I know the title to this post sounds a lil crazy but its the truth, Black residents of San Francisco are set to get $5 million in reparations if the city’sAfrican American Reparations CommitteeAka the AARAC has its way.
I know it still sounds crazy to you but its true and they have some valid reasons why this has been proposed the only thing is, there is some stipulations to the proposal.
So here’s the break down of what has been proposed by the AARAC provide a one-time, lump sum payment of $5 million to each eligible person. The reason being is because a lump sum payment would compensate the affected population for the decades of harms that they have experienced, and will redress the economic and opportunity losses that Black San Franciscans have endured, collectively, as the result of both intentional decisions and unintended harms perpetuated by city policy.
Like I said before their are some stipulations to the is program in order to qualify for these reparations, residents must be 18 at the time the proposal is enacted, identify as Black/African American on public documents for at least 10 years, and meet (and have documentation supporting) at least two of the following criteria:
Born in San Francisco between 1940 and 1996 and has proof of residency in San Francisco for at least 13 years.
Migrated to San Francisco between 1940 and 1996 and has proof of residency in San Francisco for at least 13 years personally, or the direct descendant of someone, incarcerated by the failed War on Drugs.
Record of attendance in San Francisco public schools during the time of the consent decree to complete desegregation within the school system.
Descendant of someone enslaved through US chattel slavery before 1865.
Displaced, or the direct descendant of someone displaced, from San Francisco byUrban Renewal between 1954 and 1973 listed, or the direct descendant of, a Certificate of Preference holder.
Member of an historically marginalized group that experienced lending discrimination in San Francisco between 1937 and 1968 or, subsequently, experienced lending discrimination in formerly redlined San Francisco communities between 1968 and 2008.
as per https://www.snopes.com/fact-check/san-francisco-5-million-black-reparations/
So as you can see there are some guidelines and caveats to receiving the $5 million dollars but all in all it seems straight forward.
Until next time Wealthbuilderz
Its the man the myth
The Wealthbuilder himself
DeVaughn Put in Work Burke
Signing off for
Black residents getting ready for a $5 million dollar Pay day.