SOURCE: Black Enterprise


October 22, 2009 15:09 ET

Black Enterprise Homeownership Contest to Award One Lucky Winner $10,000 Toward the Purchase of a First Home

NEW YORK, NY--(Marketwire - October 22, 2009) - BLACK ENTERPRISE, the premier wealth building resource for African Americans, along with Bank of America, have launched the 2009 Black Enterprise Homeownership Contest, which will award one lucky winner $10,000 toward the purchase of their first home. Entries are being accepted now at, where you can also find informative and inspirational updates on past winners and get educated on responsible homeownership with great advice from experts.

Now in its fifth year, the Black Enterprise Homeownership Contest serves as a call to action in encouraging African Americans to take that step toward successful, responsible homeownership. "The day our winner closes on their mortgage and is handed the keys to their house is a day that will never be forgotten," says BLACK ENTERPRISE founder and publisher Earl G. Graves Sr. "I still remember the day my father moved our family into our first home, having worked several jobs to make it happen. Buying a home is step one. The sacrifice and financial discipline it takes to curtail spending, pare down debt, build a good credit score, and save toward the down payment lays the foundation for a lifetime of wealth building."

"The key to winning is filling out the application completely and, most importantly, presenting a compelling story that will motivate the masses. When people start taking steps toward homeownership -- even if they find out they can't purchase a home at that moment -- they learn what they need to improve and, through diligence, are able to achieve the American dream," says Alfred Edmond Jr., Editor-in-Chief,

Applicants may enter the 2009 Homeownership Contest at or by mailing a request for an application with a self-addressed, stamped envelope to BLACK ENTERPRISE, 130 Fifth Avenue, 10th Floor, New York, NY 10011, Attn: Homeownership Contest. Official Entry Forms and required attachments may be submitted through Friday, November 6, 2009, 5:00 p.m. EST. electronically, by mail to the above address, or via fax to (212) 886-9633. Any other attempt at entry is void.

BLACK ENTERPRISE, your ultimate source for wealth creation, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, black enterprise magazine provides 4.3 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BE also produces radio and television programming, business and lifestyle events, Web content, and digital media. BLACK ENTERPRISE is the definitive source of information for and about African American business markets and leaders, and the authority on black business news and trends.

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