Case Study: The African-American Financial Capability Initiative
In cities across the nation, the racial wealth gap is increasing each day, and marginalized communities are being left behind. According to the African-American Financial Capability Initiative, a coalition comprised of more than 30 organizations across the nation, the racial wealth gap has grown three-fold in the past 25 years.
Community-centered financial stability pilot projects were implemented in six cities (Des Moines, Iowa; Minneapolis and St. Paul, Minnesota; Portland, Oregon; Seattle and Tacoma, Washington) in an effort to strengthen asset-building services; sharpen policy advocacy strategies; and grow leadership capacity to benefit local communities.
Read about the initiative and the results by clicking here.