March 9, 2022
Are $40,000 Loans The Key To Closing Denver’s Racial Home Ownership Gap?
Until recently, Justin Murchison wasn’t really thinking about buying a home. He was more focused on paying down his credit card debt and taking care of his plants. Then he stumbled upon on opportunity that most young people in Denver only dream about: a path to buying their first home.
City Cast Denver
Until recently, Justin Murchison wasn’t really thinking about buying a home. He was more focused on paying down his credit card debt and taking care of his plants. Then he stumbled upon on opportunity that most young people in Denver only dream about: a path to buying their first home.
City Cast Denver host Bree Davies chats with Justin about his journey to homeownership. Plus, we’ll hear from Santhosh Ramdoss, vice president of impact investing at Gary Community Ventures. He helped create The Dearfield Fund that made Justin’s home purchase possible and he says it could be the key to shrinking Denver’s racial home ownership gap.
Wanna know where Gary Community Ventures got that name for their fund — Dearfield? We talked about the historic Black homesteading community with Westword editor Patty Calhoun a few weeks ago, and you can learn even more courtesy of the Colorado Encyclopedia.
Related Content
- Colorado could use $700 million of TABOR surplus on a new child tax credit
- Colorado lawmakers advance a new tax credit that could cut child poverty in half
- HB-1311 Cuts Child Poverty in Half, Benefits 45% of Colorado Families
- For Colorado Families, Getting by is Getting Tough
- Celebrating Rising Homeownership Rates for Black Women in the US