Wealth Reclamation
The definition of Wealth Reclamation we use is from the Wealth Reclamation Academy of Practitioners:
“Wealth Reclamation — The process of rehabilitating extracted and privately controlled wealth to restore and nurture community health and vitality.”
As a founding goal, TLC brings leaders together to advance our solutions to the ecosystem challenges. Each cohort prioritizes areas of transformation and wealth reclamation has consistently emerged as a key theme.
From these dialogue spaces, the annual Wealth Reclamation Summit took shape and each year it brings together 150+ BIPOC leaders from across the ecosystem, including the TLC Network, who are in the process of reclaiming wealth by buying and/or renovating buildings, acquiring land, and pursuing other innovative projects as a way to both reclaim and build wealth for historically disenfranchised Colorado communities.
During the Summit, participants are:
- Deepening skills and accessing valuable information on successes and lessons learned directly from peers who are leading local and national models of community-owned real estate projects, which in innovative and out-of-the-box ways are helping to develop creative infrastructures for (a) ownership/ management (multi-stakeholder investment co-op, public-private partnership, community land trust, LLC, etc) and (b) financing (crowdfunding, community investors, PRIs, private funding, etc).
- Accessing a powerful peer network and community that offers genuine opportunities to dream collectively and pursue collaboration in capital projects.
- Connecting with entrepreneurs of color who present their products and services through the ShopBIPOC fair, which highlights local talent across diverse industries from the online platform, ShopBIPOC.com – an effort that TLC continues to support as a founding partner.
- Seeking opportunities to connect with businesses and field professionals who deliver values-driven expertise on real estate, construction, architectural design, legal counsel, ownership models, property management, finance, capital campaigns, proforma, crowdfunding, investing and more.
We understand that owning space is a critical strategy for resisting displacement.
Being able to anchor our communities in our herstorical locations and neighborhoods helps to foster cultural continuity. Asset ownership also supports long-term sustainability and autonomy by securing land and restoring local infrastructure.
The Wealth Reclamation Summit fosters an environment where local leaders convene to access and share technical knowledge and wisdom on capital asset acquisition projects, while cultivating new connections and deepening existing relationships. As a result, many TLC graduates have acquired land and buildings and established innovative capital projects and community-led investment and financing options. Leaders are collectively creating pathways for local economic development and reimagining the ways to resource capital projects that are rooted in collaboration and community agency.
Through wealth reclamation efforts, TLC continues to nurture our leaders’ ability to imagine and pursue futures beyond the limits of what our communities have inherited.