Preserving and expanding equitable ownership of affordable single-family homes by attacking predatory lending practices and restructuring distressed debt products.
Blackstar Stability helps stabilize Black communities by preserving affordable single-family housing, keeping families in their homes, enhancing homeownership and attacking predatory lending practices that both undermine value and promote disinvestment in those communities. Blackstar is an investor that purchases pools of homes encumbered by predatory forms of seller financing, converts the financing to traditional mortgages at fair market terms, eventually sells the loans and recycles the capital. Nearly two-thirds of wealth for low-income and middle-income families is comprised of their principal residences. Assisting Black families by creating and protecting homeownership will not only help close the wealth gap, but also promote improved health, educational and financial outcomes for those families.
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LinkedIn: John Green