6 results for “community wealth”
6 results for “community wealth”
The City of Tulsa's Office of Financial Empowerment and Community Wealth (OFE), officially launched in January 2023 under the Department of Resilience and Equity, provides programs and resources to improve financial stability and reduce economic disparities. The OFE was formally added to the City's General Fund Budget for Fiscal Year 2026, including two positions: Director and Financial Empowerment Program Assistant, with $330,000 in American Rescue Plan Act (ARPA) funding secured for Financial Empowerment Center operations and $95,000 from private local foundations. For fiscal years 2026–2027, the office will receive an additional $150,000 in funding. The Tulsa Financial Empowerment Center, whose planning began in February 2020, operates as part of the city's broader resilience strategy and has leveraged Community Development Block Grant, ARPA, and private foundation grants to support its operations.
AI summary
In December 2020, the City of Evanston's Reparations Subcommittee recommended that the City Council discuss a proposed restorative housing program as part of the city's local reparations initiative. The proposal drew on N'COBRA and NAARC definitions of reparations as a process of repairing and restoring communities harmed by institutional injustice, emphasizing that remedies must be defined by those who suffered the harm and managed through independent structures. The city had established the Reparations Fund in November 2019 with $10 million in funding from a 3% Municipal Cannabis Retailers' Occupation Tax, tasking the Reparations Subcommittee with conducting a feasibility study on housing assistance programs and economic development opportunities for Black residents to address historical wealth and opportunity gaps.
AI summary
Bank On Tulsa, coordinated by Tulsa's Office of Financial Empowerment and Community Wealth (OFE), helps residents connect to safe and affordable bank accounts, with 13 certified accounts meeting Bank On national standards from institutions including Ally Bank, Arvest, BancFirst, Bank of America, Chase, Discover Bank, and others. The program provides financial literacy workshops throughout the year; organizations can request to host workshops by contacting resilient@cityoftulsa.org. Additional information is available at cityoftulsa.org/ofe.
AI summary