Press Release – February 13, 2021

The Greater Crisfield Action Coalition, Inc. (GCAC) is pleased to announce a FREE real estate and mortgage lending professionals virtual training program. This program will kick off a series of events focused on growing the homeownership rate among first time homebuyers in the Greater Crisfield Area and throughout the local region.  Why is this so important?  Sustainable homeownership is the easiest way to build wealth in this country.  The US Census shows wealth inequality between homeowners and renters is striking with homeowners having a median net worth 80 times higher than a renter, which is likely to be higher given the current state of affairs due to COVID19. With the poverty level in the Greater Crisfield area approaching 40% we feel it is extremely important that we begin to educate consumers, who have the financial capability, regarding the important role homeownership plays in achieving long term financial stability. This begins, of course, with educating those professionals about the tools currently available to make homeownership possible for many in this region.

Next, GCAC, as part of Financial Literacy Month in April will launch a series of first time homebuyer seminars, educating consumers about available programs, the home buying process and how to access the many programs available.  They will be able to assess the benefits of homeownership versus renting, including learning the responsibilities associated with homeownership.   We know that so many people discount their ability to be a homeowner simply because they are unaware of the benefits of owning a home and the many programs available to them to access the Dream of Homeownership.  GCAC hopes to drive the changes necessary to help people grow their net worth and achieve financial stability.
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The Greater Crisfield Action Coalition, Inc. is a 501 (c) (3) Community Development Corporation, located in the City of Crisfield, MD.  The organization was formed in 2015 through the efforts of the Crisfield business community and local residents seeking to help promote economic development to help transform the City into a  thriving and vibrant community.  We are committed to working and collaborating together with the City, County and State government to make it happen.

Contact:
Frances Martinez Myers
President, Greater Crisfield Action Coalition
610-505-4416