BLACK WALL STREET

Urban neighborhoods across the nation do not have control of our dollars, our real estate and small business, and it is hard to find funding for real estate redevelopment within our community. As a result, across the country urban neighborhoods are being developed by individuals who do have the best interests of the community in mind. This leads to the displacement of longtime residents of the neighborhood, it also destroys community culture by increasing property values for residents, thus making the cost of housing in our community unaffordable. Tulsa Real Estate Fund is the solution to this problem.

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BLACK WEALTH THEN

Black Wall Street was located in Tulsa, Oklahoma on Greenwood Avenue and intersected by Archer and Pine Streets. From the first letter in each of those three roads, you get G.A.P. and that’s where the renowned R&B music group the Gap Band got its name.

Black Wall Street was 35 square blocks with a population of 15,000 African Americans and encompassed over 600 businesses.

In Black Wall Street the dollar circulated within the community 36 – 100 times. A single dollar might have stayed in Tulsa for almost a year before leaving the Black community, according to sfbayview.com.

Dr. Simon Berry, who owned the bus system in Tulsa, recalls that in 1910 his average income was around $500 a day, according to reports from sfbayview.com.

“We’ve got to strengthen black institutions. I call upon you to take your money out of the banks downtown… We begin the process of building a greater economic base.” 

- MARTIN LUTHER KING JR., “I’VE BEEN TO THE MOUNTAINTOP” SPEECH, APRIL, 3RD, 1968

BLACK WEALTH NOW

The report estimates that African American buying power was $1.2 trillion in 2015 and will reach $1.4 trillion in 2020, up from $320 billion in 1990, according to a report from the University of Georgia’s Selig Center for Economic Growth


In 3rd quarter 2016, homeownership rates for African Americans was 41.3 percent. While homeownership rates for Caucasians was 71.9 percent. U.S. Census Bureau.


For a typical black family, median wealth in 2031 will be almost $98,000. Impact of the US Housing Crisis on the Racial Wealth Gap Across Generations, Social Science Research Council (June 2015).


Although African Americans make up 12-percent of the U.S. population, just seven-percent (7%) of small business are owned by African Americans. U.S. Department of Commerce, Minority Business Development Agency.


In 2007, median wealth excluding home equity was $14,200 for blacks as compared with over six times that amount, $92,950, for whites. Home equity, therefore, made up 51 percent of total wealth for the typical white homeowner in 2007. Racial Wealth Gap 


In 2007, average gross receipts for African-American-owned firms actually decreased by 3 percent from $74,000 per firm in 2002 to $72,000 in 2007. U.S. Department of Commerce, Minority Business Development Agency.


Black principal operators sold $846 million of agricultural products in 2012, including $502 million in crop sales and $344 million in livestock sales. They operated 3.6 million acres of farmland. U.S. Department of Agriculture Black Farmers Report


In 2007, total white median wealth, or the wealth of the typical white household, was $244,000; for blacks, it was just over one quarter that level, or $63,060. Impact of the US Housing Crisis on the Racial Wealth Gap Across Generations,


"Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek." 

- PRESIDENT BARACK OBAMA

Learn More About The Solution!

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THE SOLUTION

The Solution is an intentional blueprint and 21st-century handbook designed to help today's African-American community achieve long overdue Unity, Justice, and Repair. Unlike many books tackling such complex subject matter, The Solution is an easy read, carefully crafted to engage the reader with its conversational tone, shocking truths, and bold remedies. This handbook is strategically divided into three focus areas, for optimum effectiveness: Mind-shift, Fact Disclosure, and Solution Action Steps. The purpose of this handbook is to take the struggle of Africans in America past merely documenting our oppression, trauma, and victimization suffered here in America, and provide real-life, practical action steps we as a people can implement today to advance our pursuit of Unity, Justice, and Repair. This may not be the end-all be-all answer for us Africans in America; however, this handbook will provide us a strong foundation and framework to build off of as we commit moving our community forward--by any means necessary.

Join the Movement and learn how to stop gentrification in our community!
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