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Invest STL Pilot Program focused on keeping residents Rooted in the community

Invest STL Pilot Program focused on keeping residents Rooted in the community

“This is not just a dream or something that is so far away that you can’t reach. This is happening in our community and it’s happening with people that are here.” – Star Stinson, West End resident and Rooted participant. Watch the Fox 2 story to learn more about Rooted: Cultivating Black Wealth in Place and how the new initiative from Invest STL is supporting residents’ ability to stay and grow in the place they call home.

 

Rooted initiative provides 20K to some city residents

Rooted initiative provides 20K to some city residents

The Rooted initiative hopes to create “a multi-generational approach to wealth building” by providing $20,000 to 50 participants that live in the city’s West End or Visitation Park neighborhoods who applied and qualified for the grant. Each participant will have access to free services including financial planning, credit counseling, and estate planning. Click here to read the whole article from the St. Louis American.

To strengthen north St. Louis neighborhoods, program gives 50 families $20,000 each

To strengthen north St. Louis neighborhoods, program gives 50 families $20,000 each

“We entered this program to keep our home for our family,” Darius Franklin said. “We didn’t enter this program just so we could fix it up, make it look nice and get a check. This house is more than just monetary value to us.”

The 1906 home in the West End is owned by his grandfather and is home to multiple generations of family who see Rooted as an opportunity to protect and build upon their assets, to ensure that future generations can benefit from their family’s legacy and remain in their home on Oakley Place.

Rooted: Cultivating Black Wealth in Place is a new initiative developed through Invest STL’s work in policy design, activating and testing innovative approaches to longstanding challenges neighborhoods and residents face. Rooted is focused on helping West End and Visitation Park residents build wealth so that they can afford to stay and grow in their neighborhood. To learn more about Rooted and see pictures of the neighborhoods check out this article from STL Today – St. Louis Post-Dispatch, click here.