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Black Wealth Builder's Fund


ERASING THE REDLINE OF RACIAL INJUSTICE


The Black Wealth Builder's Fund is a project launched by Arlington Community Church (UCC), to help repair a small portion of the financial damage of racism and white supremacist policies—in particular, the longstanding barriers to Black homeownership that have existed in our East Bay communities.

For most Americans, a home is their major source of wealth. A home appreciates over time and can be passed down to the next generation. But because of segregation, redlining, adverse (or nonexistent) mortgage terms, and loan application rejection, the Black community has been shut out from this major wealth-building tool.


How does the fund assist potential Black homeowners?

A major barrier to homeownership, especially in the high-priced Bay Area, is the lack of a down payment. This is especially true for Black homebuyers, who may have good incomes but no access to the additional capital they need for a down payment.

We will:

• Create a zero-percent-interest loan fund, to be paid back only when the home is refinanced or sold;

• 
Work with Black-serving local organizations to identify potential Black homebuyers who are on the journey to homeownership but who lack sufficient down payment.

Because the Black Wealth Builder's Fund is a loan fund, money from home refinance or sale flows back into the fund, ready to assist other homebuyers. In addition, there may be other avenues by which we can support Black homeownership through our fund.


For further assistance or specific information on a wire transfer, stock donation, or any other bequest, please contact Stacey Street at sstreet@richmondcf.org or 510-234-1200.

$226,054

raised of $200,000 goal
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  2. An anonymous donation of $100 has been made
    3 days ago · Like
  3. Charlotte Russell
    Charlotte Russell gave a $104.58 donation
    Dedication In Honor of: Arlington Community Church UCC
    15 days ago · Like
  4. Julia Madore
    Julia Madore gave a $200 donation
    19 days ago · Like
  5. An anonymous donation of $100 has been made
    about 1 month ago · Like
  6. An anonymous donation of $100 has been made
    2 months ago · Like
  7. Lena Robinson
    Lena Robinson gave a $500 donation
    Paying it forward to bless families to achieve the dream of homeownership.
    3 months ago · Like
  8. An anonymous donation of $100 has been made
    3 months ago · Like
  9. An anonymous donation of $100 has been made
    4 months ago · Like
  10. Kathleen Hayes
    Kathleen Hayes gave a $1,500 donation
    5 months ago · Like
  11. An anonymous donation of $100 has been made
    5 months ago · Like
  12. william goodwin
    william goodwin gave a $10 donation
    Dedication In Memory of: William Goodwin
    It was always YOU.
    6 months ago · Like
  13. An anonymous donation of $100 has been made
    6 months ago · Like
  14. An anonymous donation of $100 has been made
    7 months ago · Like
  15. An anonymous donation of $100 has been made
    8 months ago · Like
  16. An anonymous donation of $100 has been made
    9 months ago · Like
  17. An anonymous donation of $100 has been made
    10 months ago · Like
  18. An anonymous donation of $100 has been made
    11 months ago · Like
  19. Barry Cammer
    Barry Cammer gave a $100 donation
    about 1 year ago · Like
  20. Jeane and Roget Samuelsen
    Jeane and Roget Samuelsen gave a $200 donation
    With gratitude for the vision and energy of Susan Russell and Barry Cammer.
    about 1 year ago · Like
  21. Holly Bridges
    Holly Bridges gave a $200 donation
    about 1 year ago · Like
Charlotte Russell
Julia Madore
Lena Robinson
Kathleen Hayes
william goodwin
Barry Cammer
Jeane and Roget Samuelsen
Holly Bridges
Melissa Ferrer

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