Applications are then forwarded to the League for processing. In November 1997, the League officially opened an office in Hyattsville, MD to better serve suburban Maryland constituents. Designated as a homeownership center for first-time homebuyers, the office counsels persons who need guidance as they seek to attain and maintain homeownership. They are routinely scheduled to address such questions as where to look, what to expect, and how to know if one is ready for homeownership. Follow-up counseling sessions are available.
Individuals complete a two-hour course and receive a completion certificate.
A similar program is funded by First Union Bank. Study A study of 1990-92 single family mortgage activity by 14 financial institutions in the District of Columbia, compares the differences in mortgage lending between racial groups, and in minority areas of the city. The program also includes staff support for the D.C. Reinvestment Alliance, a coalition of groups which monitors Community Reinvestment Act activities by financial institutions. The League also oversees membership on various bank monitoring committees. This project was completed in early 1995.