#NNPA BlackPress
Bank of America Offers Zero Down-Payment Mortgages to Black, Latino Borrowers
NNPA NEWSWIRE — According to a news release, the Community Affordable Loan Solution aims to help eligible individuals and families obtain an affordable loan to purchase a home. “The Community Affordable Loan Solution is a Special Purpose Credit Program which uses credit guidelines based on factors such as timely rent, utility bill, phone and auto insurance payments,” officials stated in the release.
The post Bank of America Offers Zero Down-Payment Mortgages to Black, Latino Borrowers first appeared on BlackPressUSA.

By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia
Bank of America announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers, which will be available in designated markets, including certain African American and Hispanic neighborhoods in Charlotte, Dallas, Detroit, Los Angeles, and Miami.
According to a news release, the Community Affordable Loan Solution aims to help eligible individuals and families obtain an affordable loan to purchase a home.
“The Community Affordable Loan Solution is a Special Purpose Credit Program which uses credit guidelines based on factors such as timely rent, utility bill, phone and auto insurance payments,” officials stated in the release.
“It requires no mortgage insurance or minimum credit score. Individual eligibility is based on income and home location.”
Prospective buyers must complete a homebuyer certification course provided by select Bank of America and HUD-approved housing counseling partners prior to application.
Officials said the new program is in addition to and complements Bank of America’s existing $15 billion Community Homeownership Commitment to offer affordable mortgages, industry leading grants and educational opportunities to help 60,000 individuals and families purchase affordable homes by 2025.
Through this commitment, Bank of America has already helped more than 36,000 people and families become homeowners, having provided more than $9.5 billion in low down payment loans and over $350 million in non-repayable down payment and/or closing cost grants.
To date, two-thirds of the loans and grants made through the Community Homeownership Commitment has helped multicultural clients to achieve homeownership.
Bank of America also has a 26-year relationship with the Neighborhood Assistance Corporation of America (NACA), through which the Bank has committed to providing an additional $15 billion in mortgages to low-to-moderate income homebuyers through May 2027.
According to the National Association of Realtors, today there is a nearly 30-percentage-point gap in homeownership between White and Black Americans; for Hispanic buyers, the gap is nearly 20 percent.
And the competitive housing market has made it even more difficult for potential homebuyers, especially people of color, to buy homes.
“Homeownership strengthens our communities and can help individuals and families to build wealth over time,” said AJ Barkley, head of neighborhood and community lending for Bank of America.
“Our Community Affordable Loan Solution will help make the dream of sustained homeownership attainable for more Black and Hispanic families, and it is part of our broader commitment to the communities that we serve.”
In addition to expanding access to credit and down payment assistance, Bank of America said it provides educational resources to help homebuyers navigate the homebuying process, including:
- First-Time Homebuyer Online Edu-Series, a five-part, easy-to-understand video roadmap for buying and financing a home, available in English and Spanish.
- BetterMoneyHabits.com free financial education content, including videos about managing finances and how to prepare for buying a new home.
- Bank of America Down Payment Center – site to help homebuyers find state and local down payment and closing cost assistance programs in their area. Bank of America participates in more than 1,300 state and local down payment and closing cost assistance programs.
- Bank of America Real Estate Center – site to help homebuyers find properties with flags to identify properties that may qualify for Bank of America grant programs and Community Affordable Loan Solution
.
For more information, contact Bank of America at 1-800-641-8362.
The post Bank of America Offers Zero Down-Payment Mortgages to Black, Latino Borrowers first appeared on BlackPressUSA.
#NNPA BlackPress
Black Feminist Movement Mobilizes in Response to National Threats
BLACKPRESSUSA NEWSWIRE — More than 500 Black feminists will convene in New Orleans from June 5 through 7 for what organizers are calling the largest Black feminist gathering in the United States.

By Stacy M. Brown
Black Press USA Senior National Correspondent
More than 500 Black feminists will convene in New Orleans from June 5 through 7 for what organizers are calling the largest Black feminist gathering in the United States. The event, led by the organization Black Feminist Future, is headlined by activist and scholar Angela Y. Davis. Paris Hatcher, executive director of Black Feminist Future, joined Black Press USA’s Let It Be Known to outline the mission and urgency behind the gathering, titled “Get Free.” “This is not just a conference to dress up and have a good time,” Hatcher said. “We’re building power to address the conditions that are putting our lives at risk—whether that’s policing, reproductive injustice, or economic inequality.” Hatcher pointed to issues such as rising evictions among Black families, the rollback of bodily autonomy laws, and the high cost of living as key drivers of the event’s agenda. “Our communities are facing premature death,” she said.
Workshops and plenaries will focus on direct action, policy advocacy, and practical organizing skills. Attendees will participate in training sessions that include how to resist evictions, organize around immigration enforcement, and disrupt systemic policies contributing to poverty and incarceration. “This is about fighting back,” Hatcher said. “We’re not conceding anything.” Hatcher addressed the persistent misconceptions about Black feminism, including the idea that it is a movement against men or families. “Black feminism is not a rejection of men,” she said. “It’s a rejection of patriarchy. Black men must be part of this struggle because patriarchy harms them too.” She also responded to claims that organizing around Black women’s issues weakens broader coalitions. “We don’t live single-issue lives,” Hatcher said. “Our blueprint is one that lifts all Black people.”
The conference will not be streamed virtually, but recaps and updates will be posted daily on Black Feminist Future’s YouTube channel and Instagram account. The event includes performances by Tank and the Bangas and honors longtime activists including Billy Avery, Erica Huggins, and Alexis Pauline Gumbs. When asked how Black feminism helps families, Hatcher said the real threat to family stability is systemic oppression. “If we want to talk about strong Black families, we have to talk about mass incarceration, the income gap, and the systems that tear our families apart,” Hatcher said. “Black feminism gives us the tools to build and sustain healthy families—not just survive but thrive.”
#NNPA BlackPress
Hoover’s Commutation Divides Chicago as State Sentence Remains
BLACKPRESSUSA NEWSWIRE — Hoover was convicted of murder and running a criminal enterprise. Although some supporters describe him as a political prisoner, the legal and public safety concerns associated with his name remain substantial.

