Increasing Generational Wealth Through Homeownership.
Growing Diverse Communities to Give for Good
"Life-changing, "unbelievable," "a silent dream," "a miracle"—these are the words used by Kevan and Ritha Rowe, Tyshawn Cook, Jordan Daniels, and Liz and Josh Riley, respectively, to describe their experience as the inaugural beneficiaries of the San Diego Black Homebuyers Program at San Diego Foundation.
Launched in August 2021 with Urban League of San Diego County and LISC San Diego, the program was seeded with $1 million from the SDF Black Community Investment Fund, along with grants from the BQuest Foundation and the office of County of San Diego Board of Supervisors Chair Nathan Fletcher.
The program goal is to improve the racial wealth gap in San Diego by investing in generational wealth-building opportunities through Black homeownership. In San Diego, fewer than 30% of Black families own homes compared to 61% of white families. This year, the program met its goal by providing financial and homebuying assistance to 37 families.Learn More
"When you have your own home, you're planted there. We're an amazing family. When you have us in your community, it's going to grow; it's going to be better."
SD Black Homebuyers Program Beneficiary