Strategies: Racial Wealth Building

Establish time-limited, subsidized, paid jobs to help individuals with barriers to employment transition to unsubsidized employment

Provide financial assistance to working parents, or parents attending school, to pay for child care

Help high school students prepare for college, complete applications, and enroll, especially first-generation applicants and students from families with low incomes

Support subsidized asset accumulation programs in which deposits by participants with low and moderate incomes are matched by program sponsors; withdrawals must be used for qualified expenses to retain matching funds

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

Coordinate access to services across delivery systems and disciplinary boundaries (e.g., housing, disability, physical health, mental health, child welfare, workforce services, etc.)

Support programs that provide small loans, usually to individuals with lower incomes, to start or expand a small business, often with business development training and other technical assistance

Provide outreach and support to assist those whose employers do not offer affordable coverage, who are self-employed, or who are unemployed