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Daylight Sweepstakes Rules

Daylight (“Sweepstakes”) Official Rules

NO PURCHASE NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES.

ODDS OF WINNING WILL DEPEND ON THE TOTAL NUMBER OF ENTRIES RECEIVED FOR THE SWEEPSTAKES PERIOD.

VOID WHERE PROHIBITED BY LAW.

A VERIFICATION OF ELIGIBILITY, LIABILITY RELEASE AND PUBLICITY RELEASE MAY BE REQUIRED.

ONLINE ENTRY ONLY AND INTERNET CONNECTION AND EMAIL ADDRESS REQUIRED.

THIS SWEEPSTAKES AND ASSOCIATED PRIZES ARE SPONSORED BY BE MONEY INC., WHICH OPERATES https://joindaylight.com/  (“Sponsor” or “Daylight”).

THIS SWEEPSTAKES IS IN NO WAY SPONSORED, ENDORSED, ADMINISTERED BY, OR ASSOCIATED WITH UNITED INTERACTIVE’S “RANDOMPICKER” TOOL (found at Randompicker.com) (hereinafter referred to as the “RandomPicker”).

BY ENTERING (OR OTHERWISE PARTICIPATING IN) THE SWEEPSTAKES, ENTRANTS AGREE TO THESE OFFICIAL RULES, WHICH ARE A BINDING CONTRACT: READ THEM CAREFULLY BEFORE ENTERING. WITHOUT LIMITATION, THIS CONTRACT INCLUDES INDEMNITIES TO THE SWEEPSTAKES ENTITIES, AS DEFINED BELOW, FROM YOU AND A LIMITATION OF YOUR RIGHTS AND REMEDIES.

MUST BE 18 YEARS OF AGE OR OLDER TO ENTER (OR THE AGE OF MAJORITY IN YOUR STATE OF CITIZENSHIP, WHICHEVER IS OLDER).

