Many low- and moderate-income neighborhoods, especially those on the South and West sides of Chicago, have been disinvested in by the government and private sector. As a result, these residents do not own or control many of the assets in their neighborhoods (businesses, homes, land, commercial property, etc.). Residents in these neighborhoods are excluded from opportunities to build financial wealth, often shut out of development decisions, and can be at risk of displacement.
W.O.W. is a collaborative initiative developed by Community Desk Chicago (The Desk) to support communities in launching wealth-building models, based on their terms, that advance their quality of life, build wealth and shift power dynamics in their neighborhoods.
Seeded through a $4.11M City of Chicago investment, the W.O.W capital grant program provides both capital grants and technical coaching to commercial shared ownership models that promote ownership and control of businesses and community assets, specifically, Community Investment Vehicles (CIVs) and Worker Cooperatives (Work Co-ops).

Chicago Quilombo acquired a mixed-use building with ten apartments and over 5,000 square feet in commercial space to create a community hub for young adults in South Shore. Wealth Our Way funding will be used to catalyze the development of the building’s commercial units, including program offices and a marketplace for local entrepreneurs. Future phases of the project will include a full-service restaurant, upgrades to the building’s residential units, and community amenities.





HAZ Cooperative Studios acquired a three-story, mixed-use property in Pilsen to establish a permanent, community-owned cultural and creative hub. Wealth Our Way funding will support a series of critical upgrades needed to stabilize and enhance the space, including backyard improvements for outdoor events, sound-resistant windows, exterior door restoration, building signage, and a major basement renovation that will create new production, storage, and operational business space. These improvements—ranging from structural reinforcement to new flooring, pavers, and pergola installation—will prepare the building for long-term sustainability while expanding HAZ’s ability to serve artists, cultural workers, and local residents.











