Dearfield Fund for Black Wealth

2024
Fund Highlights

Nurturing Assets

Dearfield’s wraparound support service increased its post-close support to homeowners with a formalized onboarding and welcome process as well as a curated network for community and financial partners that our homeowners can utilize for their home equity and personal wealth needs.

Responding to homeowner feedback, Dearfield designed educational opportunities on succession planning, insurance and personal finance. Dearfield also hosted three homeowner convenings to build community, share stories and connect. These convenings also serve as a feedback loop to further expand and refine programmatic supports.

Expanded Reach

The past 12 months have seen the Dearfield Fund team expand their network and speak with leaders in the local and national housing, equity and impact investing fields. We were proud to speak and participate at the following events, conferences and convenings.

  • 100 Women in Finance Impact Investing Symposium
  • Black Women in Asset Management Annual Conference
  • NCRC-Just Economy
  • Black Wealth Summit
  • ImpactPhl
  • Culture Shift-Miami
  • ASSEMBLE100
  • The BFM Fund x Monarch Mavens Women of Color GP/LP Pitch Session
  • Smithsonian Institutional Allocator Diversity Equity and Inclusion (IADEI)
  • Confluence Philanthropy 14th Annual Practitioners Gathering
  • Denver Juneteenth Music Festival
  • National Association of Real Estate Brokers: Pathway To Homeownership

Community Impact

$7.5 MILLON

deployed as down payment assistance
(as of June 15, 2024)

$56 MILLON

in private lending capital unlocked for the Black community

190+

homes closed in the Denver area

Homeowner Impact

100%

first-time homeowners

54%

of borrowers are women

$37,615

average amount of the down-payment assistance homeowners utilize

$133,000

estimated net worth after 5-7 years of homeownership

THOUGHT LEADERSHIP AND MEDIA

Managing Director Aisha T. Weeks joined top General Partners and Limited Partners who are women of color at a pitch event and connection opportunity curated by the BFM Fund and Monarch Mavens.
Managing Director Aisha T. Weeks spoke at ASSEMBLE100 and shared Dearfield’s vision and impact with 100 of the nation’s top innovators and investors in affordable housing. Aisha is seen here with Tamara Knox, Co-Founder & CEO of Frolic Community; Samir Goel, Co-Founder of Esusu; and John Green, Managing Principal of Blackstar Stability.
Aisha T. Weeks and Gary Community Ventures’ Catherine Toner joined Ivory Innovations on their House Party Podcast to talk about how innovative fund models can increase generational wealth as well as the impact Dearfield has had in Colorado.<br />

Managing Director Aisha T. Weeks and Gary Community Ventures’ Catherine Toner joined Ivory Innovations on their House Party Podcast to talk about how innovative fund models can increase generational wealth as well as the impact Dearfield has had in Colorado.

Client Success Manager Tiffany Roan wrote about the indelible resilience and persistence that Black women have despite their complex history with America.

Client Success Manager Tiffany Roan wrote about the indelible resilience and persistence that Black women have despite their complex history with America. Read her perspective piece,”  Celebrating Rising Homeownership Rates for Black Women in the US,” online. 

T25 Banner

The Dearfield Fund was honored to be named to Collective Action for Just Action’s Transformation 25 list of funds, banks and initiatives that are demonstrating the power of integrated capital strategies to reimagine and recreate a financial system that works for people and the planet. 

Managing Director Aisha T. Weeks joined top General Partners and Limited Partners who are women of color at a pitch event and connection opportunity curated by the BFM Fund and Monarch Mavens.

Managing Director Aisha T. Weeks joined top General Partners and Limited Partners who are women of color at a pitch event and connection opportunity curated by the BFM Fund and Monarch Mavens.

Last year, 60% of Dearfield homeowners were women. Impact Alpha interviewed two of these women and as well as the opportunity to invest in women by investing in homeownership.<br />

Last year, 60% of Dearfield homeowners were women. Impact Alpha interviewed two of these women and as well as the opportunity to invest in women by investing in homeownership. Read the Impact Alpha article. 

OUR PARTNERS

The Dearfield Fund would not be possible without our partners who share in our vision and have invested in Black homeownership and wealth creation.

Thank you!

A TO Z Impact

Align Impact

Anna J. Morris Revocable Trust

Delta Fund

The Denver Foundation

Gates Family Foundation

Gary Community Ventures

Impact Charitable

Inspira Financial Trust, LLC

JPMorgan Chase Foundation

Kachuwa Impact Fund

Kaiser Permanente

Robert Wood Johnson Foundation

World Education Services

We are excited for this fund to be a demonstration case for the possibilities of a model like this applied more broadly. We hope to see other partners pick up the playbook that Dearfield is developing and adapt it for their local community.

A to Z Impact