Chicago Sun Times Community Desk Chicago partners with city to launch grant for community-owned properties
June 24, 2025The Wealth Our Way grant program will help support shared-ownership models that allow community members to own and redevelop properties in their neighborhood.
The city of Chicago announced Monday it’s investing millions in a new grant program that aims to build generational wealth and give Chicagoans a chance to revive vacant buildings in their neighborhood.
The program, led by the nonprofit Community Desk Chicago, is open to worker cooperatives and Community Investment Vehicles, which is a fund used to buy neighborhood properties with financial resources pooled from residents.
The city said it’s contributing $3.5 million to the grant, called Wealth Our Way. Community Desk said the program has a total of more than $4.1 million to disperse among grantees.