Strategies: Racial Wealth Building

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

Provide employees with paid time off for circumstances such as a recent birth or adoption, a parent or spouse with a serious medical condition, or a sick child

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

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

Require employers in an affected jurisdiction to provide paid time off for employees to use when ill or injured

Support funds that help create or maintain affordable housing, subsidize rental housing, and assist homebuyers with low incomes and non-profit housing developers

Provide education on basic budgeting, bank use, credit management, bankruptcy, credit building and counseling, homeownership, retirement, divorce, etc.

Support acquisition of job-specific skills through education, certification programs, or on-the-job training, often with personal development resources and other supports

Build assets through child development accounts (CDAs) with contributions from a sponsoring organization, such as government agencies or nonprofits, and family, friends; also called children’s savings accounts (CSAs)

Provide industry-focused education and job training based on the needs of regional employers within specific sectors