Inclusive Wealth Creation: Reimagining Real Estate to Profit Renters, Communities and Investors

A typical renter has 40 times less wealth than a homeowner, according to the 2019 Survey of Consumer Finances. When more than half of Black and Hispanic households are renters, it’s clear that they are disproportionately excluded from housing-based wealth creation. The disparity doesn’t stop there. Entire communities have been shut out from the profits of, or participation in, real estate built in their own back-yards. Unlike “qualified” investors, most low- and moderate-income residents face barriers to investing in community facilities, commercial developments and other real estate projects in their own neighborhoods. Why does the current model enrich the wealthy—and exclude so many? In this session, we will explore inclusive investment models capable of rebalancing the paradigm. Renters can profit from their apartment buildings. Neighbors can profit from developments in their neighborhoods. And investors can earn financial returns by charting a new frontier of wealth creation for generations to come.