Executive Summary

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Executive Summary

Bobbi Meredith is the founder and Executive Director of New Home Owners Organization, Inc. (NHOO) a 501 (c)(3) nonprofit organization that offers a variety of financial literacy and housing counseling services.  It is the mission of NHOO to educate and equip underserved families and individuals to attain homeownership through education, guidance, counseling and credit improvement programs for past, current and future homeowners.  We are committed to sustaining a superior level of integrity and excellence while guiding those who may have challenging situations to their desired dream of homeownership.

NHOO’s vision is to provide a comprehensive solution for impoverished families in underserved communities.  Our program will empower and enrich the lives of the people by giving them the tools they need in order to make positive behavioral changes that will improve their financial futures by building wealth through homeownership and financial literacy.  We are committed to sustaining a superior level of integrity and excellence while guiding those who may have challenging situations to their desired dream of homeownership.  The majority of our clients are minorities, and this is from generation to generation, they have never understood credit, finances or possessed money management skills.

According to the Federal Reserve, a typical Black family has about $24,000 in wealth compared to about $188,000 for a typical White family.  Homeownership plays a significant role in wealth creation.  It is my goal at NHOO to make affordable homeownership a reality, leveraging family stability while creating and sustaining generational wealth for minorities and underserved individuals in low-income communities.