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"For black people, there is a double standard," Monica Montgomery Steppe says. "We, as a city and as a nation, are facing it for what it is."
The San Diego Housing Commission on Wednesday announced a $7.5 million grant from Wells Fargo to help people of color buy homes, the San Diego Union-Tribune reports.
"We want you here because diversity is the strength of this city and home ownership is the power that helps provide the stability the city needs to move forward," said Mayor Todd Gloria at the announcement.
The Wells Fargo Wealth Opportunity Resorted Though Homeownership or WORTH initiative, a $60 million national effort to address systematic barriers to homeownership for people of color, aims to help 40,000 new homeowners of color nationwide by the end of 2025.
"There are systemic barriers to closing the racial wealth gap," Wesley Brooks, Home Ownership Lead at Wells Fargo, tells the Union-Tribune.
"When we heard from the housing commission in-depth detailed knowledge of what some of the barriers were, and comprehensive strategies of how they were going to address those barriers, it became a no-brainer to fund that."
A San Diego Housing Commission Urban Institute study found that black families own just 29% of homes in the city, while Latino families own 35% and white families own 55%.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
If you're in Nashville and want to help fight climate change, there's a program you can sign up for for free. The Climate Innovation Accelerator is a 10-week program from Vanderbilt University's...more
"Education, a fundamental right, is a powerful catalyst for development worldwide." That's what Kenyan social entrepreneur Mumbe Mwangangi has to say about her new startup, Nyansapo AI, which...more
"The future of our nation hinges upon its young,educated, and socially conscious demographic," State Bank of India CEOjay Prakash says in a press release. Prakash is referring to the roughly 1...more
The director of the Flanders Architecture Institute in Belgium has been named an honorary fellow of the Royal Institute of British Architects, the Guardian reports. Sofie De Caigny, who took over...more
If you're an expert in geographic information system (GIS) technology, you may want to consider attending the annual Esri User Conference in San Diego next month. The event, which runs from July...more
"I was working in corporate America for one of the world's largest retail companies, and it was challenging and wonderful in many ways. But I was finding my truest fulfillment on Saturday...more
Foundation: Whitefish Community Foundation
"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more
If you're looking for a way to boost your community's sense of place, researchers at Gustavson University in Sweden have just the thing. They've developed a set of five principles that community...more
Seri Roth is an entrepreneur "with a passion for empowering communities and fostering positive change," according to her website. She's just launched Boston Queers, an online directory and...more
The new president of the International Storytelling Center in Jonesborough, Tenn., says he'll bring a "keen appreciation for the arts and Appalachian history" to the job, the Knoxville News Sentinel...more
Community Building News from...
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Social Entrepreneurship
Spotlight
Calgary Social Enterprise Offers High-Tech Services by People with Autism
Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.
