Financial literacy workshops in Newark will include information on buying a home

NEWARK, New Jersey— The following press release is courtesy of United Community Corporation. Learn more about posting announcements or events to your local Patch site.

United Community Corporation offers financial stability workshops directly to Newark residents. This three-part series, which will run all summer long, will cover finances, employment and home buying to educate city residents and prepare them to strive towards self-sufficiency with a financially stable life. .

The series runs in conjunction with the office of Newark North Ward Councilman Anibal Ramos Jr.

“We expect our clients to gain the knowledge and skills they need to manage their money effectively,” said Tabatha Perez, UCC Housing Assistance Program Manager. “After this three-part series, they will be better equipped to meet their financial goals and achieve financial stability while knowing the grants available to them for their first home buying experience.”

The first part of the series will take place Saturday, June 11 at Newark Housing Authority’s The Waterfront Community Center (2 Grafton Ave, Newark, NJ 07104) from 11 a.m. to 1 p.m. on Saturday, June 11 and is being held in partnership with JPMorgan/ Chase.

The seminar will delve into financial literacy while being led by Melissa Prashad, JPMorgan/Chase Community Manager, Community and Business Development. Participants can expect to learn how to save money, tell the difference between wants and needs, manage a budget, pay bills, pay for school, buy a home and plan for retirement .

Interested participants can register online here: http://jpmc.surveymonkey.com/r/YSCXYNM.

“The community has been extremely receptive to me,” Prashad said. “I’ve been doing this my whole career and have been focused on this for the past six months. I’ve met with students, adults and seniors to help them achieve their dreams, whether it’s to retire, buy their first home, save for a down payment, or even save for their first vacation. Whatever is important to them, I want to help them accomplish it by teaching them how to be financially secure. .

The second part of the series will focus on job readiness and will take place on a date to be determined in July. The final workshop in the series will be dedicated to first-time buyers and will take place on a date to be determined in August.

Perez and his housing support team will be on hand for all three classes, providing assistance and information on various programs to help clients pay off rent or mortgage arrears, help those facing eviction through an eviction prevention program funded by the NJDCA, and helping homeless people find permanent housing.

“I was inspired to start this series because I saw the need for rental assistance increase,” Perez said. “While providing our clients with housing assistance, I have noticed that rents are increasing. Most of our clients are paying mortgage rates on rental properties. Due to this and other factors, it is essential for us to provide this class to our customers because it pushes them to become more self-sufficient.”

It is recommended that participants participate in all three parts of the series, but it is not mandatory. For more information, call 973-629-7885.

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