2025 Updates
Goldman Sachs Community Development Changemaker Grant
We are honored to receive this prestigious grant, which will allow us to expand our Generational Wealth-Building Program through Real Estate. This funding will enable us to continue educating the community on wealth-building through homeownership and providing resources, grants, and loans to help low-income families transition from renting to owning homes.
We are honored to receive this prestigious grant, which will allow us to expand our Generational Wealth-Building Program through Real Estate. This funding will enable us to continue educating the community on wealth-building through homeownership and providing resources, grants, and loans to help low-income families transition from renting to owning homes.
|
February WorkshopFeb 3rd 2025,
We had the Pleasure of having Chad Phillips from US title cover the topic of Family Trust as a Real Estate Tool to building Generational Wealth. Joined the Title Industry in 1998 as a second generation “Title Guy”, at this point title is in his blood. Over the years Chad hasheld nearly every position there is in a title agency; this experience, mixed with a little humor, creates a unique ability to distill concepts and topics in a simplified manner helping students leave class with a better understanding of the interconnectedness of a Real Estate Transaction, while getting a few laughs along the way. For those who missed the workshop, here is a link to the video, then put the video for them to watch. Monthly Workshops to be announced soon
March Workshop 18th April Workshop 22nd May Workshop 20th June Workshop 17th |
March workshopsWe had the pleasure of having Joseph Andorful today. Joseph is an experienced real estate investor with multiple properties in Utah, Missouri, and Florida. He is also a real estate agent, an immigrant from Africa like us as well. He is the best out there and genuinely wants to help our African brothers and sisters.
The workshop focused on navigating the current Utah real estate market, with insights from real estate investor Joseph Anderful and lender Todd Margetts. They discussed market trends, financing strategies, and investment opportunities in Utah and other states, emphasizing the importance of timing, credit management, and building generational wealth through property ownership. |
|
The speakers also addressed audience questions and provided advice on saving for home purchases, considering rental options, and maintaining financial stability as a homeowner. He provided data on market conditions in various Utah counties and compared them to national trends, highlighting factors such as inventory levels, median prices, and interest rates. The presentation also covered strategies for first-time buyers, the benefits of real estate investing for building generational wealth, and advice on improving credit scores and financial preparedness when purchasing a home.
|
|
Topic: Mortgagee Letter 2025-09 – FHA Loans & Immigration Status: New Changes Explained
Date: April 15, 2025 Hosted By: GK Folks Foundation Guest Speakers: Victoria Kajo (Immigration Attorney & Real Estate Investor), Todd Margett (Loan Officer) |
In April’s workshop, we addressed a timely and critical topic: Mortgagee Letter 2025-09, which outlines updated residency requirements for FHA-insured financing. This session was particularly relevant for immigrants, real estate professionals, loan officers, and community advocates working with immigrant populations.
Key Takeaways:
This insightful discussion offered clarity and action steps for immigrant families and individuals pursuing homeownership and long-term financial stability. It underscored the GK Folks Foundation’s ongoing mission to equip communities with the knowledge and tools needed to build generational wealth.
Key Takeaways:
- Victoria Kajo explained the various immigration statuses in the U.S.—citizens, permanent residents, non-immigrants, and undocumented individuals—and how each status can affect a person’s eligibility for FHA loans and real estate investment.
- She unpacked the impact of recent executive orders and federal policies on immigrant homebuyers, highlighting the urgency of understanding deadlines and new requirements.
- Attendees learned about legal pathways to enter and remain in the U.S., including visas, asylum, TPS, family-based petitions, and the CHNV sponsorship program.
- The session emphasized the importance of working with trusted professionals, doing thorough research, and understanding how immigration status affects one’s ability to build wealth through real estate.
- Todd Margett discussed how lenders are adjusting processes in response to the FHA changes and provided practical steps for non-citizen borrowers currently navigating the mortgage process.
This insightful discussion offered clarity and action steps for immigrant families and individuals pursuing homeownership and long-term financial stability. It underscored the GK Folks Foundation’s ongoing mission to equip communities with the knowledge and tools needed to build generational wealth.