By Stacy M. Brown
Black Press USA Senior National Correspondent
The federal sentence for Gangster Disciples founder Larry Hoover has been commuted, but he remains incarcerated under a 200-year state sentence in Illinois. The decision by Donald Trump to reduce Hoover’s federal time has reignited longstanding debates over his legacy and whether rehabilitation or continued punishment is warranted. The commutation drew immediate public attention after music executive Jay Prince and artist Chance the Rapper publicly praised Trump’s decision. “I’m glad that Larry Hoover is home,” said Chance the Rapper. “He was a political prisoner set up by the federal government. He created Chicago Votes, mobilized our people, and was targeted for that.”
But Hoover, the founder of the Gangster Disciples, is not home—not yet. Now in federal custody at the Florence Supermax in Colorado, Hoover was convicted of murder and running a criminal enterprise. Although some supporters describe him as a political prisoner, the legal and public safety concerns associated with his name remain substantial. “There is a divide in the Black community here,” said Chicago journalist Jason Palmer during an appearance on the Let It Be Known morning program. “Some view Hoover as someone who brought structure and leadership. Others remember the violence that came with his organization.” Palmer explained that while Hoover’s gang originally formed for protection, it grew into a criminal network responsible for extensive harm in Chicago. He also noted that Hoover continued to run his organization from state prison using coded messages passed through visitors, prompting his transfer to federal custody.
Illinois Gov. J.B. Pritzker, who is widely considered a potential 2028 presidential contender, has not issued a statement. Palmer suggested that silence is strategic. “Releasing Hoover would create enormous political consequences,” Palmer said. “The governor’s in a difficult spot—he either resists pressure from supporters or risks national backlash if he acts.” According to Palmer, Hoover’s federal commutation does not make him a free man. “The federal sentence may be commuted, but he still has a 200-year state sentence,” he said. “And Illinois officials have already made it clear they don’t want to house him in state facilities again. They prefer he remains in federal custody, just somewhere outside of Colorado.”
Palmer also raised concerns about what Hoover’s case could signal for others. “When R. Kelly was convicted federally, state prosecutors in Illinois and Minnesota dropped their charges. If a president can commute federal sentences based on public pressure or celebrity support, others like R. Kelly or Sean Combs could be next,” Palmer said. “Meanwhile, there are thousands of incarcerated people without fame or access to public platforms who will never get that consideration.” “There are people who are not here today because of the violence connected to these organizations,” Palmer said. “That has to be part of this conversation.”
#NNPA BlackPress
WATCH: Five Years After George Floyd: Full Panel Discussion | Tracey’s Keepin’ It Real | Live Podcast Event
Join us as we return to the city where it happened and speak with a voice from the heart of the community – Tracey Williams-Dillard, CEO/Publisher of the Minnesota Spokesman-Recorder.

https://youtube.com/watch?v=OsNLWTz6jU0&feature=oembed
May 25, 2020. The world stopped and watched as a life was taken.
But what has happened since?
Join us as we return to the city where it happened and speak with a voice from the heart of the community – Tracey Williams-Dillard, CEO/Publisher of the Minnesota Spokesman-Recorder.
She shares reflections, insights, and the story of a community forever changed. What has a year truly meant, and where do we go from here?
This is more than just a date; it’s a moment in history. See what one leader in the Black press has to say about it.
Recorded live at UROC in Minneapolis, this powerful discussion features:
Panelists:
- Medaria Arradondo – Former Minneapolis Police Chief
- Nekima Levy Armstrong – Civil Rights Activist & Attorney
- Dr. Yohuru Williams – Racial Justice Initiative,
- UST Mary Moriarty – Hennepin County Attorney
- Fireside Chat with Andre Locke – Father of Amir Locke
Special Guests:
- Kennedy Pounds – Spoken Word Artist
- Known MPLS – Youth Choir bringing purpose through song
This podcast episode looks at the past five years through the lens of grief, truth, and hope—and challenges us all to do more.
Subscribe to Tracey’s Keepin’ It Real wherever you get your podcasts or follow @mnspokesmanrecorder for more.
Visit https://spokesman-recorder.com for more coverage and stories from Minnesota’s trusted Black news source.
#GeorgeFloyd #BlackPress #SpokesmanRecorder #Minneapolis #BlackHistory
-
#NNPA BlackPress4 weeks ago
MLK Bust Quietly Removed from Oval Office Under Trump
-
Activism4 weeks ago
Oakland Post: Week of April 30 – May 6, 2025
-
Activism3 weeks ago
Oakland Post: Week of May 7 – 13, 2025
-
Activism2 weeks ago
After Two Decades, Oakland Unified Will Finally Regain Local Control
-
Activism2 weeks ago
New Oakland Moving Forward
-
Activism2 weeks ago
Oakland Post: Week of May 14 – 20, 2025
-
Alameda County2 weeks ago
Oakland Begins Month-Long Closure on Largest Homeless Encampment
-
#NNPA BlackPress3 weeks ago
Trump Abruptly Fires First Carla Hayden: The First Black Woman to Serve as Librarian of Congress