Building Equity in Small Multifamily Ownership: Year 1 Progress Update
2021 marked the first fill year of the Building Equity in Small Multifamily Ownership initiative, a set of strategies helping Black, Indigenous, and People of Color (BIPOC) build wealth as owner-occupants of small multifamily (2-4 unit) homes. The Building Equity initiative is led by a collaborative of organizations: Family Housing Fund, Hope Community, Build Wealth Minnesota, Model Cities, the Land Bank – Twin Cities, the Minnesota Home Ownership Center, and the Greater Minnesota Housing Fund. Together, we aspire to reduce racial disparities in homeownership and wealth by building a system that supports access to small multifamily ownership. This progress update report shares the early successes of the initiative from January 2021-March 2022.