Homeownership is a key part of building generational wealth, especially in Chicago where only 33.9% of Black families and 45.6% of Latino families own their homes, compared to 53% of white families, according to the Chicago Community Trust.
A program backed by local and national funders is looking to change those statistics by providing a smoother path to homeownership on the West Side — focusing on East Garfield Park and Humboldt Park, where the disparity in homeownership is even more striking.
In 2021, Chicago was one of five cities selected for the program Connecting Capital and Community that aims to strengthen housing investments and level the playing field for homeownership. The other cities are Los Angeles, Miami, Greater Seattle and Washington, D.C. The national initiative is led

Chicago Sun-Times

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