Marietta Rodriguez

Often when people speak of Black wealth, they talk first of homeownership, and that's certainly one path to get there, explains Sheila Anderson, senior director of NeighborWorks America's Western Region. "But that's not the end all for building wealth." To truly increase wealth and assets in Black households and communities, we must think more broadly, she says.

Did you know that many Americans can keep more of their money at tax time by getting free tax preparation from IRS-certified volunteer preparers? The IRS Volunteer Income Tax Assistance (VITA) and the AARP Foundation Tax-Aide programs provide free preparation — without upcharges or hidden fees — and serve taxpayers using rigorous IRS preparation standards and certified tax preparers. 

NeighborWorks America released new impact data showing just how much of a difference the organization and its network are making in the field of affordable housing and community development. While the data reflects nationwide housing trends — including a limited inventory of homes and higher home prices — it also shows an increase in the number of homeowners preserved and an increase in the number of rental homes in the network.

Erika Leos, financial program wellness manager for Foundation Communities, feels deeply for the clients who come to her organization with debts accrued from payday loans. The high-interest loans appeal to people who need that last bit of money to help them pay rent or get food on the table.