Peekskill Herald

Peekskill Herald

Peekskill Herald

Want to become a homeowner? This workshop tells you how

Homeownership and generational wealth seminar at the Field Library

June is homeownership awareness month and the Bailey Initiative will be coming to the Field Library to provide tools and resources to empower individuals in becoming a homeowner to create generational wealth as part of the Road to Homeownership series through Westchester Library System.  The seminar will take place at The Field Library this coming Saturday, June 22 beginning at 11 am.

Bailey Initiative is a nonprofit organization that focuses on creating generational wealth for people of color through homeownership. Bailey Initiative seeks to narrow the wealth gap by educating, advocating for and informing people of color on how to obtain residential real estate as a means to create wealth. 

In this seminar led by Anthony Bailey, the Executive Director of the Bailey Initiative the focus will be on changing the mindset of what homeownership is and utilizing it as an asset. Sherryan Francis, Credit Education and Wealth Strategist of Infinite Freedom will also join Anthony and focus on wealth strategies and what you can do with credit.  

Attendees will learn how to: obtain a home within 18 months, get access to down payment assistance, build credit and become financially literate. Anthony and Sherryan will teach attendees the steps one will need to take to not only obtain a home, but to maintain and sustain a home for wealth creation. The seminar will cover what it means to become a homeowner, the benefits of owning a home and determining the ways where owning a home is financially beneficial. The seminar will also cover how to obtain down payment assistance and where opportunities are to help with down payment assistance to reduce upfront costs.

Pre-registration is preferred but no one will be turned away. It is easy to register on Bailey Initiative, just type in your information and click on The Field Library.

The Bailey Initiative was started as a non-profit three years ago. In its short existence, the organization has helped over 40 individuals and families become homeowners, starting in Yonkers and throughout Westchester County. The Bailey Initiative works with various Westchester based certified HUD counselors as well as with Chase and PCSB Bank who help educate, guide and ultimately get approved for mortgages to become homeowners. Anthony, Sherryan and the Bailey Initiatie do not stop at meeting attendees for the first time, they offer a four- hour course over a four week period (1 hour each week) to further assist and educate individuals and families on maintaining and sustaining homeownership, working with financial institutions to find affordable lending options and how to develop homes to utilize them as assets. 

Anthony Bailey is the executive director of Bailey Initiative

Anthony Bailey is the executive director of Bailey Initiative and the managing director of Lumarjo Holdings LLC, a boutique social impact investment firm. He is a serial entrepreneur, has taught entrepreneurial skills throughout his career, and has advocated for the elevation of underserved communities. He previously served on the boards of Greyston Foundation and as the VP on the Yonkers Council of PTA. Currently, he serves on the board of the Westchester Community Foundation.

Sherryan Francis is the Director of Wealth Empowerment at Infinite Freedom Wealth Network

Sherryan Francis is the Director of Wealth Empowerment at Infinite Freedom Wealth Network. With a background as an experienced educator, Sherryan has excelled in teaching financial literacy to empower individuals. Sherryan utilizes her extensive knowledge and expertise to help hundreds of individuals become more educated about creating wealth. Her passion for empowering others and her ability to educate, have made her a trusted figure in the field, specially to those seeking to build a secure financial future.

About the Contributor
Dave Mueller
As a Peekskill native, Dave is thrilled to be working with the Peekskill Herald showcasing featured calendar events. A 1999 graduate of PHS, he remembers reading and enjoying the original weekly print edition of the Peekskill Herald every Thursday. He especially liked the political stories, local features and sports coverage when it was written by Peekskill Runner columnist Jack Burns who always managed to weave history into the running times. An avid hiker, he enjoys exploring the local trails as well as the concrete ones in his job as a conductor for Metro North Railroad. He’s a former teacher and co-founder of the Friends of the Peekskill Dog Park, where he frequently can be found with his Koda. He’s happy to be part of the Herald’s growth as the source of local news for Peekskill and looks forward to highlighting a few of many of the events and happenings in Peekskill and the surrounding communities. Reach Dave at [email protected]