2004-06-25 / Community

Meeks: Home Ownership First Step Towards Wealth

Meeks: Home Ownership First Step Towards Wealth


Rockaway residents Lenny Simmons and Shanelle Green speak with two representatives of the Federal Housing Agency, Henry Comas and Manny Alvara, about buying a first home in Far Rockaway.Rockaway residents Lenny Simmons and Shanelle Green speak with two representatives of the Federal Housing Agency, Henry Comas and Manny Alvara, about buying a first home in Far Rockaway.

"Home ownership is often the first step on the journey to creating wealth," said Democratic Congressman Gregory W. Meeks.

To help make that happen for the working people of southeast Queens and anyone who thinks they can’t afford to buy a house, Meeks has once again hosted the Homeownership Fair and Conference that provided constituents the opportunity to consult with area loan institutions about the prospects for getting approved for a mortgage and to learn the many ways to go about qualifying for a loan.

The event, which took place on Saturday, June 19th at St. Mary’s Star of the Sea School in Far Rockaway, featured a series of informative lectures, seminars and workshops explaining the complexities of shopping, comparing, buying, financing, refinancing, and improving property, as well as how to avoid being a victim of predatory lenders, a criminal practice that has been rising in the African-American community. They are the fraudulent and disreputable lenders and contractors who prey on uninformed house buyers to gouge them with unfair interest rates and fees for necessary services.


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