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Minnesota harbors one of the widest racial disparities in homeownership nationwide, with Central, Western, and Greater Minnesota particularly affected.
The St. Cloud area, despite a 30 percent population of color, faces a stark homeownership rate of just 12.6 percent among these communities. This places it as the 9th highest in homeownership disparity across all U.S. metropolitan areas.
There is an effort underway in St. Cloud to turn the tide, and it is being led by the new nonprofit, OneCommunity Alliance. Executive Director Hudda Ibrahim, Director of Engagement and Development Megan Kalk, and Board Member Romaine Bray were interviewed on WJON-AM the afternoon of January 31st.
The nonprofit is committed to fostering a more inclusive and equitable regional economy, and they have just taken a significant step forward in their mission. OneCommunity Alliance is working to help people of color achieve the American Dream of homeownership. The nonprofit just started training a second group of would-be homeowners in its Homestretch Courses delivered in partnership with the African Development Center. The course is designed to equip people with the knowledge and qualifications needed for homeownership and access to downpayment assistance.
Learn more about the organization online at Onecommunityalliance.com