Milwaukee is one of eight US cities to receive a $7.5 million grant to help low- and moderate-income families buy homes, the Milwaukee Journal Sentinel reports.
The Wells Fargo Wealth Opportunity Restored Through Homeownership (WORTH) initiative, a $60 million national effort to address systemic barriers to homeownership for people of color, is giving the money to the Community Development Alliance to help low- and moderate-income families buy homes, according to a press release.
The WORTH initiative has already helped more than 50,000 low- and moderate-income families buy homes.
"We know that homeownership is a catalyst for dismantling systemic racism and building strong communities," the CDA's president tells the Journal Sentinel.
"By working collaboratively, the CDA invests in neighborhoods, providing access to quality homes for Milwaukee families and nurturing capacity for Black and Brown families to build generational wealth."
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