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Streaming behemoth Netflix is giving $25 million to a
national effort to combat systemic racism in housing.
Enterprise Community Partners, the non-profit founded by
developer James Wilson Rouse in the 80s to build and finance affordable homes,
announced Netflix has committed the cash to its Equitable Path Forward program.
The five-year, $3.5 billion nationwide initiative aims to
help dismantle the legacy of racism in housing – from the types of homes that
are built, where they’re built, who builds them, and the wealth that is
generated from them.
The initiative establishes an equitable path forward for Black, Indigenous, and People of Color (BIPOC) and other historically marginalized housing providers by: filling the gaping capital gap from decades of systemic racism; strengthening providers through advisory services and other support; and creating new career pathways to diversify leadership in real estate.