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| 11 Mar 2025 | |
| Written by Daphne Gsell | |
| Equity + Justice |
Homeownership is a primary path for generational wealth creation in the US, but its benefits have been inequitably distributed.
The Fair City Challenge aims to identify and support community-based social entrepreneurs with great ideas for revaluing property in historically disinvested Philadelphia neighborhoods - while preventing displacement.
The Grand Prize winner will earn a $50,000 investment.
The competition includes three categories:
· The Home & the Homeowner: Solutions that support low- and moderate-income homeowners in maintaining their homes while adapting to changing circumstances and needs.
· The Neighborhood: Solutions that enhance neighborhoods while preventing the displacement of current residents.
· The City: Policy-focused solutions that support low- and moderate-income homeowners who aim to build household and community wealth while avoiding displacement.
Applications open through Friday, March 28, 2025.
Go to www.economyleague.org/faircity to learn more!
