this post was submitted on 03 Jun 2025
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Tulsa’s first Black mayor announces $105M reparations plan for descendants of 1921 Race Massacre (www.whatimreading.net)
submitted 2 months ago by alyaza@beehaw.org to c/poc@beehaw.org
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Mayor Monroe Nichols said the Greenwood Trust will consist of three components: a $24 million fund aimed at securing housing and homeownership for descendants, a $60 million fund for cultural preservation that will consist of fixing up buildings, revitalization and clearing blight, and a $21 million “legacy” fund for small business grants, scholarships and land acquisition.

Nichols said the goal is to obtain $105 million in assets by June 1 of next year. Over the next 12 months, the trust will be focused on raising private capital, setting up the programs and appointing a Board of Trustees.

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