  1. Eligibility. The Sweepstakes is open only to individuals (not groups) who are legal residents and physically located in one (1) of the fifty (50) states in the United States or the District of Columbia and who are at least eighteen (18) years of age (or the age of majority in his or her state of citizenship, whichever is older) as of the date of entry. Employees, representatives, agents, officers and directors of Daylight, any parent companies, and each of their respective affiliates, subsidiaries, advertising and promotion agencies, distributors, sponsors, and other prize suppliers (collectively, the “Sweepstakes Entities”), and each of such employees’, representatives’, agents’, officers’ and/or directors’ immediate family members and/or those living in the same household (whether legally related or not) are not eligible to enter the Sweepstakes or win a prize. For purposes of this Sweepstakes, immediate family members are defined as spouse, partner, parents, legal guardians, in-laws, grandparents, siblings, children and grandchildren, and those living in the same household shall mean people who share the same residence at least three (3) months a year, whether legally related or not. Void where prohibited by law. In addition, you are not eligible to participate or win a prize in this Sweepstakes if you have been involved in the development, production, implementation, and distribution of this Sweepstakes. By participating in the Sweepstakes, each entrant unconditionally accepts and agrees to comply with and abide by these “Official Rules” and the decisions of Daylight, including the interpretation of these Official Rules and its exercise of discretion, which will be final and binding in all respects.
  2. Sweepstakes Period and Entry Periods. The Sweepstakes begins on 10/19/2021 and ends when the winner is chosen on 11/30/2021 23:59pm EST. 
  3. How to Enter. There is one (1) method of entry for this Sweepstakes, as follows:
  1. Primary Method of Entry. To enter the Sweepstakes, during the Sweepstakes Period you must submit a valid email address to join the Daylight waitlist at https://joindaylight.com/
  2. Limit of one (1) entry per email address during the Sweepstakes Period will be accepted during the Sweepstakes. Each entrant may participate in the Sweepstakes one time per email address. Entries generated by a script, computer programs, macro, programmed, robotic or other automated means are void and may be disqualified. Entries that are in excess of the stated limits, inappropriate, not responsive to the questions posed, incomplete, illegible, corrupted, damaged, destroyed, forged, false, lost, late or misdirected, deceptive or otherwise not in compliance with the Official Rules may be disqualified from the Sweepstakes at Daylight’s sole and absolute discretion. All materials submitted become the property of Daylight and will not be returned. In the event of a dispute over the identity of an online entrant, entry will be deemed submitted by the registered account holder of the e-mail address associated with the entry for the domain associated with the submitted address, provided that person is eligible. Winners may be required to show proof of being the registered account holder. Registered account holder is defined as the person assigned to an e-mail address by an Internet access provider, on-line service provider or other organization responsible for assigning e-mail addresses. In the event a dispute regarding the identity of the individual who actually submitted an entry cannot be resolved to Daylight’s satisfaction, the affected entry will be deemed ineligible. Daylight’s designated clock will be the official timekeeper for this Sweepstakes. Illegible and/or incomplete entries and entries submitted by entrants who do not meet the eligibility requirements (including all requirements with respect to age and residence) are void. Those who do not follow all of the instructions, provide the required information in their entry, or abide by these Official Rules or other instructions of Daylight may be disqualified. Daylight may run multiple campaigns, contests, sweepstakes or other promotions simultaneously. Entry into one (1) campaign, contest or sweepstakes does not constitute entry into any other.
  1. Winner Selection and Prize Claiming.
  1. Everyone who joins the Daylight waitlist during the Sweepstakes Period, as described in Section 3 (“Entrants” or “entrant”) will be a potential winner of a prize. Daylight will then use RandomPicker to randomly select a winner from Entrants who have joined the Daylight waitlist. One (1) Entrants’ email address will be chosen at random using the previously stated tool to be potential winners of a $2500 cash deposit. The potential winners will be selected on or after 23:59 p.m. EST on 11/30/2021, until 23:59 p.m. EST on 12/10/2021, in accordance with these Official Rules. Daylight will have complete discretion over interpretation of the Official Rules, of administration of the Sweepstakes, and of selection of the winner. Decisions of Daylight as to the selection of the winner will be final. Daylight will contact the potential winner(s) via the email address used to enter the Sweepstakes (the “notification email”). Notification is deemed to have occurred immediately upon Daylight sending the potential winner(s) a notification email. Individual potential winner(s) must respond to Daylight’s notification within 48 hours of the initial attempt to contact a potential winner and failure to respond in the manner and method requested will result in disqualification. The Sweepstakes Entities are not responsible for failure of a potential winner to contact Daylight after being notified that he or she is a potential winner.
  2. Winner may be required to submit a Verification of Eligibility, Liability Release and Publicity Release (collectively, the “Release”) and return it to Daylight in the manner specified in the notification email and within the time period specified in the notification email before being eligible to receive his or her prize. If any potential prize winner fails or refuses to sign and return such Release, or any other document required or requested by Daylight, within the time period required by Daylight or if the prize or prize notification email is returned as rejected, faulty, unclaimed or returned as undeliverable to such potential prize winner, such potential prize winner may be disqualified and an alternate may be selected. Non-compliance shall result in disqualification and award of the prize to an alternate winner. If any potential prize winner is found to be ineligible, or if he or she has not complied with these Official Rules, or if the potential prize winner cannot attend or participate in any portion of the prize, or declines a prize for any reason prior to award, such potential winner may be disqualified and an alternate potential winner may be selected. If, for any reason, more bona fide winners come forward seeking to claim prizes in excess of the number of each type of prize set forth in these Official Rules, the winners, or remaining winners, as the case may be, of the advertised number of prizes available may be selected in a random drawing from among all persons making purportedly valid claims for such prizes. Inclusion in such drawing shall be each entrant’s sole and exclusive remedy under such circumstances. The Sweepstakes Entities are not responsible for and shall not be liable for late, lost, damaged, intercepted, misdirected, or unsuccessful efforts to notify the potential winner.
  1. Odds. Odds of winning will depend upon the total number of eligible entries received.
  2. Prizes and Values. One (1) winner of this Sweepstakes will be awarded a $2500 cash deposit to their Daylight account. Prizes will be delivered to the winner or winners as soon as reasonably practicable, as determined by Daylight in its sole and absolute discretion. Prizes are non-transferable, with no cash redemptions, equivalents or substitutions except at Daylight’s sole and absolute discretion. All prize details not specified in these Official Rules will be determined in Daylight’s sole and absolute discretion. Prize details and availability are subject to change and prize provider’s rules and restrictions. In the event that Daylight is unable to provide the winner with his or her prize, Daylight may elect to provide the winner with the approximate value of such item in cash or award an alternate prize of comparable or greater value. In the event a participant or prize winner engages in behavior that (as determined by Daylight in its sole and absolute discretion) is obnoxious, inappropriate, or threatening, illegal or that is intended to annoy, abuse, threaten or harass any other person, Daylight reserves the right to cancel the Sweepstakes for that participant or winner, and/or not award any prize to that participant or winner, if applicable. All prizes are awarded “AS IS” and without warranty of any kind, express or implied (including, without limitation, any implied warranty of merchantability or fitness for a particular purpose). Prizewinners will be solely responsible for all federal, state and/or local taxes, and for any other fees or costs associated with the prize they receive, regardless of whether they, in whole or in part, are used. Unclaimed prizes will be forfeited. Daylight is not responsible for and will not replace any lost, mutilated, or stolen prizes or any prize that is undeliverable or does not reach the winner because of an incorrect or changed address. If the winner does not accept or use the entire prize, the unaccepted or unused part of the prize will be forfeited and Daylight will have no further obligation with respect to that prize or portion of the prize. No more than the stated prizes will be awarded. The winner is strictly prohibited from selling, auctioning, trading or otherwise transferring any part of the prize. 
  3. Publicity Release.  Subject to applicable law, entrant irrevocably grants to Daylight, and those acting with its authority, the unrestricted, absolute, perpetual, worldwide right and license to use entrant’s name, address (city and state), photograph, likeness, voice, biographical and personal background information, comments, statements, and Sweepstakes entry including both winner’s written and video submissions, if any, and, without limitation, any notes, photograph, film, or video or audio tape that may be taken of entrant, provided by entrant, or of such materials (the foregoing, collectively, the “Content”), without further compensation, consideration, or notice to entrant or to any third party, and to reproduce, copy, modify, create derivative works of, display, perform, exhibit, distribute, transmit or broadcast, publicly or otherwise, or otherwise use and permit to be used the Content or any part thereof, whether alone or in combination with other materials (including but not limited to text, data, images, photographs, illustrations, and graphics, video or audio segments of any nature), in any media or embodiment now known or hereafter developed (including but not limited to any format of any computer-based, internet-based, electronic, magnetic, digital, laser or optical-based media), in connection with any advertising, promotion, publicity, trade, Sweepstakes or promotions, activities, or materials (now known or hereafter developed) in perpetuity. Entrant acknowledges and agrees that he or she shall have no right of approval, no claim to any compensation, and no claim arising out of the use, alteration, or distortion of my name, address, photograph or likeness. Entrants agree not to issue any publicity concerning the Sweepstakes Entities.
  4. Tampering with Sweepstakes.  The Sweepstakes Entities are not responsible for the actions of entrants in connection with the Sweepstakes, including entrants’ attempts to circumvent the Official Rules or otherwise interfere with the administration, security, fairness, integrity, or proper conduct of the Sweepstakes. Persons found tampering with or abusing any aspect of this Sweepstakes, or whom Daylight believes to be causing malfunction, error, disruption, or damage may be disqualified. Additionally, any attempt to cheat the Sweepstakes, as determined at the sole and absolute discretion of Daylight, may result in immediate disqualification of the entrant, as well as other possible consequences, including disqualification from any and all existing and future sweepstakes hosted or sponsored by Daylight. ANY ATTEMPT BY A PERSON TO DAMAGE ANY WEBSITE OR UNDERMINE THE LEGITIMATE OPERATION OF THIS SWEEPSTAKES MAY BE A VIOLATION OF CRIMINAL AND CIVIL LAWS AND SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK ALL LEGAL AND EQUITABLE REMEDIES FROM AND AGAINST ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW. Daylight reserves the right, at its sole and absolute discretion, to disqualify (or terminate the prize of) any individual who is found to be, or suspected of, acting in violation of these Official Rules, or to be acting in an unsportsmanlike, obscene, immoral or disruptive manner, or with the intent to annoy, abuse, threaten or harass any other person.
  5. Suspension / Modification / Termination. In the event Daylight is prevented from continuing with the Sweepstakes by any event beyond its control, including, but not limited to, fire, flood, epidemic, earthquake, explosion, labor dispute or strike, act of God or public enemy, communications or equipment failure, utility or service interruptions, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared), interference with the Sweepstakes by any party, or any federal, state or local government law, order, or regulation, order of any court or jurisdiction, or other cause not reasonably within Daylight’s control (each a “Force Majeure” event or occurrence), Daylight shall have the right to modify, suspend or terminate the Sweepstakes or prize.  Daylight additionally reserves the right, in its sole and absolute discretion: (a) to modify, suspend or terminate the Sweepstakes should causes beyond Daylight’s control corrupt or interfere with the administration, integrity, operation, security or proper play of then Sweepstakes; or (b) to disqualify any entrant found to be, or suspected of: (i) tampering with the entry process or the operation of the Sweepstakes; (ii) acting in violation of these Official Rules; or (iii) acting in an un-sportsmanlike manner.
  6. Waivers, Disclaimers and Releases. By participating in the Sweepstakes, you agree to release, discharge and hold harmless the Sweepstakes Entities, and each of their respective affiliates, directors, officers, employees, agents, successors and assigns (“Released Parties”) from and against any and all claims, liability, costs, losses, damages or injuries of any kind arising out of or related to your participation in the Sweepstakes and/or related to any prize (including, without limitation, losses, damages or injuries to your or any other person’s equipment or other property, or to their persons, related to participation in the Sweepstakes; or arising out of any violation of rights of publicity or privacy, or claims of defamation or portrayal in a false light; or based on any claim of infringement of intellectual property; or from any typographical, human or other error in the printing, offering, selection, operation or announcement of any Sweepstakes activity and/or prize). Without limiting the generality of the foregoing, you agree that the Released Parties: (a) have neither made nor will be in any manner responsible or liable for any warranty, representation or guarantee, express or implied, in fact or in law, in connection with the Sweepstakes and/or with respect to prizes, including, without limitation, to any prize’s quality or fitness for a particular purpose; (b) maintain no control over the personnel, equipment or operation of any air, water or surface carrier, ship line, bus or limousine company, transportation company, hotel, manufacturer or other person or entity furnishing services, products or accommodations (“Suppliers”) as a part of the prizes provided in connection with the Sweepstakes; and (c) will not be responsible or liable for any injury, damage, loss, expense, accident, delay, inconvenience or other irregularity that may be caused or contributed to: (i) by the wrongful, negligent or unauthorized act or omission on the part of the Suppliers or any of their agents, servants, employees or independent contractors, (ii) by any defect in or failure of any vehicle, equipment, instrumentality, service or product that is owned, operated, furnished or otherwise used by any of those Suppliers, (iii) by the wrongful, negligent or unauthorized act or omission on the part of any other person or entity not an employee of the Released Parties, and (iv) by any cause, condition or event whatsoever beyond the control of the Released Parties. You agree that the Released Parties shall have no responsibility or liability for discontinued prizes; human error; incorrect or inaccurate transcription of registration and/or account information; any technical malfunctions of a prize or of the telephone network, computer online system, computer dating mechanism, computer equipment, software, or Internet service provider utilized by Daylight; interruption or inability to access the Internet, or Daylight’s website, or affiliated entities’ respective websites, or any online service via the Internet due to hardware or software compatibility problems; any damage to participant’s (or any third person’s) computer and/or its contents related to or resulting from any part of the Sweepstakes; any lost/delayed data transmissions, omissions, interruptions, viruses, bugs, defects; and/or any other errors or malfunctions, even if caused by the negligence of the Released Parties. You further agrees to indemnify and hold harmless the Released Parties from and against any and all liability resulting or arising from the Sweepstakes and to release all rights to bring any claim, action or proceeding against the Released Parties and hereby acknowledges that the Released Parties have neither made nor are in any manner responsible or liable for any warranty, representation or guarantee, express or implied, in fact or in law, relative to a prize, including express warranties provided exclusively by Suppliers that may be sent along with a prize; this release covers, without limitation, any damage, liability, costs, attorneys’ fees and expenses whatsoever arising directly or indirectly out of the Sweepstakes or my acceptance, use, misuse, utilization, omission or possession of any prize that may be awarded to me in the Sweepstakes, and also includes, without limitation, claims based on personal injury, death, loss of enjoyment, property damage, any claims based on publicity rights, privacy rights, personality rights, “Moral rights,” defamation and any and all taxes levied, assessed or collected or other harm or loss of any nature. The Released Parties are not responsible for the actions of entrants in connection with the Sweepstakes, including entrants’ attempts to circumvent the Official Rules or otherwise interfere with the administration, security, fairness, integrity, or proper conduct of the Sweepstakes. The Released Parties are not responsible for any changes or unavailability of any platform (including, without limitation any email provider) that may interfere with the Sweepstakes (including any limitations, any restrictions, or any conditions on Daylight’s ability to use said platform for the Sweepstakes as set forth herein) or your ability to timely enter, receive notices or communicate with Daylight via said platform, in which case Daylight, in its sole discretion, may terminate or modify the Sweepstakes. You further understand and agree that all rights under Section 1542 of the Civil Code of California (“Section 1542”) and any similar law of any state or territory of the United States that may be applicable with respect to the foregoing release are hereby expressly and forever waived. You acknowledge that Section 1542 provides that: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” The releases hereunder are intended to apply to all claims not known or suspected to exist with the intent of waiving the effect of laws requiring the intent to release future unknown claims.
  7. Entry Information and Sweepstakes Communications. As a condition of entering the Sweepstakes, each entrant gives consent for Daylight to obtain and deliver his or her name, address and other information to third parties and post it on Facebook.com and www.https://joindaylight.com/, for the purpose fulfilling entrant’s wish to receive the benefits of entering the Sweepstakes, for of advertising and administering the Sweepstakes and to comply with applicable laws, regulations and rules. Any information entrant provides to Daylight may be used to communicate with entrant in relation to this Sweepstakes or to be included in a Sweepstakes winner’s list. We may also use information provided to Daylight to communicate other special offers and promotions that may become available, according to our privacy policy. 
  8. Governing Law; Limitation of Liability. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules or the rights and obligations of entrants, Daylight, or the Released Parties in connection with the Sweepstakes will be governed by and construed in accordance with the internal laws of the laws of the state of New York, without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of any other state’s laws. All claims and disputes arising under or relating to this Agreement are to be settled by the Courts of New York.

