Community Economic Development Corporation CEO Kevin Seawright has joined forces with RPS Solutions LLC to help lower income residents buy homes.
This first-time home buyers program is something new to the city of Baltimore. The venture will make homes affordable and go a long way in making neighborhoods more livable.
Seawright took on this joint venture to help strengthen the city of Baltimore. The city’s home ownership rate is just under 48%. Seawright aims to boost that number within the next three years while improving the Belvedere Square neighborhood.
“Home ownership helps everyone involved,” said Seawright when speaking to LocalTalkNews. “People who owned their own homes will take more pride in keeping it up.” With each new home, the city gets closer and closer to its goal of vibrant and stable communities. The initiative will also make crime rates drop.
RPS Solutions will help potential home buyers connect with banks to get affordable mortgages. They will also either build new properties or provide renovations to get properties up to code.
Seawright’s efforts have helped many people get into affordable homes. He says his efforts will continue until all people who want to purchase affordable homes can get one.
Seawright is a Pittsburgh native who has worked primarily on the East Coast. Before accepting the job at the CADC, he worked in finance on Baltimore’s state and federal level.
He held jobs as CFO of Baltimore’s Housing Department and the Baltimore Commission On Aging and Retirement. He was also credited with helping the city save $100,000 by implementing an new and improved accounting system. He also worked for Tito Contractors in Washington D.C.
Seawright holds seats on a number of boards including the Babe Ruth Museum. He also works with the underprivileged youth of Baltimore. He is a member of the Association of Black Accountants.