Building Wealth in Louisville’s Underserved Neighborhoods with CDFIs
Louisville is working to close significant gaps in capital inflows compared to peer cities. A 2022 study revealed Louisville trails in several key funding areas, including a striking 91.14% deficit in Community Development Financial Institution (CDFI) investment flows. FUSE Executive Fellow Vicky Harris will develop a comprehensive strategy to enhance... Read more
Expanding Homeownership Resources to Equitably Build Generational Wealth
Baltimore’s Department of Housing and Community Development (DHCD) is working to overcome the legacy of past housing policies and ongoing housing challenges that have left marginalized communities with limited pathways to property ownership. FUSE Executive Fellow Dalmar James, Jr. will design and implement a homeownership coaching strategy for underserved communities,... Read more
Catalyzing Bold, Inclusive Affordable Housing Expansion
Albuquerque reflects New Mexico’s remarkable diversity, with nearly 80% of residents identifying as people of color and 10% as people who immigrated. However, residents face significant housing challenges, with single-family home prices increasing 8% last year and nearly 300% over the past generation—far outpacing wage growth. More than one-third of... Read more
Home Ownership as Preservation (HOP)
Seattle has experienced dramatic growth over the past decade, becoming one of the fastest-growing large cities in the United States. While this growth presents economic opportunities, rapidly increasing rents and home prices have displaced low-income families to less expensive areas further from the city. The City has recognized that historically... Read more
Closing the Racial Wealth Gap through Neighborhood Wealth-Building and Revitalization
Atlanta faces one of the largest wealth disparities in the country, with stark differences in wealth levels between different demographic groups. This wealth gap is most evident in predominantly Black neighborhoods where residents have limited access to wealth-building resources such as capital for small businesses, neighborhood-serving retail, and local employment... Read more
Closing the Racial Wealth Gap in Multi-Racial Communities
New Mexico is one of the most diverse states in the country, and Albuquerque reflects this diversity with particularly large Indigenous and Latino populations, as well as significant Black and Asian communities whose numbers are growing. The Office of Equity and Inclusion (OEI) works to reduce barriers to opportunity and... Read more
Expanding Access to Resources and Capital for Equitable Home Ownership
Cleveland faces significant housing challenges rooted in historical patterns of disinvestment that have disproportionately impacted low to moderate-income residents and underserved communities. The city's aging housing stock requires significant repairs in many cases, while neighborhoods that have historically experienced underinvestment, particularly on the East side, are now dealing with rising... Read more
Advancing Equity and Sustainability in Workforce Development
The Department of Health and Human Services in Long Beach is navigating significant challenges in workforce development, particularly in addressing the needs of underserved and vulnerable populations. Historical economic disparities have disproportionately affected low-income residents and communities of color, creating barriers to health services and employment opportunities. These challenges have... Read more
Cultivating Partnerships to Build Wealth and Financial Inclusion
The Port of Long Beach is an economic powerhouse, handling $200 billion worth of goods annually and supporting 2.6 million jobs nationwide. However, the West Long Beach neighborhood that houses the port, where 90% of residents are people of color, with significant Latino, Black, and Filipino communities, suffers from poor... Read more
Strengthening Immigrant and Historically Disadvantaged Small Business Ownership and Generational Wealth-Building
Philadelphia’s immigrant-owned small businesses play a crucial role in the city’s economy, accounting for over a third of businesses in commercial corridors. Despite their economic significance, these business owners face substantial barriers to building long-term wealth, including limited access to business succession planning resources and challenges in acquiring the commercial... Read more