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Grant aims to help close Rochester’s racial gaps
Grant aims to help close Rochester’s racial gaps
The city of Rochester is receiving roughly $550,000 to help close racial gaps in income and wealth.
The money is from Living Cities, a national collaboration of financial institutions and foundations. It is part of a $3.2 million grant investment across six cities, including Rochester, made possible by the Wells Fargo Foundation and Citi Foundation.
The funds will be used locally to provide Head Start families with housing choice vouchers that can be used to buy homes and help with down payment assistance, as well as offering grants to early-stage BIPOC (Black, Indigenous and People of Color) owned businesses, navigation support and other technical assistance.
Rochester Mayor Malik Evans said the funding will help implement the city’s plans to dismantle barriers for BIPOC homeownership and entrepreneurship.
“We understand that we have made progress, but it will take more work to dismantle decades of institutionalized racism,” Evans said. “The city of Rochester is committed to using these funds to bridge the racial wealth gap by administering government policies and programs to increase homeownership and entrepreneurship opportunities for those who’ve been historically marginalized and underserved.”
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