Own Your First Home Contest Enters Final Week

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With its August 2005 issue, Black Enterprise (BE) begins its 35th year as the nation's premier business and investment resource for African Americans. In the process, the publication has championed its Declaration of Financial Empowerment(DOFE), 10 principles guaranteed to build wealth and increase net worth.

With its emphasis on homeownership as the primary wealth-building tool, he Black Enterprise Own Your First Home Contest will award $10,000 to a qualified first-time home buyer. The contest winner not only collects $10,000 toward the cost of their new home, but they will also receive free homebuyer education training and assistance, and an opportunity to have their home ownership story published in BLACK ENTERPRISE magazine.

The goal of this contest is to increase the average net worth of Blackhouseholds by inspiring more African Americans to pursue homeownership-the cornerstone of securing financial prosperity for merican families," says founder & publisher Earl G. Graves Sr.  "There re also a number of tax breaks that benefit homeowners, and the equity an help leverage other opportunities such as financing a business or aying for higher education."

From July 21 to Sept.1, visitors to
www.blackenterprise.com  http://www.blackenterprise.com can fill out our Own Your First Home Contest Official Entry Form for a chance to win $10,000 toward the purchase of a home and to be featured in a BE article. The contest is limited to first time homebuyers who meet the credit requirements to qualify for a mortgage. The August issue of BLACK ENTERPRISE is on newsstands now.

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