Up to $258k in Down Payment Assistance is Available! FREE ADMISSION
(LOS ANGELES) — Faith and Community Empowerment (FACE) hosted a press conference on Thursday, August 28th to announce their 29th Annual Homeownership Fair.
The 29th Homeownership Fair will be held at the Pilgrim Congregational Church (500 N Garey Ave. Pomona, CA 91767) on Saturday, Sept 13th from 9:00 am to 1:00 pm PST.
The press conference was joined by Los Angeles County First District Supervisor Hilda L. Solis and Assistant Assessor Dara Smith representing Los Angeles County Assessor Jeff Prang. FACE was also joined by our Collaborating Partners including the LA County Asian American Employees Association (LACAAEA), LA County Chicano Employees Association (LACCEA), and LA County Hispanic Managers Association (LACHMA), along with our lead sponsor First Citizens Bank.
The press conference was opened by FACE’s President & CEO, Hyepin Im, who introduced FACE's 29th Annual Homeownership Fair.
"For the past 24 years, FACE has been connecting resources to the community as well as empowering communities who serve those in need. Over the years, we have helped over 17,000 individuals be on their way to the dream of homeownership. Today, we're excited to announce our 29th Homeownership Fair. It will be in Pomona on September 13th, and we already have over 1,300 registered! Many people give up on homeownership because they think 'I don't have enough income, I don't have enough down payment, my credit score is too low, I'm not rich enough, or I'm not poor enough.' But we have so many partners such as Supervisor Hilda L. Solis, our banking partners like First Citizens, as well as government entities who will be at the fair sharing resources."
Los Angeles County Supervisor Hilda L. Solis spoke on the importance of her office's partnership with FACE and promoting the dream of homeownership.
"Building generational wealth is something that we have been advocating for in the First District for many years, for the last 11 years I've been in office. And I'm proud that we're partners with FACE and with all of you... I'm glad to hear about some of the opportunities that are made available. When else do you hear that a substantial amount of a down payment can be brough together by coupling different resources together?"
FACE highlighted the success of FACE Homebuyer Education Client Ellaura Rhapsody who purchased her first home with $251,000 in down payment assistance!

FACE CEO Hyepin Im emphasized the significance of homeownership and how FACE's Homeownership Fair and Homebuyer Education Courses can help people reach the finish line.
"Studies show that if individuals start off their path to homeownership with a HUD approved housing counseling agency such as FACE, their likelihood of going into foreclosure drops by 30%. That is because we are able to provide the education and resources to help people not just become smart buyers but smart homeowners. There is a $380,000 difference in wealth between homeowners and renters... homeownership plays a significant role in wealth. We are hosting this fair to let people know there are resources to help them become homeowners regardless of their situation."- Hyepin Im
Assistant Assessor Dara Smith spoke on behalf of the office of Assessor Jeff Prang and highlighted the significance of their collaboration with FACE in advancing the American Dream of homeownership.
"Assessor Jeff Prang is very proud to support FACE.
We've been a partner for several years now... It is so key for FACE to be helping families, especially focusing on underrepresented communities, the AAPI community in particular, to get the tools and confidence to become homeowners."
FACE CEO Hyepin Im expanded on FACE's mission and the goal to promote homeownership, especially for communities of color.
"As an Asian-American, there is this concept of the Model Minority Myth that says Asian Americans are privileged... In past data of major markets of large Asian American populations, you'll see that White homeownership is at 66% and Asian is at 61%. But when you actually disaggregate the data, you'll see Korean and Black homeownership rate is the same at 42%, and there are 7 other API subgroups below... But the bottom line is that we're all in the same boat together and all communities need access to resources that will allow them to become homeowners."
Another successful FACE client Frederick Kim joined the press conference to share his home buying experience. Even with a moderate income he found it difficult to purchase a home. With FACE's help, he was able to purchase a $535,000 2 bed, 2 bath condo in Lakewood with a $6,500 grant and below market interest rate.
"I registered for the Homebuyer Education Class, and I first learned about this process and what I need to prepare for. After that, I got to have a one-on-one counseling session where my housing counselor looked over
my personal finances and let me know what would be a right fit for me. She connected me with banks, lenders, and realtors that ultimately catapulted me to getting my home. I've been very blessed through FACE."

Our lead sponsor, First Citizens Bank, spoke on the valuable resources that will be shared at the homeownership fair.
"It is a true honor to stand here as a proud partner of FACE. For over three years now, we've had the privilege of working alongside FACE to expand access to homeownership, financial empowerment, and build long -term stability in our communities... We are deeply grateful for the trust FACE has placed in us and for the opportunity to invest in the work that truly changes lives." - Eric Asiedu, Director, Mortgage Marketing & Sales Support, First Citizens Bank
Eddie Yen, FACE Board Member and Executive Officer for the Los Angeles County Board of Supervisors, thanked our collaborating organizations, the Los Angeles County Asian American Employees Association, Los Angeles County Chicano Employees Association, and Los Angeles County Hispanic Managers Association, for their partnership.
"I came into this experience of working with FACE because of my love for my community... I'm happy to be a part of this fair. I was able to bring in a lot of employees associations from the county, and with them they bring their communities." - Eddie Yen, FACE Board Member and Executive Officer for the Los Angeles County Board of Supervisors
"We're very proud and happy to partner with FACE in continuing to do these homeownership fairs... I encourage you to consider homeownership as a stable way of building wealth."Jodi Chen, Vice President of Programs and Events, Los Angeles County Asian American Employees Association (LACAAEA)
"Homeownership is far more challenging than it has ever been... I think it's great that FACE puts all the resources together so that people can find them all in a one-stop shop. Thank you for allowing us to partner with you in this endeavor!" - Ildefonso Cardenas, 2nd Vice President, Los Angeles Chicano Association Employees Association (LACAEA)
"Through partnerships like the one that we're establishing with FACE, it is a testament that we have a strong commitment to equity. Thank you for this opportunity to partner." - Daniel Rojas, Vice President, Los Angeles County Hispanic Managers Association (LACHMA)
Kim Anthony, FACE Board Member acknowledged other press conference attendees: Annette Trejo (Office of Supervisor Hida L. Solis), Joyce Li (Office of Supervisor Hida L. Solis), Tami Omoto-Frias (Office of Supervisor Hida L. Solis), Jeannette Ruiz Mayes (First Citizens Bank), David Blazek (Guild Mortgage), Amy Cordero (Guild Mortgage), and Sophia Kim (Korean Media Foundation).
Finally, FACE shared the story of successful FACE client Louis Mejia Diaz who purchased a single-family home and received $135,000 in downpayment assistance with a moderate income.
"Who has 20% of a million dollars? Nobody! But the City of Los Angeles has a LIPA and MIPA program. We qualified for MIPA, which is $115,000 in downpayment assistance... and we have a great bank that got us a $20,000 grant."

ABOUT FACE
FACE - Faith and Community Empowerment is a HUD-approved nonprofit housing counseling agency whose mission is to advance the Asian American community’s participation, contribution, and influence through faith-based and community partnerships. To date, FACE has educated over 17,000 prospective homeowners. FACE's efforts have resulted in providing homeowners with over $2.3 million in down payment assistance and exemplary efforts have earned numerous recognitions including the prestigious Hope Award from the National Association of Realtors as well as Homefree-USA's President's Award.
For more information visit https://FACELA.org