BY ENTERING THE SWEEPSTAKES, ENTRANT AGREES THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW: (A) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION ARISING OUT OF OR CONNECTED WITH THE SWEEPSTAKES, OR ANY PRIZE AWARDED, WILL BE RESOLVED INDIVIDUALLY, WITHOUT RESORT TO ANY FORM OF CLASS ACTION; (B) ANY AND ALL CLAIMS, JUDGMENTS AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED (IF ANY) NOT TO EXCEED TEN DOLLARS ($10.00), BUT IN NO EVENT WILL ATTORNEYS’ FEES BE AWARDED OR RECOVERABLE; (C) UNDER NO CIRCUMSTANCES  WILL ANY ENTRANT BE PERMITTED TO OBTAIN ANY AWARD FOR, AND ENTRANT HEREBY KNOWINGLY AND EXPRESSLY WAIVES ALL RIGHTS TO SEEK, PUNITIVE, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, LOST PROFITS AND/OR ANY OTHER DAMAGES, OTHER THAN ACTUAL OUT OF POCKET EXPENSES NOT TO EXCEED TEN DOLLARS ($10.00), AND/OR ANY RIGHTS TO HAVE DAMAGES MULTIPLIED OR OTHERWISE INCREASED; AND (D) ENTRANTS’ REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES (IF ANY) AND ENTRANT IRREVOCABLY WAIVES ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY, SO THE ABOVE MAY NOT APPLY TO YOU.

  1. List of Sweepstakes Winners/Official Rules Requests.  To receive a list of the winner(s), send an email to support@joindaylight.com within sixty (60) days of expiration of the Sweepstakes Period.  Please indicate which Sweepstakes winners list you are requesting by referencing the name of the Sweepstakes and the expiration of Sweepstakes Period in your request. 
  2. Miscellaneous. The invalidity or unenforceability of any provision of these Official Rules or the Affidavit will not affect the validity or enforceability of any other provision. In the event that any provision of the Official Rules or the Affidavit is determined to be invalid or otherwise unenforceable or illegal, the other provisions will remain in effect and will be construed in accordance with their terms as if the invalid or illegal provision were not contained herein. Daylight’s failure to enforce any term of these Official Rules will not constitute a waiver of that provision. Entrants agree to waive any rights to claim ambiguity of these Official Rules. Headings are solely for convenience of reference and will not be deemed to affect in any manner the meaning or intent of the documents or any provision hereof. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in any Sweepstakes-related materials, Daylight Privacy Policy or Terms of Use on and/or the terms and conditions of the Official Rules, the Official Rules shall prevail, govern and control and the discrepancy will be resolved in Daylight’s sole and absolute discretion.

 

Categories
Daylight News The Issues

Homeownership, White Supremacy and the LGBTQ Community

One of the most common ways to build wealth in the United States is through homeownership. 

Unfortunately, communities of color, and Black families in particular, have been systemically prevented from buying homes in cities around the country. For decades, practices like redlining, racial steering, and racially restrictive covenants gave institutions and social networks the legal basis to discriminate against groups of potential homebuyers.

HOLC and Redlining

In response to the Great Depression, Franklin D. Roosevelt signed into law the New Deal. 

Through this package of legislation, the Home Owners Loan Corporation (HOLC) was launched to help homeowners who’d defaulted on their mortgages. This is the era that brought the 30-year mortgage and low fixed interest rates that are still common today. 

In its first two years, borrowers received more than $3 billion in loans from HOLC. By 1937, HOLC owned more than 200,000 homes.

While these policies helped many Americans keep their homes, embedded racism has had lasting effects on BIPOC communities. 

Because borrowers were people who’d already defaulted on loans once, HOLC needed a way to ensure their reliability. In 1935, it launched the “City Survey Program.”. 

In collaboration with the federal government, lenders and real estate agents evaluated neighborhoods and documented their findings into color-coded maps based on perceived creditworthiness. In a dissertation, historian Andrew R. Highsmith explains:

  • Green neighborhoods were the best and mostly housed business people.
  • Blue neighborhoods were seen as good and primarily housed white-collar workers.
  • Yellow neighborhoods were seen as declining, usually due to a shifting of the makeup of the population.
  • Red neighborhoods had what the program called “detrimental influences.” This referred to housing conditions, proximity to environmental hazards and “infiltrations of lower grade population or different racial groups.” This is what we refer to as “redlining” today.

Each neighborhood got an area description that included common professions, conditions of the neighborhood, racial and ethnic makeup, and trends of “infiltration” or ways the area was “shifting” in terms of population makeup. 

