Own Your Home

Own Your Future

Own Your Home

Own Your Future

BUILDING BLACK WEALTH THROUGH HOMEOWNERSHIP

The Dearfield Fund for Black Wealth provides up to $40,000 in down-payment assistance to first-time Black and African American homebuyers to help build generational wealth. The down-payment assistance is like a loan, but homeowners do not make monthly payments and pay no interest. Instead, when homeowners sell or refinance they repay the down-payment amount plus 5% of their home’s appreciation, which allows the Dearfield Fund to serve more Black homeowners.

What We Do

The Dearfield Fund for Black Wealth helps Black and African American communities build a foundation of intergenerational wealth and financial well-being, primarily through home ownership.

How It Works

See if you meet eligibility requirements, use our wealth calculator, and explore other resources. From the time you decide to purchase a home to the time you sell or refinance your home, the Dearfield Fund team is committed to supporting your journey toward generating personal and community wealth.

Who We Are

Meet our Community Advisory Board and our team at Gary Community Ventures, a Denver-based philanthropic organization with a 40-year history of increasing opportunity for Colorado kids and families.

Discover Your Journey to Wealth

From the time you decide to purchase a home to the time you sell or refinance your home, the Dearfield team is committed to supporting your journey toward generating personal and community wealth.

Buy your home

Man, woman two young children under a paper roof smilingIf you’ve decided to purchase a new home, we encourage you to talk with a loan officer at one of the Dearfield lending partners to determine your down payment contribution. We’ll then work together to secure your total down payment.

Manage Your Wealth

Man and boy at breakfast tableAfter you’ve qualified and closed on your mortgage, the only payments you’re expected to make are the monthly payments toward your mortgage. At the same time, you’ll continue to grow equity in your home, your best asset for generating wealth.

Expand Your Wealth

Woman on couch When you decide to sell or refinance your home, you’ll return your original down payment plus 5% of your home’s appreciation back to the Dearfield Fund to support the next homebuyer on their journey to wealth.

Our Lending Partners

At the Dearfield Fund for Black Wealth, we’re motivated by our founders at Gary Community Ventures who believe that “no one makes it, unless we all make it together.” That’s why we and our partners at Elevations Credit Union, FirstBank and On Tap Credit Union are proud to join our Black and African American families, friends and neighbors in taking ownership of the rich and vibrant future they desire.

Elevations Credit Union logo
1st Bank logo
Huntington Bank Dearfield Fund Lendor
On Tap Credit Union logo

Owning real estate in the Black community is super important as it helps to generate wealth and equity. As you paid down your mortgage, you are building more cash flow with helps to create more wealth for your family and it’s a generational wealth, not just something that you make today and it’s gone tomorrow. The Dearfield fund is doing an amazing job at helping people acquire such wealth and I’m really grateful for it.

Meet Colorado’s Newest Homeowners

Shamae WilliamsDemetria HaughtonShakura Wallen