CHASE AND ALPHA KAPPA ALPHA SORORITY PARTNER TO INCREASE HOME OWNERSHIP AMONG AFRICAN AMERICANS
Leading Lender, Oldest Sorority Share Keys to Homeownership
Chicago, IL (BlackNews.com) - Chase, one of the nation's leading residential housing lenders, recently presented a $115,000 grant to African-American sorority Alpha Kappa Alpha as part of an initiative to increase homeownership among African Americans.
"Keys to Homeownership" a component of the sorority's Economic Keys to Success and Economics and the Black Family programmatic platforms will provide workshops, flexible mortgages and dedicated loan officers to potential homeowners through the sorority to the communities they serve.
"We can help close the homeownership gap in the African-American community by working with organizations that already serve the community," said Thasunda Duckett, senior vice president at Chase. "Together, Chase and Alpha Kappa Alpha can literally deliver the keys of homeownership to people who haven't had access to the proper resources."
Keys to Homeownership will provide sorority members and the communities they serve with:
* Educational resources, including workshops and online tools;
* Tips on adding real estate to their wealth-building portfolio;
* Access to flexible mortgage products;
* Dedicated loan officer support; and
* Use of a national counseling organization for those who have credit challenges.
"Alpha Kappa Alpha's all-encompassing and essential priority must be economic awareness, economic sufficiency, and an economic engagement for the betterment of the communities it serves. Our partnership with Chase and the 'Keys to Homeownership' initiative will serve as an important vehicle in executing this vision," said Barbara McKinzie, Centennial International President of Alpha Kappa Alpha, the country's oldest African American sorority.
About Chase:
Chase originates $170 billion in residential mortgages and home equity annually, and services a portfolio of more than $500 billion. The home lending division serves borrowers nationwide through 2,400 local loan officers in 270 mortgage offices and 3,000 bank branches, as well as 450 representatives in call centers. In addition, the Chase Business-to-Business channel serves mortgage brokers and bankers in all 50 states through 15 processing centers and more than 700 account executives. Parent company JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. Information about Chase's mortgage products and services is available at
www.chase.com
About Alpha Kappa Alpha:
Alpha Kappa Alpha founded in 1908 is the first African American sorority and one of the world's largest female organizations (
www.aka1908.com). Since 1908, the Alpha Kappa Alpha sisterhood has responded to the world's increasing complexity. The Sorority continues to empower communities through exemplary service initiatives and progressive programs. AKA boasts such members as Maya Angelou, Astronaut Mae Jaemison, the late Rosa Parks and Coretta Scott King.
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