Strategies: Racial Wealth Building

Increase the lowest hourly, daily, or monthly compensation that employers may legally pay to workers

Establish locally mandated wages that are higher than state or federal minimum wage levels

Increase compensation provided to unemployed workers looking for jobs by expanding eligibility, amount, or duration of benefits

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

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

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

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

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