Paving the Path to Homeownership for Housing Choice Voucher Holders
Since the mid-20th century, homeownership has been one of the most important vehicles for building wealth in the United States. According to research from the…
Since the mid-20th century, homeownership has been one of the most important vehicles for building wealth in the United States. According to research from the…
For more than 100 years, The Chicago Community Trust has convened, supported, funded, and accelerated the work of community members and changemakers committed to strengthening the Chicago region. From building up our civic infrastructure to spearheading our response to the Great Recession, the Trust has brought our community together to face pressing challenges and seize our greatest opportunities. Today, that means confronting the racial and ethnic wealth gap.
Showing 1081–1088 of 4390 results
Grant Recipient
In support of Financial Health Network to design and implement a local version of the FHN national survey.
Grant Recipient
The Institute for Community Empowerment, working with its partner organization, the Coalition to Save Our Mental Health Centers, seeks to engage and train volunteer leaders to create three new Expanded Mental Health Services Programs (EMHSPs) in 2022 and 2023 in three broad and diverse Chicago communities with 440,000 residents on the South and West Sides. To be successful, residents will first learn the skills to educate their neighbors about the importance of mental health services, then win a binding referendum to raise their property taxes to pay for them, and finally steer and oversee their new mental health center. Through their efforts, they will build collective power to take ownership of vital services tailored to local needs.
Grant Recipient
The City Colleges of Chicago Foundation Student Technology Equity Program will empower students across the city with tech tools (laptops and connectivity), student supports, and capabilities to thrive in learning environments and workplaces that require a mastery of technology to be successful. The program will create more equitable access to technology and skill building to prepare Chicagoans to enroll, complete a college credential (certificate or degree), launch or advance their careers, and contribute to an inclusive Chicago economy.
Grant Recipient
The WBDC is seeking a bridge grant to develop and refine an enhanced model for delivery of EMBA. The goal of EMBA is to advance a stronger and more connected small business field of practice among Chicago BSOs as it relates to contracting and procurement opportunities for their minority business clients. This ensures a greater number of minority business owners have the exposure acumen, resources and tools needed to consider and be successful with higher-margin opportunities in this marketplace. The WBDC will draw upon our recent successful experiences with the Hub and Spoke delivery model. For EMBA, it is anticipated the WBDC will serve as the Hub, the Chicago Minority Supplier Development Council (CMSDC) as a Subject Matter Expert and select hyper-local, community-based Business Service Organizations as the Spokes. The Bridge grant will enable the WBDC to customize and refine the model, ascertain interest, form deeper relationships with targeted BSOs, and enlist participation and involvement from Corporate Partners who engage with Advocacy organizations on an ongoing basis for Supplier Diversity activities.
Grant Recipient
By bringing together a dynamic and diverse collaborative of key community, hospitality industry, and philanthropic partners, the Bronzeville Culinary Incubator made significant progress in 2021 toward our goal of substantially increasing the number and vitality of Black-owned and -led culinary enterprises and using these enterprises as platforms for revitalizing Black Chicago. Informed by our year one learnings, our 2022 planning effort will address 4 key challenges regarding the development of talent, financial resources, spaces, and patrons that hamstring our ability to scale our effort. This work will clarify near-term opportunities to reduce the racial culinary gap, provide specific goals and a detailed plan to capture these opportunities, and deepen relationships with existing and new collaborators.
Grant Recipient
Leveraging the unique research methodology pioneered by the U.S. Financial Health Pulse, FHN will launch this “Chicago Financial Health Pulse” to understand how the financial lives of diverse communities in Chicago are changing over time. This project would be one pillar of the Trust’s broader strategy to close the racial wealth gap in Chicago over the next decade. By understanding how Chicago residents are spending, saving, borrowing, and planning, researchers could identify policy and industry solutions that would help close the racial wealth gap. Findings from the study could be used to galvanize conversations across an array of stakeholders committed to investing in solutions to close the racial wealth gap over the next ten years.
Grant Recipient
Field Foundation is seeking renewed support of up to $350,000. At Field Foundation, we know that media and storytelling connects communities, helps us understand possible solutions to tackle deep problems like the racial wealth divide and technology deserts. In this moment, when there are uprisings and protests pushing us to examine the patterns of neglect and divestment that have damaged communities of color, at Field we have decided now is the time to deepen our commitment to this precious group of media and storytellers that help us think about and know our city in a unique way. Field is changing how news production and storytelling reflect Chicago and we are helping to create a more equitable, connected and inclusive media ecosystem.
Grant Recipient
UChicago Office of Civic Engagement (OCE), the Polsky Center for Entrepreneurship and Innovation, and its current local financial partners including Chicago Community Loan Fund (CCLF) and Seaway, a Division of Self-Help Federal Credit Union, request a $25,000 planning grant from the Fund for Equitable Business Growth. These funds will enable the partnership, in early 2022, supported by learnings gained from the pilot implementation and robust evaluation of the Small Business Financial Fundamentals (SBFF), to re-examine the program’s partnership model, to make refinements to the program design including the core curriculum engaging UChicago Booth School of Business faculty and local banking partners, and to participate in co-learning opportunities between the funders and the BSO cohort. Over this period, the project team will also gather additional data and feedback from SBFF pilot participants and connect them to ongoing supports and resources to inform future enhancements to SBFF. The partnership will integrate shared learnings and prepare to advance a second program cycle of SBFF, which is responsive to the evolving needs of entrepreneurs of color. Through SBFF, UChicago and its local banking partners will continue to support local entrepreneurs to build financial management knowledge and skills, support recovery and resilience as firms rebound from the pandemic, and help prepare these businesses to ultimately apply for and absorb financial capital.