New Neighbors
InvestSTL was established in 2022 with the goal of being out of operation by 2042. The nonprofit organization invests in St. Louis neighborhoods like the West End and Visitation Park to help build community longevity and combat gentrification.
This first episode of New Neighbors introduces Rooted, an InvestSTL project that grants 50 Black downtown St. Louis residents $20,000 and access to a financial planner to invest in property, a small business or investment accounts.
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Scott Shelton has lived in St. Louis his entire life, and he has firsthand experience with rent hikes and gentrification in the neighborhood where he grew up. He hopes Invest STL’s Rooted program can help keep Black residents in their homes. -
Michael Pagano and Derek Laney are part of Invest STL’s Rooted: Cultivating Black Wealth in Place project in St. Louis, which seeks to empower Black homeowners in the West End and Visitation Park neighborhoods with financial assistance that can combat displacement.