Strategies: Racial Wealth Building

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

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

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)

Apologize for discriminatory housing policies; increase subsidies, financing, and paths to homeownership for people of color; and invest in systematically disadvantaged neighborhoods

Return the rights to land, property, and resources to Native people as part of policies and initiatives that promote tribal sovereignty

Support financial institutions providing services to underserved and disadvantaged communities