Strategies: Racial Wealth Building

Provide funds to households with low incomes to meet home energy needs, especially for households with children, older adults, or individuals with disabilities

Require developers to reserve a proportion of housing units for residents with low incomes via mandatory requirements or incentives, such as density bonuses

Provide funding, primarily to families with low or middle incomes, to repair, improve, or modernize dwellings and remove health or safety hazards

Reform zoning regulations to remove exclusionary zoning codes, address physical environment aesthetics and safety, street continuity and connectivity, residential density, and mixed-use development, etc.

Acquire, hold, manage, and develop properties such as vacant lots, abandoned buildings, or foreclosures, and transition them to productive uses, often affordable housing developments

Create designated tax districts that generate revenue to invest in affordable housing initiatives, blight remediation, and economic development efforts

Purchase the land a home is on to lease to homeowners with low and middle incomes and require homeowners to sell the home back to the trust or to another resident with low income upon moving

Provide funding for local community development activities such as affordable housing, anti-poverty programs, and infrastructure development

Provide grants to states and localities to fund activities that build, buy, or rehabilitate affordable housing for rent or homeownership, or provide direct rental assistance to households with low incomes

Provide funding via tax credits at the state and local level to support development and rehabilitation costs of low income rental housing