April 16, 2025

The Power of the Black Dollar: Are We Ready to Buy Back the Block?

Black Americans hold over $1.6 trillion in spending power—but how much of that builds wealth in our own communities?

In Houston, Chris Senegal bought a block in the historic Fifth Ward, redeveloping it with affordable housing for Black residents—fighting gentrification with ownership.

In Atlanta, rapper and activist Killer Mike co-founded Greenwood Bank, a digital banking platform that supports Black and Latinx communities through reinvestment and financial education.

Unity National Bank, led by Laurie Vignaud, remains Texas’s only Black-owned bank. It provides loans and services aimed at helping Black entrepreneurs grow.

These are real moves toward ownership. But they need support. If we truly want to buy back the block, we must turn our dollars into power—intentionally.

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