Our Black founders have identified homeownership, education, and entrepreneurship as the primary methods of generating long-term wealth for the Black community, and have chosen homeownership as our first initiative. We’re partnering with Multiplier, a nationally recognized incubator, and with local organizations in each target city to select participants, manage contributions, and disburse reparative transfers. Learn more about Reparative Transfers
Homeownership comprises the largest portion of Americans’ wealth, yet has been consistently less accessible to Black citizens. In 2021, Black homeownership rates were lower than they were 50 years ago. Reparation Generation is closing the gap by providing $25,000 to Black Americans purchasing a primary residence in Detroit. Our goal is to eventually scale and expand to cities across the U.S.
Detroit’s booming auto industry attracted thousands of Black Americans during the Great Migration, and the city was a beacon of Black prosperity and opportunity until racial covenants and urban planning schemes displaced Black residents and businesses. Today, the city’s renaissance is being influenced by Black Americans who believe Detroit can once again be a place where Black residents and culture thrive. Detroit is an ideal place to show the power of reparations. Learn more
Education is the key to social mobility and wealth generation, but for too many Black Americans, pursuing a higher education means taking on significant student loan debt. With disparities in hiring and pay still negatively impacting Black graduates, the risks of taking on student loans can outweigh the benefits of a college degree, ultimately widening the racial wealth gap. Reparation Generation’s future education initiative will provide financial support to Black students furthering their education in selected cities.
Starting a business can generate wealth in the present day and create an asset to pass on to the next generation. Unfortunately, Black entrepreneurs face hurdles ranging from systemic bias to a lack of initial capital and difficulty obtaining credit, among other challenges. Reparation Generation’s future entrepreneurship initiative will focus on providing financial assistance to Black Americans starting or growing businesses in selected cities.
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