Phrases like “racial hazards” and “subversive racial and social elements” were often used to describe communities of color. Even though redlining started in the 1930s, its effects are still pervasive today. The gap between white and Black homeownership is bigger now than it was when race-based discrimination against homebuyers was legal, according to the Urban Institute.

Federal Housing Administration

One year after HOLC launched, the Federal Housing Administration (FHA) was created. 

Through private lenders, the FHA helped make affordable, long-term mortgage loans available for home construction and sale. If a borrower defaulted on their loan, the FHA would pay the bank, relieving the lender of any loan risks. Between 1934 and 1962, the  FHA and the later-formed Veterans Administration backed more than $120 billion worth of loans.

This was a great way for people to get into homes — but it didn’t work for everyone. 

The FHA included “racial provisions” in its underwriting manual to “protect” neighborhoods from the “infiltration” of business and industrial uses, lower-class occupancy and “inharmonious racial groups.”For almost 30 years, 98% of FHA loans were handed to white borrowers. 

Blockbusting and white flight

Alongside the lack of access to home loans through the government, BIPOC homebuyers were discriminated against in the private sector.

In a practice called blockbusting, real estate agents convinced white homeowners to sell their homes for well below their value, warning that Black families were moving into the neighborhood. They’d turn around and sell those properties to Black families for a higher price.

Often all an agent or property developer needed to do to instill fear in white homeowners was hire a Black woman to push a stroller around the neighborhood — the mere idea that Black families were living in the neighborhood pushed white homeowners to sell at decreased property values.

The practice, along with laws and Supreme Court rulings that outlawed racial segregation in housing, provoked an era of “white flight” in the mid-20th century. White families moved in droves from the cities into almost all white suburbs, creating the de facto segregation we still experience today. 

Racial steering and racially restrictive covenants

Another tactic that furthered this divide was racial steering. Real estate agents guided prospective homebuyers toward or away from neighborhoods based on their race. 

This kept neighborhoods — and accompanying resources — segregated. 

Before legal segregation practices were dismantled, many homes in white neighborhoods  included racially restrictive covenants in their deeds. These clauses prevented homeowners from selling homes to Black buyers.

After the riots following the assassination of Martin Luther King, Jr., the Congress passed the FAIR Housing Act of 1968 and outlawed racial discrimination in housing. But studies show steering still happens today, based on ostensibly legally protected classes of people, including race, skin color, gender and disability.

A 2017 study by the Urban Institute found that agents showed fewer available rental units to trans people and men in same-sex relationships than to straight men and cis people. (Women in same-sex relationships were treated the same as straight women.

Impact on the LGBTQ community

To this day, only 22 states and Washington, D.C., explicitly prohibit housing discrimination based on sexual orientation and gender identity, 21 states and D.C. prohibit discrimination in public accommodations, and 15 states protect against credit discrimination. 

While those who fight for LGBTQ rights are hopeful that the Supreme Court’s June 2020 decision in Bostock v. Clayton County sets the precedent to ban legal discrimination in housing as it did in employment, we can see from history that simply making discrimination illegal isn’t enough to stop it entirely — or turn around its detrimental economic effects.

As Audre Lorde once said, “There is no such thing as a single-issue struggle because we do not live single-issue lives.” It’s important that we all understand the systems that affect the queer/trans BIPOC community and how these systems impact the ability to build wealth over generations.

We must work together to ensure our collective freedom, which starts with understanding how we got to the place we’re in now.

Get early access to Daylight.  Join the waitlist today.

Categories
Daylight News

What Does LGBTQ Stand For? Gender Diversity 101

Gender diversity has existed since the beginning of time. Prior to colonization, gender expansive people in North America were highly regarded in their communities and were often mediators, healers, frontline warriors, peacemakers and teachers. 

Outside of North America, divergence from the gender binary has been celebrated in many cultures. PBS even made this map of historical gender diversity across the world!

With increased visibility and more conversations about homo-bi-trans-phobia, record numbers of people are coming out as LGBTQ every year. A Gallup poll in 2021 estimates 15.9% of Gen Z — and 5.6% of all U.S. adults — identify as LGBTQ. 

LGBTQ terms to know

Learn these terms and how they interact with each other if you want a deeper understanding of gender diversity. 

LGBTQ is an acronym that’s been developing since the early 20th century to encompass diverse gender identities and sexual orientations. Variations of the acronym have developed since the 1990s to be more inclusive, including LGBTQ+, LGBTQIA, LGBTQIA2S and LGBTQIA2+. The letters in the acronyms stand for lesbian, gay, bisexual, transgender, queer/questioning, intersex, asexual and Two Spirit; “plus” attempts to encompass the diverse array of gender and sexual identities not explicitly named.

Queer is used by some folks within the LGBTQ community as an umbrella adjective to describe anyone who identifies with a gender or sexual orientation other than cishet (cisgender and heterosexual, often referred to as “straight”). The term’s meaning is highly individual. It’s often used interchangeably with LGBTQ to refer to the community as a whole; only use it to describe an individual if that person self-identifies as queer.

Sex assigned at birth refers to the sex a doctor assigns to a child before or shortly after birth based on looking at the child’s genitals. Assigned sex may be male, female or intersex.

Gender identity is someone’s internal sense and knowledge of who they are in reference to gender. Common gender identities are man, woman and nonbinary.

Nonbinary is an umbrella term for identities that aren’t exclusively male or female. Identities like agender, genderqueer, genderfluid, demigirl and demiboy often fall under the nonbinary umbrella.

Two-Spirit is a contemporary umbrella term that unifies gender expansive identities in Indigenous communities on Turtle Island (North America). Other Indigineous nations use unique terms for gender-expansive identities. 

Gender expression is the outward presentation of gender. This can be shown through things like clothing, hairstyles and mannerisms.

Sexual orientation is the label a person uses to describe their romantic and sexual attractions. Common orientations are straight, gay, lesbian, bisexual, pansexual and asexual. Sexual orientation isn’t contingent on gender identity, or vice versa; both cis and trans people may identify with all sexual orientations.

Straight (or heterosexual) refers to a romantic and sexual attraction to people who identify with a different gender than your own. The term most often refers to romantic attraction between men and women.

Gay and lesbian (or homosexual) are gendered terms that refer to romantic and sexual attraction to people who identify with the same gender as your own. “Gay” is sometimes used as an umbrella term by folks who identify with any non-straight identities.

Bisexual (or bi) refers to romantic and sexual attraction that isn’t exclusive to any one gender but may include all or mutiple genders.

Pansexual (or pan) refers to romantic and sexual attraction to people of more than one gender or regardless of gender. “Pansexual” and “bisexual” are sometimes used interchangeably; what these labels mean to those who identify with them is highly personal.

Asexual (or ace) is an adjective that describes a person who experiences limited or no sexual attraction. People who identify as asexual may experience romantic, aesthetic, sensual, platonic or emotional attraction to people of a single or multiple genders. To describe this attraction, they might use terms like heteromantic, biromantic or panromantic.

Transgender (or trans) is an adjective referring to someone whose gender identity is different from their sex assigned at birth.. The Latin root “trans” refers to movement or change.

Cisgender (or cis) is an adjective referring to someone whose gender identity is the same as their sex assigned at birth. The Latin root “cis” means static or on the same side. 

Gender expansive is an umbrella term that includes folks who don’t fit into society’s expectations of their assigned sex at birth. It can include trans, nonbinary and gender-nonconforming individuals.

Transitioning is the process of changing characteristics to align with gender identity. There is no roadmap to transitioning, because everyone’s relationship with gender is different. For some, passing (a term that refers to being assumed to be cisgender) is the goal. For others, it’s not. Each person has the autonomy to do what they want with their body and decide what being trans means for them.

A transition might be social, medical or legal, or any or all three. 

