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Making the Case to Close the Racial Wealth Gap
The disparity in homeownership between Minnesota’s African American and White households equals 52%. Build Wealth MN's 9000 Equities Fund will provide affordable first mortgages, or equivalent, financing opportunities to households struggling to access mortgages in historically underserved communities of color. BWM aims to reduce the wealth equity and homeownership gap by 15% by financing 9,000 new homeowners over 5 to 7 years.
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