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A new report has shown celebratory news for Detroit, MI. “The Growth of Housing Wealth in Detroit and its Neighborhoods: 2014-2022,” a study by the University of Michigan Poverty Solutions, has been released showing that Black homeowners in Detroit have “gained $2.8 billion in home value,” per a news release. View this post on Instagram A post shared by City of Detroit (@cityofdetroit) Beginning in 2014, the study was conducted after Detroit’s municipal bankruptcy. In July 2013, Detroit became “the largest U.S. city to file for bankruptcy,” per AP News. The news release details that the study had a goal of finding out if the city’s housing values had seen growth across those nine years, and if these improvements had been fairly distributed across Detroit neighborhoods and racial/ethnic groups. With an 94% overall increase in home value, and 80% increase for Black homeowners specifically, since the study started, Detroit Mayor Mike Duggan credits residents stabilizing...
Owning a home is a dream for many people. Whether for building generational wealth or simply having something to call your own, having a home is a top-tier goal people aspire to despite a volatile real estate market. Former NFL superstar Chad Ochocinco Johnson would agree, but his approach is much different. With homeownership being a part of wealth goals and personal dreams, those interested in the pursuit often want to make the most economical decision to avoid overspending and facing extremely high-interest rates. One of the ways to help mitigate those issues is to have a solid savings plan, complete due diligence on the prospective neighborhood, and decrease spending until the closing process is complete. Some would venture to believe that once a person reaches a certain tax bracket, the idea of being modest with income goes out of the window, mainly as you think about real estate. Across several industries, people have witnessed some of the world’s most influential people...
After working for the late Michael Jackson, Faheem Muhammad and Michael Amir’s acquired knowledge over the years served as a launching pad to help underserved communities. “Mr. Jackson was always mission-driven. Everything he did had a purpose, which was to do what he could to make the world a better place,” Amir told AfroTech in an email interview. In the past, Muhammad worked for Jackson as head of security and Amir worked as the icon’s chief of staff. Now, the duo has found their contribution to fostering a more improved society by forging a business partnership alongside other close friends to create Oasis, a real estate investment , and development company. Oasis has a focus on the South Side of Chicago, as they saw a clear pathway to revisit the demographics they often saw in dire need during their upbringing.
The era when Rich Homie Quan was a force in Hip-Hop is one to reminisce about. Unfortunately, the Atlanta rapper’s takeover was unexpectedly cut short after he sued his former label, Think It’s A Game Entertainment, for allegedly swindling him out of $2 million, per TMZ. The lawsuit is still ongoing, but it didn’t stop him from setting out on his own path.
One of the many things Beyoncé is excellent at is providing music that speaks to specific feelings and placements in life. She is particularly keen on doing this with women empowerment, and her latest album, “Renaissance,” is no different. She opens the project with “I’m That Girl,” a celebratory ode expressing her confidence and cultural space. And with captions and reels all over Instagram that use this song as inspiration, many women fully embrace the song’s message. Actress Crystal Hayslett is one of those women that has fully tapped in. The “Sistas” and “Zatima” actress recently sat with AfroTech to discuss her range and versatility, breaking down why she is, in fact, that girl.
