Technical.ly: These wealth-building orgs just got $7M to boost Black and Latinx West Baltimoreans

Baltimore, Maryland, USA Inner Harbor Skyline Aerial.

Hear “wealth” and you might imagine a life of excess. But it’s also about household and community stability, and revitalization.

Over the next three years, financial firm JPMorgan Chase has committed $7 million to wealth-building organizations POWER: Prioritizing Our Women’s Economic Rise Collaborative and Parity Homes.

In total, JPMorgan Chase is committing $20 million to Baltimore City as part of a broader $75 million, five-year commitment to the Greater Washington region. Its goal is to close the racial wealth divide in the United States that leaves just 40% of Black families owning homes, as opposed to 73% of white families.

Read the full article at Technical.ly

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