Showing 7 results for:
Popular topics
OneUnited Bank is launching a new program to increase the Black homeownership rate in Miami, FL. Led by Kevin Cohee, chairman and chief executive officer, and Teri Williams, president and chief operating officer, OneUnited Bank has launched its Lift Up Homeownership program. This will directly benefit first-time Black, Latino, Native American, Asian, or Native Hawaiian/Pacific Islander customers in obtaining funding for a down payment on a home, the Miami Herald reports. “Our homeownership rates are lower, especially in this market,” Williams explained. “It’s too darn high to buy a home.” The bank launched the program in response to a surge in demand for financial assistance in homeownership. “People reach out all the time,” Williams said. “We said, ‘We got to do something different in 2025.’” Program participants who qualify and are accepted can receive up to $50,000 in unforgivable loans. If they remain in the home for five years, the loan won’t have to be repaid . Additionally,...
There has been a quick turn of events that will impact millions of borrowers. As AFROTECH™ previously reported, President Joe Biden’s student loan forgiveness plan was given the green light to be put into action on Oct. 2, 2024, by U.S. District Judge Randall Hall, who represents the Southern District of Georgia. NBC News reports the plan had been under a temporary restraining order that was a result of a lawsuit against Biden and Education Secretary Miguel Cardona. It was brought forward by the states of Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota, and Ohio. Hall was willing to allow the temporary restraining order to expire, and this was based on his belief that the Southern District of Georgia order “failed to show an injury that is concrete, particularized, actual, or imminent.” “Without standing, the Court finds it proper to dismiss Georgia as a party to the suit for lack of subject matter jurisdiction and turns to Defendants’ arguments related to venue,” he...
A college connection that birthed Topicals Founder Olamide Olowe changed the trajectory of her life. As AFROTECH™ previously reported, Olowe is behind the popular skincare company Topicals, which sells skincare products for people with chronic skin conditions such as eczema and hyperpigmentation. Founded in 2020, by 2022, it had become one of Sephora’s fastest-growing brands, selling one product every minute. Meeting Richelieu Dennis Olowe’s trajectory to founder was not her initial calling. In fact, she attended the University of California, Los Angeles (UCLA) on a full-ride scholarship to participate on its track team. Additionally, she was studying to become a doctor, she said during an interview on the “God Is My Creative Director” podcast. While there, she was introduced to another student, Rechelle Dennis, the daughter of SheaMoisture Founder Richelieu Dennis. “My freshman year, I’m standing there with one of my teammates, and a woman comes over to me and is like, ‘Hey, you...
Far before Nia Long could fathom becoming a mother, she was putting in work to ensure that her future children would be able to live out their collegiate dreams. An actress best known for starring in cult classics like “Soul Food,” “The Best Man,” and “Love Jones,” Long is the mother of two sons, 23-year-old Massai Z. Dorsey II and 12-year-old Kez Sunday Udoka. During a fireside conversation hosted by Ally Financial during the 2024 American Black Film Festival, Long opened up about her journey to motherhood and how smart financial savings helped her put her eldest son through college without the help of any loans. At one point during the panel, “Money and Mindfulness: A Conversation with Nia Long,” the actress was asked what her values regarding her finances are. “One of the things is [that] I started saving for my children before I became a mother,” she recalled. “I took $3,000 and I just put [it] in this account. I was like, ‘I’m never touching that.’ And it allowed me to get my...
In the vibrant tapestry of Black American culture, a concept emerges that celebrates certain movies as “Blassics.” This term, a fusion of ‘Black’ and ‘Classics,’ is a testament to the unique stories of Black Americans and their experiences brought to life through films starring Black actors. These films, often featuring familiar faces like Angela Bassett, Nia Long, and Taye Diggs, are not just movies but cultural milestones. They have left an indelible mark on the industry and include films like “Waiting to Exhale, “Friday,” “School Daze,” and “The Best Man,” resonating deeply with the culture’s shared experiences and heritage. Of those listed, Diggs may be most recently known for his appearance on the CW’s “All American,” portraying former NFL player and high school football coach Billy Baker. However, his career has roots much deeper than the teenage-themed drama series. View this post on Instagram A post shared by Taye Diggs (@tayediggsinsta) Diggs, a native of Rochester, NY,...
For nearly three decades, Djimon Hounsou has made a name for himself in Hollywood with an established acting portfolio. Hailing from Benin, the two-time Academy Award nominee first starred in Steven Spielberg’s “Amistad” in 1997, which earned him a Golden Globe nomination for Best Actor in a Drama. Following his breakout role, Hounsou went on to act in “Blood Diamond,” “Gladiator,” “Shazam!,” and more. The 58-year-old star has worked with some of the best in the business. However, he still feels he hasn’t received his proper due.