Social transitioning refers to changing gender expression to better match gender identity. It can involve using a new name and/or pronouns, getting a new wardrobe, and using gender affirming binders and shapewear. 

Medical transitioning refers to transitioning through medical interventions, including hormone replacement therapy (HRT) and gender affirmation surgeries. 

Legal transitioning refers to getting name and gender marker changes on legal documents like IDs, passports and birth certificates. 

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Daylight News The Issues

How to Choose the Best Transgender Health Insurance

Health insurance can be difficult to navigate for anyone. For trans folks, there are a few extra things to look for when selecting a plan.

What are your transition goals?

Before getting started, map out any medical transition plan you have. What does gender-affirming care look like for you? Hormone therapy? Electrolysis? Gender affirmation surgeries? 

The World Professional Association for Transgender Health  defines gender-affirming care as medically necessary, but transition coverage in the United States still varies among insurance companies and from state to state. As of July 2021, only 24 states and Washington, D.C. explicitly prohibit trans exclusions in health insurance coverage. 

If your state doesn’t prohibit trans exclusions, you may have to do extra research to find a plan that covers the types of health care that will bee part of your medical transition journey.  

Even in states with broader trans protections, be aware of significant policy differences among facilities. 

Some medical facilities let you start hormone replacement therapy (HRT) with informed consent. Others require a letter from a therapist. Some require HRT before gender affirmation surgery, while others let you choose which types of  medical transition make the most sense for you. 

Knowing what you want for yourself is the most important step to ensuring you’ll find the coverage and care you need.  

How to choose a health insurance policy

In most states, you can only update your insurance policy or move to a new provider during an open enrollment period or within 60 days of a qualifying life event, like leaving a job, moving or a change in your family that affects your coverage.

For most states, open enrollment is from Nov. 1 through Dec. 15. During this time you can make any changes to your existing health insurance policy. This is a great time to see which policies cover the gender-affirming care you’re looking for.

A summary of benefits and coverage (SBC) is a snapshot of costs and benefits for a health insurance plan. Most insurers make these available online, and you can compare plans side by side through the government’s health insurance marketplace at Healthcare.gov

When choosing a plan, use the SBC to compare deductibles, out-of-pocket limits, behavioral health coverage and drug coverage. 

Here are the key points about each policy you’ll need to know:

  • A premium is the amount you pay, usually monthly, for your health insurance plan. Premium cost information will be provided separately from the SBC. If you’re on an employer-sponsored plan, your employer might pay for some or all of your premiums. If you’re eligible for tax credits through the Affordable Care Act, you’ll get a break on the cost of your premiums.
  • A deductible is the amount you pay for care each year before your insurance provider covers medical costs. Primary care and preventative services usually don’t count toward your deductible, so those would be covered regardless of how much you spend on medical care in a year. The deductible amount has a huge impact on the cost of your premium — the higher the deductible, the lower your premium. If you expect to have high medical costs in a given year, look for a low-deductible plan. If you expect to need only preventative or low-cost care, a high-deductible plan is usually fine.
  • The out-of-pocket maximum/limit is the most you will pay for health care in a year. If you expect high medical costs in a given year, look for a low out-of-pocket maximum. Adjusting the out-of-pocket could also help you land on a premium that fits your budget. 
  • A copay is a flat fee you pay when you receive care. These usually apply to routine care, but some plans use copays for more complicated care, as well.. A copay lets you get routine care at a low cost, even if you haven’t met your deductible for the year yet. If you expect to only need routine care, a high-deductible plan with affordable copays could be the most cost-effective for you. If you expect to need more complex care in a given year, check how copays effect the cost of the services you’re looking for.
  • Coinsurance is a shared cost between you and your insurance provider for health care. This is shown as a percentage you pay. Plans usually include some services that aren’t covered 100%, so you’ll see the percentage of cost you’ll be responsible for. Coinsurance usually applies before and after you’ve met your deductible.

Check out Healthcare.gov’s glossary for other health insurance terms and definitions.

Choosing a plan

Most insurance plans will have either a high deductible and low premium, or, a high premium and low deductible. Deductibles reset every year, with most plans resetting on Jan. 1. If possible, schedule high-cost services, like gender-affirmation surgeries, with your deductible timeline in mind.

As you go through an SBC, look for out-patient surgery costs, behavioral health costs (such as therapy), and medication costs. There is no “right” or “wrong” plan, just plans that may better suit your needs.

Health insurance coverage examples

Health insurance terms can be confusing, so here are three examples of how they work together:

Eliot has recently had a medical emergency that cost a total of $10,500

Their insurance plan has a $200 premium, a $500 deductible, 30% coinsurance and a $2,500 out-of-pocket maximum.

Every month, Eliot pays $200 for their health plan. 

For this medical emergency, Eliot will have to pay a $500 deductible before their insurance will cover any costs. The remaining $10,000 gets divided by the coinsurance, with Eliot being responsible for 30% of the cost, $3,000, and their insurance covering 70%,$7,000. 

BUT, because Eliot’s out-of-pocket maximum is $2,500 and they’ve already paid the $500 deductible, they only need to pay $2,000 of their portion of coinsurance. Of the total $10,500 bill, Eliot will pay $2,500 and their insurance will cover $8,000.

Rose has also had a medical emergency that cost a total of $10,500

Her insurance plan has a $120 premium, a $2,000 deductible, 20% coinsurance and a $5,000 out-of-pocket maximum.

Rose pays $120 monthly for her health insurance. 

For this bill, Rose will have to pay a $2,000 deductible before her insurance will cover any costs. The remaining $8,500 gets divided by the coinsurance, with Rose being responsible for 20% of the cost, $1,700, and her insurance covering 80%, $6,800. 

Because Rose’s out-of-pocket maximum is $5,000 and she hasn’t reached that, Rose must pay the full coinsurance cost. Of the total $10,500 bill, Rose will pay $3,700, and their insurance will cover $6,800.

Casper has a $10,500 medical emergency after $2,500 in other medical costs

His insurance plan has a $100 premium, a $3,000 deductible, 40% coinsurance, and a $5,000 out-of-pocket maximum.

Casper pays $100 monthly for his health insurance. 

Prior to this emergency, Casper had already spent $2,500 on other medical costs this year. For this bill, Casper will pay $500 to reach his deductible for the year. The remaining $10,000 gets divided by the coinsurance, with Casper responsible for 40%, $4,000, and his insurance covering 60%, $6,000. 

BUT, because Casper’s out-of-pocket maximum is $5,000 and he’s already spent $3,000, he is only responsible for $2,000 of his portion of the coinsurance. For this bill, Casper will pay $2,500, and his insurance will cover $8,000.

Reaching out for support

You’re not alone in this process. Because of the pandemic, many transgender support groups have shifted to virtual settings. Lean on our community for support — we’re pretty cool people who have been where you are.

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Daylight News

Financial Trauma Is Real — and Worse for LGBTQ Folks. How to Cope w/Its Effects.

For decades, conversations around the impact of trauma were focused on military veterans. As the field of psychology has grown, so has our understanding of trauma. 

So many factors contribute to the way our brains process stress and trauma. While it’s still a relatively new field of research, studies show a large portion of people living in the U.S. exhibit finance-related PTSD symptoms. 

A study conducted by Dr. Galen Buckwalker, Chief Science Officer at Payoff a debt-payoff product of the financial services company Happy Money, showed that 23% of U.S. adults overall and 36% of millennials experience what he’s dubbed “acute financial stress” (AFS). 

Buckwalker defines AFS as “the physical, emotional, and cognitive deficits people experience when they cannot cope with either abrupt financial loss or the chronic stress of having inadequate financial resources,” symptoms associated with PTSD. 

