Statement by National Urban League President Hugh B. Price About the League’s Participation in the WOW Initiative To Increase Homeownership Among African Americans
New York, NY, April 3, 2001– "The National Urban League is pleased to join with the Congressional Black Caucus Foundation, Fannie Mae and other lending institutions and community based organizations in announcing the WOW (With Ownership, Wealth) Initiative, a partnership that will increase homeownership by one million African American families over the next five years," National Urban League president Hugh B. Price said.
"As I declared during my keynote address at the League’s 2000 annual conference, job one for the African-American community and the Urban League movement is to complete the drive into the economic mainstream and attain economic self-sufficiency. Research shows that the benefits of homeownership include the creation of assets and wealth, and we are pleased to join forces with such an esteemed group towards meeting this goal."
Hugh B. Price is President and Chief Executive Officer
of the National Urban League. He was appointed on July
1, 1994. The Urban League is the nation’s oldest
and largest community-based movement devoted to empowering
African Americans to enter the economic and social mainstream.
The National Urban League, headquartered in New York
City, spearheads the nonprofit, nonpartisan movement,
while Urban League affiliates operate in more than 100
cities in 34 states and the District of Columbia. For
more information, visit the League’s Web site at
www.nul.org
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