Why The $75 Billion Housing Opportunity Zones Should Matter To Black Communities

Opportunity Zones (OZ) represent our country’s newest strategy to improve struggling communities. There are about 8,700 designated areas, which are required to have a poverty rate of at least 20%. Minorities should benefit as the program is designed as a tax benefit, that specifically encourages investors to place funds into low-income neighborhoods. Ultimately, the goal of these OZ tracts is to use the investment to create new housing developments, businesses and jobs for those most in need.

Yes, Homeownership Is Still A Boss Move

By Christopher Pitts The homeownership rate among Black people stands at 41.1% Black homeownership is as low as it was when housing discrimination was legal in 1960s For Black America the pursuit of the American Dream has never wavered, yet they still lag significantly behind other ethnic groups in terms of homeownership. The reasoning starts

Is Black Homeownership Still a Boss Move?

‍ By Christopher Pitts The homeownership rate among black people stands at 41.1% Black homeownership is as low as it was when housing discrimination was legal in 1960s For Black America the pursuit of the American Dream has never wavered, yet they still lag significantly behind other ethnic groups in terms of homeownership. The reasoning

HBCUs Level Up With First Opportunity Zone Fund

By Christopher Pitts Renaissance Equity Partners creates HBCU Opportunity Zone Fund 56% of Opportunity Zones residents are minorities Forever underfunded, always appreciated, Historically Black Colleges and Universities (HCBUs) boast adequate educational environments, however the areas surrounding them are often devoid of investment. Renaissance Equity Partners, a black owned investment banking firm, along with the HBCU

Major Key Alert: Opportunity Zones Should Matter To Black Communities

By Christopher Pitts Treasury Secretary Steven Mnuchin predicts $100B in capital investment will come from Opportunity Zones Black Americans are particularly over-represented in the 8700 designated Opportunity Zones Opportunity Zones (OZ) represent our country’s newest strategy to improve struggling communities. There are about 8,700 designated areas, which are required to have a poverty rate of

Stay Full: Black-Owned Restaurants Should Issue “Dining Bonds”

By Christopher Pitts Restaurants have begun to issue “dining bonds” which work like discounted gift cards The number of African-American-owned restaurants surged to 49% between 2007-2012 The coronavirus outbreak has derailed the restaurant industry at an alarming rate, with an increasing number of states and regions enforcing population lockdowns and closing “non-essential” businesses. Before the

Disappearing Acts: The Black Business Community’s Fight Against COVID-19

By Christopher Pitts Approximately 12% of Black and brown business owners who applied for PPP received the amount of money originally requested Black business ownership is down almost 40% since the coronavirus pandemic ensued The disappearance of Black businesses is becoming more severe by the day, as economic conditions deteriorate due to the COVID-19 crisis