Albany Times Union

Grants to be available for housing equity

Building Blocks Together can award $10,000 to homebuyers

- By Massarah Mikati

Grants of up to $10,000 will soon be provided for certain Black homebuyers in the Capital Region.

The Carl E. Touhey Foundation awarded $1 million to Building Blocks Together, a company that seeks to bring equity and wealth into marginaliz­ed communitie­s through homeowners­hip and investment education and opportunit­ies. The award is part of the Restorativ­e Housing Justice Fund, which supports homebuyers with costs such as down payments and closing costs.

Those who apply and are awarded a grant can receive up to $10,000 in Albany or up to $5,000 in other Capital Region cities.

“To date, through the Restorativ­e Housing Justice Fund, we have been able to create 86 new African American homebuyers throughout the Capital Region,” Virginia Rawlins, president of Building Blocks Together, said in a press release. “In the ‘pandemic market,’ many of those buyers would not have been able to purchase their property without the RHJF.” Such an investment is particular­ly important in the aftermath of redlining, when federal officials drew red lines around certain neighborho­ods they deemed too “hazardous” for investment in 1938. Almost a century after redlining, those neighborho­ods have experience­d neglect and disinvestm­ent, and their residents — who are now predominan­tly Black — have been subject to lower quality of life, as well as fewer homeowners­hip opportunit­ies.

In Albany alone, 69 percent of white residents own homes but only 20 percent of Black residents do; the difference in median household income between

ership.”

Individual­s must identify as African American or Black, be first-time homebuyers and purchase a property in the cities of Albany, Amsterdam, Schenectad­y, Rensselaer, Troy or Watervliet to qualify for the grant.

To learn more informatio­n go to https://www.buildingbl­ockstogeth­er.com/resources, or email info@buildingbl­ockstogeth­er.com.

 ?? Will Waldron / Times Union ?? Virginia Rawlins is the founder of a real estate company that aims to increase homeowners­hip among people of color in Albany.
Will Waldron / Times Union Virginia Rawlins is the founder of a real estate company that aims to increase homeowners­hip among people of color in Albany.

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