This program a community relief fund that provides financial assistance to black families [in the form of grants or scholarships] to lighten the burden of the ever increasing education tuition and housing costs. Additionally this initiative provides start-up grants for new black owned businesses. This initiative is designed as a stimulus to the net worth of black families. Although it is considered “good debt,” one of the biggest threat to financial freedom and economic progress for the black community is debt incurred while trying to obtain the “American Dream;” a dream that is consistently hampered by the presence of the racial stigma the built this country.
Achieving the goals of this program would result in low, middle, and working class, black families accomplishing the dream of financial freedom, home ownership and/or becoming a small business owner without being plagued by a poor debt to income ratio. Another goal of this program is to aid in closing the ever increasing education and wealth gaps by increasing our knowledge of education savings tactics, tuition assistance programs, the home buyer process and the ins and outs of successfully starting and running a small business.