FOR EVERY $100 OF WEALTH
HELD BY A WHITE FAMILY
A BLACK FAMILY
MISSION STATEMENT: To create & harness joy, for building better futures.
VISION STATEMENT: To become a leader at connecting people from historically excluded communities to life & trajectory enhancing resources, by leveraging joy.
Applesauce Group’s name derives from the concept of the old parental trick of masking the taste of medicine with applesauce. Utilizing an enjoyable catalyst to deliver uneasy essentials is our founding principle. Our flagship event “A Vibe Called Fresh” began in 2017 when a group of friends converted an annual cookout into an outdoor festival that showcased pathways to achieve viable homeownership to an audience largely made up of people from historically disenfranchised communities. The group also showcased local artists, musicians & creatives to produce an invigorating environment while also creating touchpoints of access to tools, organizations, and resources that encourage empowerment.
From that initial event, we conducted a very informal tally of notes and messages, to later learn that 47 people began the process of becoming first-time homeowners after attending A Vibe Called Fresh. A simple converted cookout not only contributed to changing the lives of those individuals but, will also enhance the quality of life for future generations. That initial event was the spark where we realized our approach to countering the residual damages of marginalizing policy was capable of shifting the fabric of Charlotte. Today, our mission is to continue to create platforms where people from historically excluded communities are directed towards empowerment… While we all have the time of our lives!
THE HARD TRUTH
WHITE HOMEOWNERSHIP RATE
BLACK HOMEOWNERSHIP RATE
A radical increase in Black homeownership is needed to see progress in bridging Black and White homeownership and wealth inequality. One of the defining factors of economic well-being for individuals and families is household net worth or wealth, but not all families are equal. Decades of racial injustice and economic inequality have led to persistent disparities in wealth, specifically for people of color. One of the foundational steps in building wealth is homeownership.