African American Strategic Planning Group (AASPG).
Individual & Community Wealth Building.
Significantly improve the economic status and wealth of African Americans at all levels.
Objectives: Increase the following rates for African Americans to levels comparable with the general community.
Incomes such that the poverty rate decreases from 34% to 14% of less.
Per capita income from (1990) &8,072 to $15,324 or more.
Ratio of income to white-males from 45% to 100% or more.
Double total household incomes from (1990) &914,396,160 to $2 Billion or more.
Home ownership rates from 42% to 69% or more.
Recommendations:.
1. Develop a long-term comprehensive strategy to significantly improve the economic status and wealth of African Americans at all levels. These must include individual and community wealth building strategies, and strategies that promote entrepreneurship and business development within the African American Community.
2. Develop strategies and programs, which promote individual wealth building and financial independence. Proved technical assistance to educate African Americans on the importance of individual wealth building based on sound personal financial planning and management.
3. Convene a forum of black Church leaders to consider the potential for a coalition of Black churches on economic development.
4. Convene a forum of African American professionals to consider the potential for collaborations, coalitions and other initiatives to promote individual and community wealth building and economic development. .
African American Business Development.
Significantly increase the number, mix and size of operation of African American businesses. .
Objectives: Increase African American Business.
Numbers by 10% net per annum.
Average annual sales receipts by 50% or more.
Types and Mix (by increasing numbers in all categories) by at least 10% - particularly professional and technical service fields.
Size of Operation - by increasing numbers in all categories;.
As a result of legislation, homeownership rates rose for African-Americans, peaking at 49.1 percent in 2004, according to the Census Department. Now in 2013, black homeownership stands at 43.1 percent, compared to the 65.2 percent overall homeownership rate. ...
Soldiers readjustment act (GI BILL) When American Soldiers came home from World War II, they came home to a society that was trying to make the rocky transition from a war time society back into a peace time society. They came back home to a society where jobs were more and more scarce with the e...
Roosevelt established the Homeowner Refinancing Act because he noticed the decreasing homeownership rates as the majority of the population went into foreclosure and homeless. ... Everyone would enjoy to cuddle into a cozy retirement with homeownership, but there is a problem. ...
Several industry specialists project numerous significant elements to keep housing demand strong over the next decade, including aging baby boomers who are entering peak income and wealth years; strong immigration trends resulting to new household formations; increasing homeownership rates; an aging housing stock (approximately 36% of existing home were built before 1960); and better financing options for buyers. The Homeownership Alliance predicts that these demand drivers will lead to 1.85 to 2.17 million new U.S. housing starts per year through 2013. ...
Physical characteristics that must be considered are: v Size v Frontage v Topography v Soil productivity v View v Location v Availability of utilities Midway Road Hinds County 25.66 acres $4800.00 per acre Total price $123168.00 PRO FORMA AND MARKET TEST LOAN TO COST RATIO ASSUMING A LOAN WILL BE BASED ON 85% OF THE GROSS INCOME DEVOTED TO DEBT AND OPERATING EXPENSE Known as the default ratio LAND SIZE 25.66 IN RENTABLE ACRES EFFICIENCY SIZE 50% COSTS $50.000 PER GROSS FOOT OF CONSTRUCTION TOTAL $1283.00 HARD COSTS SOFT COSTS 5% PO...
Physical characteristics that must be considered are: v Size v Frontage v Topography v Soil productivity v View v Location v Availability of utilities Midway Road Hinds County 25.66 acres $4800.00 per acre Total price $123168.00 PRO FORMA AND MARKET TEST LOAN TO COST RATIO ASSUMING A LOAN WILL BE BASED ON 85% OF THE GROSS INCOME DEVOTED TO DEBT AND OPERATING EXPENSE Known as the default ratio LAND SIZE 25.66 IN RENTABLE ACRES EFFICIENCY SIZE 50% COSTS $50.000 PER GROSS FOOT OF CONSTRUCTION TOTAL $1283.00 HARD COSTS SOFT COSTS 5% PO...
