Inheritance Fund Insights: Jay Kolls and Mayor Melvin Carter on St. Paul's West Side Flats

Wednesday, 28 August 2024, 19:26

Jay Kolls discusses Mayor Melvin Carter's initiatives for the Inheritance Fund aimed at St. Paul residents affected by past displacements. The fund seeks to provide financial support to the descendants of West Side Flats, aiming to rectify historical injustices. This program potentially opens doors for the community to regain some stability through forgivable loans.

Kstp — Inheritance Fund Insights: Jay Kolls and Mayor Melvin Carter on St. Paul's West Side Flats

Understanding the Inheritance Fund

More than 60 years ago, the city of St. Paul bulldozed homes and displaced about 25,000 people from the West Side Flats neighborhood. Recently, Jay Kolls has brought attention to Mayor Melvin Carter's initiative to create an Inheritance Fund. This fund will provide support aimed at helping descendants affected by that displacement.

Benefits of the Inheritance Fund

Potential beneficiaries of the fund may receive forgivable loans up to a specified amount, which can help with housing stability and community redevelopment. This initiative represents a step towards addressing past mistakes and strengthening the local community.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.