(Boston, MA) – On Monday, January 15th at 4:00 p.m., more than 1,000 people will be attending the Dr. Martin Luther King, Jr. celebration of the Neighborhood Assistance Corporation of America (“NACA”) and NationsBank unprecedented housing program. This will take place at the Plymouth Congregational United Church of Christ at 5301 North Capitol Street N.E.
This is the largest and most comprehensive community reinvestment initiative in banking history. NACA will administer NationsBank’s commitment to lend a half-billion dollars in mortgages on the best terms available to low- and moderate-income people. This remarkable mortgage requires no down payment, no closing costs, no application fee, and liberal underwriting.
The first phase will be in Washington, Baltimore, Atlanta and Charlotte. Thousands of people have contacted NACA concerning this unprecedented housing opportunity.
“The struggle of Dr. King and the fight to commemorate his birthday has to be more than speeches at morning breakfasts, parades, and MLK white sales at shopping malls,” says Rev. Graylan Ellis-Hagler, NACA Development Director. “We will be taking his dream of owning a home and economic justice to the people and to the streets. People who reminisce over the dream without tilling the fields of injustice are not even worthy of calling his name. The NACA kick-off will take the mission of combating economic discrimination into the hearts and minds of people yearning for equality and justice”, he added.
More than 1,000 working people will be attending this worship service and taking the first step to home ownership on Monday, January 15th at 4:00 p.m. at the Plymouth Congregational United Church of Christ at 5301 North Capitol Street N.E. (corner of Riggs Road).