By Brianna Crane The U.S. Black homeownership rate (45.9%) is nearly 30 percentage points lower than the white homeownership rate (73.8%), per the latest from the Federal Reserve. To help close the gap, there are a number of local programs and tools geared toward...
Nahjee Maybin feels fortunate to be fulfilling the American dream of graduating college, landing employment and saving enough money to buy a first home for his family — particularly when he considers the myriad ways government and society historically hindered Black...
The Dearfield Fund for Black Wealth is among the 25 finalists for this national prize honoring the very best in innovative housing affordability programs.
“Think about the wealth that was created during (the ‘40s and ‘50s) that White families have been able to leverage generation after generation, either to send their kids to college, to be able to start a business, to writing a check for their loved ones to be able to...
Source: ImpactAlpha As a relatively new impact investor, RWJF is working to deeply embed racial equity in how we do our work and the outcome we hope to see. Our Impact Investments team calls this our “3P” strategy: investing in diverse people, providing the field...
A history of discrimination in Colorado has prevented Black families from buying homes and passing down generational wealth. A new program hopes to close the racial wealth gap by helping Black home seekers achieve the dream of ownership.
Scripps News: Vanessa Misciagna DENVER — Justin Murchison is now a proud homeowner. He purchased his first home in 2021. “I’m so used to apartments. I’m so used to renting. I’m so used to moving in two years, you know what I mean? But this is the first time which I...
5280 Magazine: Barbara UruzaUp until a few months ago, Justin Murchison had no plans to buy a home—anytime soon, that is. Like many millennials, the 29-year-old was renting a home in Aurora with a couple of roommates. As a single, Black man who is “not making close to...
City Cast Denver Podcast Until recently, Justin Murchison wasn’t really thinking about buying a home. He was more focused on paying down his credit card debt and taking care of his plants. Then he stumbled upon on opportunity that most young people in Denver only...
Denverite: Kyle Harris The wealth gap between white and Black families with kids can be as large as 100 to 1, according to Gary Community Ventures, a Denver-based philanthropic organization that serves metro area families. Part of the Gary Community Ventures mission...