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Having trouble viewing? Click to View as Webpage Sign up for the newsletter WELCOME TO OUR HOUSE D.C. In this issue, our feature story, “Defining Generational Wealth” was written by my colleague Jamila Bey, Digital Content Manager here at The Washington Informer. In the informative piece, Jamila explores not only how general wealth can be defined but also successfully passed on only with proper foresight and planning. “All of our research shows that it will take over 200 years for Blacks to equal the wealth that Whites have today,” says Gary Cunningham, President and CEO of Prosperity Now.  The Our House D.C. Newsletter is an important education and community resource tool for current and future District homeowners and I encourage you to subscribe, share with your family, friends, co-workers, and neighbors and encourage that they also subscribe. Austin R. Cooper, Jr., Managing Editor Defining Generational Wealth Jasmine Tyler, Professor, McCourt School of Public Policy, Georgetown University Photo Credit Georgetown University By Jamilah Bey, Digital Content Manager, The Washington Informer When Howard University alum and actor Chadwick Boseman died after a four-year battle with colon cancer, he didn’t have a will. His wife had to petition the court to be named the administrator of his estate.  Despite Aretha Franklin having specific and predetermined outfit changes during her homegoing ceremony, the Queen of Soul made no similar plans when it came to having a will.  And while it’s evident that most Americans don’t possess the financial assets that these celebrities enjoyed, when it comes to passing down assets, most Black people have not implemented the appropriate strategies to secure and preserve generational wealth.     “It's not even just leaving something behind for our progeny,” explained Jasmine Tyler, professor of the practice at the McCourt School of Public Policy at Georgetown University, where she’s also the executive director of the Policy Innovation Lab.  “Of course, our ancestors could barely dream of survival in most cases, let alone having the actual ability to leave something behind,” she said. “The hope of life itself was basically the inheritance that we were afforded.”  Read The Our House D.C. Newsletter, sponsored by The Washington Informer, is an engagement platform for Black D.C. residents to read about homeownership challenges and solutions and gain insights to project and preserve their homes, particularly in Wards 7 and 8. This newsletter is published in partnership with Sponsored by Subscribe today. Listen To Our House D.C. Podcast Audio Read by Jamila Bey, Digital Content Manager, The Washington Informer The Washington Informer series Our House DC, considers how generational wealth can be defined and how to consider the ways that inheritance, passing down assets, and even having a will in the first place can be harder for Black Americans than others.  Listen In Our Next Edition: In the next edition, we will examine “Home Owner Assistance Programs for Veterans.” A Message From Our Readers: “The feature stories in the Our House D.C. Newsletter are always interesting, informative, and compelling. I look forward to reading and sharing each edition with my family and friends.”  Vanessa Correa, Virginia resident More Stories: April 25, 2022 Ward 7 Mother Continues Search for Home Suitable for Children with Disabilities One Big Happy Family: How to Avoid an Estate Dispute We want to hear from you.. Click to share your thoughts Resources and FAQs Department of Housing and Community Development: Home Purchase Assistance Program (HPAP) https://dhcd.dc.gov/service/home-purchase-assistance-program-hpap Become a subscriber  Join the Our House D.C. Newsletter SUBSCRIBE TODAY How can I save my home or get involved? VISIT OUR HOUSE D.C. TO LEARN MORE Please share this newsletter with friends  ‌  ‌  ‌ Support community journalism  Help The Washington Informer continue reporting that matters! DONATE About Our House D.C. This bimonthly publication addresses issues surrounding the impact of gentrification on Black homeownership in the communities of Wards 7 and 8. This examination by The Washington Informer is part of a collaboration with the Center for Public Integrity (CPI). Founded in 1989, a key focus of CPI is examining inequality in housing, employment, and education.