Man becomes first Rondo descendant to receive 'Inheritance Funds'
Anthony Bradford is now a St. Paul homeowner after experiencing homelessness just four years ago.
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Anthony Bradford is now a St. Paul homeowner after experiencing homelessness just four years ago.
A young St. Paul man is the first person to buy a home using the city’s Inheritance Fund. The goal of the new program is to rebuild intergenerational wealth for the descendants of people in the historically Black Rondo neighborhood who lost their homes and businesses to Interstate 94 in the 1950s.
The gap between Black and white homeownership rates in 2022 was wider than it had been in 1960. Habitat for Humanity is leveraging a generous donation and government assistance to expand the number of homeowners in priority markets.
The initiative builds on the city's existing down payment assistance and homeowner rehab programs.
Decades after the construction of I-94, Mayor Melvin Carter is proposing a program that would give forgivable loans to low-income Rondo residents.