Dearfield Fund for Black Wealth is a market-based solution to addressing the racial wealth gap. The Fund’s goal is to accelerate homeownership among Black families in the Denver metro area through an innovative down-payment assistance program, structured in the form of shared equity. The Fund will provide from $40,000 to $60,000 in down-payment support (or about 10 percent of the value of the home) to Black homebuyers seeking to purchase their first home.
The Fund is set up as a concessionary private equity fund, with expected returns between 1-3% over the 10-year period.
|Support Type||Program-Related Investment|
Community Development > Community Planning
Denver > Denver