As disheartening as these statistics are, they aren’t surprising. With the growing student loan crisis, income inequality, racial and gender wealth gaps, the housing crisis, and the growing population of unhoused individuals, it makes sense that so many of us experience financial trauma. 

On an individual level, things that can lead to financial trauma include:

  • Housing insecurity.
  • Job loss.
  • Being underpaid.
  • Divorce.
  • Student debt.
  • Food insecurity.
  • High health care costs.
  • Discrimination.

While these statistics are in reference to the general population, we know the LGBTQ community likely faces higher rates of financial trauma due to the financial burdens of being queer and the discrimination we face.

Symptoms of financial trauma

In response to a real or perceived threat, our bodies react with fight, flight, freeze or fawn responses. 

In financial trauma, this could include rumination, avoidance and seeking instant gratification through things like overspending, overeating or excessive use of substances. 

Trauma also has physical and cognitive symptoms, including:

  • Neck, shoulder and back pain.
  • Stomach and digestion issues.
  • Insomnia.
  • Exhaustion.
  • Difficulty regulating emotions.
  • Issues with memory and concentration.

Unhealthy coping mechanisms, like seeking instant gratification, can make our financial situation worse. Breaking cycles is hard, but not impossible. 

How to deal with financial trauma

Learning that you’re experiencing the effects of trauma can feel overwhelming, especially if you respond to trauma and stress with avoidance. 

Start by acknowledging how your relationship with money and the economic injustices you experience have impacted both your wellbeing and your financial situation. 

Address the problems that financial stress causes 

If you have access to a therapist, reach out to learn how to deal with chronic stress or PTSD. 

If a licensed professional isn’t an option, try Cognitive Behavioral Therapy (CBT) exercises to help cope with strong emotions as they arise. Studies show that CBT can literally rewire the way our brains respond to stress.

The American Psychological Association offers an overview of CBT for patients and families.

Develop a new relationship with money

In this country, many of us, especially queer people, are not set up for success. 

If you experience feelings of shame as you reflect on your financial situation, remember to put the blame where it belongs and focus only on what you can control. 

Our society strongly emphasizes making good choices without acknowledging that not everyone is given good options to choose from. Lack of financial education combined with generations of discrimination put us at a clear disadvantage financially.

You don’t know what you don’t know. Trauma is not your fault, and healing is possible. Be gentle with yourself as you embark on this journey. You deserve a stress-free financial life.

Gain tools to put autonomy back in your hands

Feeling a lack of control can be a major contributor to the trauma you experience. 

Think of money management as a way to take back control of this part of your life. Spend time figuring out your financial goals, and find tools to help you work toward them. 

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Daylight News

Are You Holding Yourself Back? How to Shift Your Money Mindset

Like it or not, the way our primary caregivers talked to us about and interacted with money follows us into adulthood. Our own experiences, including financial trauma, also influence our ability to build wealth. 

Chloe B. Mckenzie, the founder of BlackFem, breaks down two influences that determine our ability to create wealth: 

  • Economic influences are what we typically think of when we think about financial literacy. It’s the ability to budget, know where to invest, and all the other practical and tangible ways we interact with money. 
  • Extra-economic influences are factors like feelings, emotions and our interactions with social institutions. These make up the mindset we hold about money.

So, how do we ensure a money mindset that supports wealth building?

Start with awareness

You can’t change what you don’t know. Spend some time reflecting and journaling about your money mindset, your past financial decisions and habits, and where you are in your financial journey today. 

Reflect on these areas…

Your current mindset

  • Which thoughts about money come from your primary caregivers? 
  • Did your parents openly talk about money? 
  • In your family, what was said about people with money?
  • How have your identities influenced your experiences with money? 
  • How has your queerness influenced your financial situation
  • What’s being said about your generation’s view of money? 
  • In what ways have you experienced economic injustice? 
  • Have you experienced financial trauma?
  • How do you feel when you talk about money? 
  • How do you feel when other people talk about money?

Decisions and habits around money

  • What are some good and bad financial decisions you’ve made? 
  • What are some good and bad money habits you have? 
  • Where did these decisions and habits come from?
  • Are there decisions you’ve had to make for survival? 
  • Do you have any habits that served you while you were in survival mode that no longer serve you? 

Gratitude and forgiveness

  • You’ve done what you had to do to get this far. What goals have you met on your way here? 
  • Are you holding any feelings of shame after this reflection? Forgive yourself. 
  • Acknowledge mistakes you’ve made, but also recognize you’re operating in a system that wasn’t designed to support you.
  • Congratulate yourself for taking this first step in the right direction.

Changing mindsets

Changing a mindset you’ve held for decades is difficult. Be open and willing to see things differently. 

1. Unlearn limiting beliefs

Money isn’t the most important thing in life, but having enough or more than enough of it does give you more options throughout your life.

As queer people, we’re often undervalued and underpaid. It’s easy to internalize the value society has placed on us, even when it’s unfair and inaccurate.

Your time and skills are valuable, and people and companies will try to exploit them. You deserve a stress-free financial life, and dropping the belief that you’re only as valuable as others tell you you are is the first step toward that.

2. Develop new habits

Money management can feel overwhelming or boring if you’re used to avoiding it. But shifting your mindset can change your relationship with managing money and help you incorporate it into your life.

Look at budgeting and money management as tools for autonomy. They let you spend intentionally by telling your money where to go — and avoid spending on things you don’t actually want. 

This isn’t an easy change to make, so be patient with yourself during your journey and celebrate your small wins!

3. Reframe mistakes and practice gratitude

If you fall back into a money habit you’re trying to shed, it’s OK. Give yourself compassion and understanding, and reframe your mistakes as learning opportunities. 

Ruminating doesn’t serve anyone, and you can’t learn from a place of shame. Building wealth is a slow process, so be patient and remember: you’re on your team!

4. Give money away

It may seem counterintuitive, but a great way to help shift your money mindset is to donate money. 

Donating money is proven to bring psychological benefits like joy. It also reinforces intentional spending, helps shift your mindset from scarcity to abundance, and, depending on where you donate, it can be tax-deductible!

 

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Daylight News The Issues

Money & the Queer Community: LGBTQ Financial Statistics

Life costs more when you’re queer. 

Discrimination and stigma affects us in all areas of life and makes it harder for us to participate in the wealth-building activities many others take for granted.

Exclusion from Legal Protections

Only 22 states and Washington, D.C. explicitly prohibit housing discrimination based on sexual orientation and gender identity.

21 states and D.C. prohibit LGBTQ discrimination in public accommodations.

15 states protect against credit discrimination on the basis of sexual orientation and gender identity.

LGBTQ Discrimination in Education

LGBTQ students who experience discrimination and victimization in school are three times more likely than other students to miss school, twice as likely to be disciplined at school and twice as likely to forgo post-secondary education.

17% of trans people (22% of trans women and 15% of trans men and nonbinary people) drop out of school because of mistreatment. 

45% of LGBTQ students say they avoid bathrooms at school because they feel unsafe or uncomfortable. 44% report the same for locker rooms, 40% for gym class, 26% for the cafeteria, and 25% for athletic fields and facilities. 11% of LGBTQ students say they avoid school grounds altogether.

Student Loans for Queer Borrowers

40% of LGBTQ borrowers reported being denied financial assistance for college due to their sexual orientation. 

LGBTQ students take on an average $16,000 more in student loan debt than cishet peers.

LGBTQ college graduates are more likely than cishet peers to make less than $50,000 a year. 

27% of LGBTQ borrowers have been prevented from buying a home because of student loan debt 41% delayed moving out, 23% were prevented from buying their first car, 19% from starting a family and 18% from getting married.

Employment Barriers for the LGBTQ Community

Nearly 10% of LGBTQ people have left jobs due to unwelcoming environments, and more than 50% of us say discrimination negatively affects our work environments. 

Trans unemployment rates are three times that of the general population. Many trans folks have to hide or delay transitioning to avoid being mistreated at work. 

