that a significant homeownership gap exists in cities across the country.  An Axios DC analysis found that as the black population of the nation’s capital continues to decrease, the homeownership gap between black and white District residents continues to grow.  According to the DC Mayor’s office, 34% of DC homeowners are black, compared to 49% percent of white residents.  However, some cause for optimism can be found as the number of total black homeowners increased by nearly 4,000 in 2019.