Our framework provides viable avenues for community members to secure the capital, connections, and resources necessary for quality employment, financial prosperity and safe housing that is affordable. At the heart of our efforts is BEACON (Black Entrepreneurial Advancement & Community Opportunity Network, under our economic development priority pillar. It serves as the primary vehicle for advancing our mission to boost Black wealth in Charlottesville. However, housing is our why. Without secure housing that is affordable, Black residents can’t maintain stable employment or build generational prosperity. That’s why we reinvest the proceeds from BEACON back into our housing initiatives. This ensures that our community members have the foundation they need to thrive.
We’re establishing a supportive ecosystem in Charlottesville, offering resources such as affordable spaces, mentorship, funding opportunities, and connections to the Black business community.
We envision a business incubator that will serve entrepreneurs by providing more affordable space, mentorship, funding opportunities, and connection to the Black business community.
It is a housing system that offers Black residents the option to buy or rent their home within proximity to the heart of the city, rather than pushing them to the outskirts of town.
We’re equipping Black residents in Charlottesville with the financial skills they need to achieve their goals and build a secure future. Whether it’s budgeting for everyday expenses, saving for emergencies, or planning for long-term financial success, we’re here to support our community every step of the way. Here’s how we’re doing that:
Our Credit and Money Management Program, a core focus of HOPE Inside Adult Empowerment programming, helps Charlottesville residents better understand how to manage their money. Through workshops and one-on-one counseling, our financial well-being coaches empower clients to take control of their finances, by creating a budget, reducing and paying off debt, and clearing errors from their credit reports. Seventy-two percent of clients see a FICO score increase; 25 percent achieve a 700+ FICO score after six months of participation.
Client improve FICO score
Our goal is to provide residents with the pathway from rental housing to homeownership while remaining connected to their community, enabling them to move up without having to move away.
The Homeownership and First Time Home Buyer Program, a core focus of New Hill’s Financial Capability programming, is designed to empower individuals and families for whom homeownership is part of their life’s vision. New Hill is committed to helping the Charlottesville Community provide more pathways to become homeowners and more engaged community stakeholders.
Our financial wellbeing coach supports clients through all aspects of the journey to homeownership, which can help them get the funding they need to own a home without resorting to subprime loans.
Homebuyers Workshop
Get an Overview from Industry Professionals
Loan Packaging Process
Work with HUD-Certified Coach & Industry Experts
HUD-Approved Housing Counseling
Get Counseling to Overcome Barriers
Support for Families in Need
Additional Support for Families in Need
Tailored assistance for those who need extra help with credit, finances, or other barriers.
The Virginia Department of Housing and Community Development (DHCD) is committed to creating safe, affordable and prosperous communities to live, work and do business in Virginia.
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We believe through, increasing the capacity of one’s financial capability , development and growth of Black owned businesses, and affordable home ownership, the Black community of Charlottesville can truly prosper.
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