People exhibiting high levels of gender nonconformity are more likely to be fired, not hired or denied a promotion due to gender identity. 

Lack of Family Financial Support

53% of millennials overall rely on financial help from their parents — a lifeline many LGBTQ millennials don’t have access to. 

This often forces LGBTQ workers to take lower-paying jobs to secure stability faster.

LGBTQ children are more likely to be left out of wills and miss out on inheriting familial wealth. 

Lack of family support puts LGBTQ folks at higher risk of mental and physical health problems, substance use disorders, STIs, physical and sexual violence, intimate partner violence and housing insecurity.

An internalized survival mindset bred by lack of a financial safety net can cause low self-worth and prevent us from accessing wealth.

Queer Health Care Costs

22 states have passed anti-trans health care legislation. 

56% of LGBT adults (70% of trans and gender-nonconforming individuals) experience discrimination from health care professionals. To receive adequate treatment, many of us have to educate our providers. Fear of discrimination deters many of us from accessing preventative care, which puts us at higher risk for detrimental health issues.

Things like medical transitions, an increased risk for physical health conditions (like cancer and cardiovascular disease), HIV prevention and treatment, mental health treatment, and family planning make health care costs higher for us than for cishet people.

Intersectional Oppression

People who live at the intersections of multiple systems of oppression — like sexism, homophobia, racism or ableism — experience compounded mistreatment and economic violence. 

Compared to white peers, LGBTQ BIPOC are more likely to experience anti-LGBTQ discrimination when applying for jobs (32% versus 13%).

LGBTQ BIPOC are more likely than white peers to experience anti-LGBTQ discrimination from police (24% versus 11%). 

LGBTQ BIPOC experience higher rates of psychological distress and suicidal ideation than their white peers. 

Enter Daylight

We are the first generation of LGBTQ+ people who can live openly. We are everywhere the light shines, and it’s time for us to take the next steps in equality for our community, focusing on the wealth gap between us and the wider world. We’ve created Daylight for this purpose.

It’s our job to shine a light on LGBTQ+ money matters – starting with educating our community on all of the ways that the system is stacked against us and laying the foundations for great financial habits, making it easier for us to access fair financial products and working together to build the futures we deserve.

Get early access to Daylight.  Join the waitlist today.

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Daylight News

LGBTQ Grads Earn Less & Have More Debt — Here’s How to Pay It off Faster

College is a time to get out on your own and find your path, but the high cost of going to college affects students for years after they’ve graduated. 

If you have a lot of student loan debt, you might worry that you’ll be living on ramen and racking up credit card debt for the rest of your life. But there are a few things you can do to ensure you can keep living your best life while repaying your student loans.

LGTBQ grads face more student loan debt

Studies show that LGBTQ students graduate with more debt than their cishet peers, and research by UCLA School of Law Williams Institute found that more than one-third of LGBTQ adults 18 to 40 years old are carrying over $93 billion in federal student loans. 

The same study found more than half of trans adults have federal student loans, and LGBTQ adults are more likely to have federal student loans than non-LGBTQ adults.

The struggle is compounded by the fact that queer grads are less likely than their cishet peers to earn a salary of $50,000 or more. Additionally, LGBTQ grads are more likely to choose to live in a large city to be nearer inclusive communities, which means their cost of living can also be higher than their cishet peers.

And then there’s the discrimination that queer people can face both in the job market and when trying to find financial help. A survey by Student Loan Hero found about four in 10 LGBTQ borrowers said they’d been denied financial help due to their sexual orientation.

But despite the high cost of college and the associated challenges for the queer community, 62% of LGBTQ graduates in the Student Loan Hero survey said that they were glad they went to college. That’s because college is often a more welcoming and affirming environment than queer folks are used to. 

The benefits of college for many in the LGBTQ community are clear. But if you’re struggling with paying down your high student loans, there are a few ways you can find help and relief. 

1. Sign up for an income-driven repayment plan

If you have trouble finding a well-paying job after graduation, you’re not alone. The average salary for a new grad varies depending on location and major, but according to a study by the National Association of Colleges and Employers, the average starting salary for graduates is just around $50,000. 

To a new worker, that might sound like a lot, but once you factor in tax, health care (including things like HRT if you’re trans or therapy if you had a traumatic coming-out experience), rent, utilities, groceries and car loans, you’re not left with much to spare. Add student loan repayment on top of that, and many queer grads find themselves struggling to make ends meet.

If you have federal student loans, income-driven repayment plans can help. They take your income and expenses into account and set affordable monthly payments so you won’t have to choose between eating food and making a loan payment. 

The U.S. Department of Education offers four types of income-driven repayment plans: Revised Pay As You Earn (REPAYE), Pay As You Earn (PAYE), Income-Based (IBR) and Income-Contingent Repayment (ICR).

REPAYE Plan

  • Monthly payments at 10% of your discretionary income.
  • 20-year repayment plan if you’re repaying undergraduate debt, or 25 years for graduate or professional study debt.

PAYE Plan

  • Monthly payments at 10% of your discretionary income; will never be more than the 10-year Standard Repayment Plan amount.
  • 20-year repayment plan.

IBR Plan

  • Monthly payments at 10% of your discretionary income for loans borrowed after July 1, 2014.
  • Monthly payments at 15% of your discretionary income for loans borrowed before July 1, 2014.
  • Payments will never be more than the 10-year Standard Repayment Plan amount.
  • 20-year repayment plan for loans borrowed after July 1, 2014.
  • 25-year repayment plan for loans borrowed before July 1, 2014.

ICR Plan

  • Monthly payments at the lesser of two options: 20% of your discretionary income, or what you would pay on a repayment plan with a fixed payment over 12 years.
  • 25-year repayment plan.

The best part? Once you reach the end of the repayment period on any of these plans, the rest of your debt is forgiven.

2. Determine whether you qualify for public service loan forgiveness

If you’re employed by a U.S. federal, state, local or tribal government or a nonprofit organization, you could qualify for public service loan forgiveness (PSLF). 

This program will cancel (or “forgive”) the remaining balance on your federal student loan after you’ve made payments for 120 months while working for a qualifying employer.

To get PSLF, you must be a full-time employee, repay your loans under an income-driven repayment plan, and either have Direct Loans or consolidate your other federal student loans into a Direct Loan. 

Good to know: A Direct Loan is a borrowing program for students that’s financed by the U.S. Department of Education (what you most likely have if you borrowed federal loans for undergrad).

3. Refinance your private loans

If you took out a private loan to pay for college, you won’t qualify for an income-driven repayment plan or for public service loan forgiveness. Instead, you can look into refinancing your student loan to help minimize your monthly payments and decrease your loan’s interest rate.

When it comes to refinancing your loans, you have many lender options. But there are some eligibility requirements. 

Generally, you need to have a credit score in the high 600s or higher and a steady and predictable income. If your credit score is too low or your income varies because you freelance or rely on tip money, you could get a co-signer to help you refinance your loan.

The benefits of refinancing your student loan include:

  • You could decrease your monthly payment amount.
  • You could pay less interest over the life of the loan.
  • You could pay off your student loan faster.
  • If you had a co-signer on your original loan and don’t need them anymore, refinancing releases them from the loan.

If you’re considering refinancing your student loan, shop around to compare lenders. Do your research on each lender to ensure their values align with yours. You don’t want to end up owing money to an institution that supports anti-LGBTQ politicians or organizations.

4. Consolidate to simplify your federal loans

If you have more than one federal student loan, look into consolidation, which combines multiple federal loans into a single loan to make payoff easier. 

While consolidation won’t decrease your interest rate, it can make repayment easier since you’ll have one bill each month instead of several. Your consolidated loan may also have a longer term (up to 30 years) than your individual loans, which could get you a lower monthly payment.

