Dear John,
Over the years, DC and its economy
have grown exponentially. Unfortunately, some of the ways our economic
growth has occurred has only increased the gap between the wealthy and
those who continue to struggle, particularly marginalized black and
brown communities. Just look at the data: the median
white wealth in DC is 81 times the median black wealth, $284,000 versus $3,500.
On top of that, Black and brown
families that have been in Washington for generations are being priced
out of their neighborhoods and this city.
Addressing these disparities that
have existed for generations takes short and long-term
strategies.
In order to achieve racial equity,
we must take into account all the ways economic development impacts
those who are underserved, and invest resources created from our
city’s growth to uplift those who are traditionally left out.
Achieving equity is not a zero-sum game: we can work together to
expand opportunities for all, growing our inclusive economy
together.
On the Council, I have taken bold
steps to reduce the racial wealth gap and create more opportunities
for black and brown families in DC, including:
- Creating
the “Baby Bonds” program, which provides $1,000 per year to every
eligible baby born in DC to pay for their education, start a small
business, purchase a home or make investments when they turn
18.
- Authoring the REACH Act, which established the DC Council’s
Office of Racial Equity and the Chief Equity Officer to eliminate
racial disparities and achieve racial equity in our government’s
policy-making process.
-
Championing the Black
homeownership program and
Housing Purchase Assistance Program to mitigate the number of racial
disparities that exist in homeownership across the city.
- Establishing and funding the Commercial Acquisition Fund to
allow socially disadvantaged small business owners to apply for grants
in order to purchase their commercial properties and combat commercial
gentrification.
- Securing
funding for community development financial institutions and minority
deposit institutions that provide critical access to capital to
entrepreneurs of color.
-
Directing the Commemorative Works
Commission to erect statues in each ward that highlight the
contributions of native Washingtonians, honoring the local history of
Black and brown people.
- Requiring the Retirement Board to report annually on the
affirmative steps it has taken to hire diverse fund
managers.
Our citywide representation must
reflect the values of all of our neighbors, from Chevy Chase in
Northwest to Congress Heights in Southeast. I am running on a record
that represents all of our residents’ interests.
As your next At-Large
Councilmember, I will continue to champion policies that help
all families in the District realize economic stability,
achieve equity and have a seat at the table.
In Service, Kenyan
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