The Equitable Wilmington Collaborative received a three-year, $4 million investment through JPMorgan Chase’s Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) program. Funds from this investment support the redevelopment of vacant and blighted homes, small business support, and the development of community facilities.
The Collaborative’s three members are Cinnaire, NCALL Loan Fund, and True Access Capital, all Community Development Financial Institutions (CDFIs) with a long track record of lifting up communities underserved by traditional lending institutions. The Collaborative is focused on three neighborhoods in Wilmington – Westside/West Center City, Eastside, and Northeast – and established six core goals and targets.
This report served as a snapshot in time, to take stock of what has been in 2020, in order to prepare for what would be in 2021. By understanding the overall context of Equitable Wilmington Collaborative’s three focus neighborhoods, as well as the early work that the Collaborative has done, this represented a framework for tracking continued progress over time. One of the purposes of this series of white papers is to take these snapshots of Wilmington’s demographic and economic data, with the first year’s report representing a baseline upon which future ones will compare to see where progress is being made.