If your federal loan isn’t a Direct Loan, you’ll need to consolidate in order to be eligible for PSLF. 

But if your loan is a Direct Loan and you’ve made qualifying PSLF or income-driven repayment plan payments before consolidating, you’ll lose credit for those payments. Weigh the pros and cons of consolidation before making the switch.

5. Make a budget (and stick to it)

If you don’t already have a budget, there’s no better time like the present to start making one to boost your financial situation. There are several templates online that can help you make a budget, or you can download an app that tracks your expenses so you can identify where to cut back. 

As an added bonus, when you use Daylight’s banking platform, you’ll get a monthly spending report that tells you how queer-friendly your shopping is, allowing you to set a budget and stick to your principles.

Student loan debt can be scary, especially if you’re a recent grad facing monthly repayments for the next 10 to 30 years. By taking advantage of your options, you can lower your monthly payments or interest rate so you can live your life without fretting over your loans.

Catherine Hiles (she/her) is a writer, editor, mother, friend and ally. She lives in Ohio with her husband, two kids, and sweet but wild pit bull mix.

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Daylight News

For the Gworls: Helping Black Trans People Pay for Rent and Gender-Affirming Surgeries

For the Gworls is a Black and trans-led collective that fundraises money to help Black transgender people pay for rent, gender-affirming surgeries, co-pays for medication and doctor’s visits, and traveling to medical facilities.  

The collective started on July 4, 2019 in Brooklyn, New York, where founder Asanni Armon decided to throw a party to fundraise for their friends who were about to be evicted. Then they brought in Maahd, FTG’s resident DJ, for the creative aspects. Thus, For the Gworls was born.

The collective helps the Black trans community in the coolest, most pleasurable way: by hosting monthly parties. These extravaganzas may be gram-worthy, but they’re also made for a wonderful cause. Every party has the goal of raising money to help Black trans people pay for their rent and gender-affirming surgeries.

A study by the National LGBTQ Task Force shows that Black trans people have a 26% unemployment rate, which is much more than literally everyone else. The same study showed that nearly half of Black trans people have been homeless, over five times the rate in the general population. And 34% of Black trans people have a household income of less than $10,000 a year. 

Contributions from For the Gworls are much-needed in this community.

For the Gworls is one of several causes Daylight has supported in 2021, in keeping with our mission of financial services by and for LGBTQ people. Other causes we’ve supported include the Edie Windsor Coding Scholarship, Next Generation Project, and Ali Forney Center, to name a few.

Since their unveiling, For the Gworls has been featured on BBC, VICE, AFROPUNK, Autostraddle, Forbes and PAPER, among others. 

In an interview with AFROPUNK, Asanni explained how they got started. “After I announced I would do [these rent parties] every month, my inbox got flooded with so many requests. … If you’re Black and trans, I’m not going to refuse you. I’m just not going to push you away, because that’s what the world does to us. We don’t need anybody else doing that to us, especially not another community member.”

If you’re just as amazed at what For the Gworls have done, we’re with you!

How to apply for financial assistance

Applying for financial assistance from For the Gworls is quite simple. Go to the “Applications” tab on FTG’s website and fill it all out. Keep in mind, only Black transgender people can apply. As stated on their website, the organization doesn’t read or respond to any applications not sent through the “Applications” page.

The turnaround for rent or medical fund requests is four months, and for affirmative surgery requests, it’s 12 months.

How to support For the Gworls

If you want to help the cause, you can donate to one of two funds: the Rent and Gender-Affirming Surgery Fund and the Medical Fund. 

Donations to the For the Gworls Rent and Gender-Affirming Surgery Fund, as the name suggests, go toward providing assistance for Black trans people who need help paying rent and for gender-affirming surgeries. The org says this fund can help reduce homelessness rates and health risks in the Black trans community.

Donations to the For the Gworls Medical Fund are specifically set aside to help with funds for traveling to medical facilities in either full payment or co-payment capacity.

If you want, you can also set up a recurring donation.

What’s happening now?

Because of COVID-19, the organization isn’t hosting as many parties as usual, in an attempt to keep everyone safe. It’s recently hosted a few parties, though, including “Welcome to the Bratz House“ on August 21 and celebrated its two-year anniversary on July 4, 2021!

Within that time, the organization has redistributed more than $1.5 million for the Black trans community.

You can follow For the Gworls on social media for updates, and you can still donate and apply for help, even while parties are on hold. You’ll see posts on social media when funds are open for applications — and you have to answer quickly because applications only open for 24 hours.

Within just two years, For the Gworls has made a tremendous impact for the Black trans community. The future looks just as bright for the collective and we’re honored to help.

Delilah Gray is a freelance writer and business owner based in Pittsburgh, Pennsylvania. She’s been featured in Cosmopolitan, Buzzfeed, Insider and POPSUGAR, to name a few.

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Daylight News

Daylight Hosts Queer Markets to Raise Money for LGBTQ+ Organizations

If there’s one thing the LGBTQ community knows how to do, it’s celebrate in style. This past summer, Daylight hosted not one, but two queer-focused events designed to celebrate and give back to our community while providing a safe space for our LGBTQ friends and customers to cut loose and have a fabulous time.

The Daylight Queer Market took place in New York City on June 26, and in Oakland, California, on July 11. While each event was unique, both offered the perfect opportunity for the queer community to get together to enjoy live music and support local queer vendors for a good cause.

Daylight Queer Market in NYC

Our first Queer Market in New York was held on Saturday, June 26 at Dollar Bill BK, and hosted by drag queen Nicky Ottav. The event featured an afternoon market and live music in the evening from Emi Grate, i’m baby, Fabiana Gomez, Beaujangles and JAX. 

The event was free to attendees, but we welcomed donations to benefit  local grassroots organizations supporting the LGBTQ community. We partnered with Marqueta to donate a cool $2,500 to The Next Generation Project, an organization dedicated to providing resources to Black and Brown trans folks.

Daylight is excited to support such a worthy cause, because it puts money directly into the hands of BIPOC LGBTQ folks to help them succeed. Some of their initiatives include:

  • TNG Relief Fund: TNG takes requests from BIPOC trans and non-binary folks for financial aid, no strings attached.
  • Scholarships: TNG awarded $500 scholarships in fall 2020 to three trans and non-binary students to help them reach their educational goals.
  • Microgrants: TNG gave away 10 grants of $1,000 each to BIPOC trans artists and activists in summer 2021.

Vendors at the market offered a wide variety of wares for queer folks and allies, including fetish clothing, upcycled sunglasses, live embroidery, gender-fluid clothing, jewelry and skincare.

Vendors at the market included Grisel Lopez, Alexandra Owensby, Sara Rutherford, J. Morrison, Carmen Eliana Hamer, Girl Strike, Nina + David, Aasia Tayor-Patterson, Lou Nouranjo, Jade Chalchiquetzalli, Geraldine Polanco, and Gnarly Casual. 

Daylight Queer Market in Oakland, California

The Daylight x Disco Bottoms Up Brunch and Queer Market took place at 7th West in Oakland, California, on Sunday, July 11. 

Entry was free, and there was a suggested donation of $10 per guest to benefit The Transgender District and its new Entrepreneurship Accelerator program

This program is designed to help queer and transgender people of color start a business project in 2021. Participants in the program gain access to information sessions, webinars and mentorship. The program also offers free business tax filings, website creation, coaching sessions and a $3,000 seed grant for each participant at the end of the program. 

The program’s tools are designed to set BIPOC transgender and queer folks up for success in their business endeavors.

We partnered with Marqeta again on this one to match donations up to $5,000. 

Brunch was served to our first 100 guests, but all attendees had access to food and drinks through a touchless ordering menu. We kept it COVID-safe with masks as long as we weren’t eating or dancing, per 7th West’s house rules.

There was also music during the House Beats 2 Move Your Feets section. Performers included Chantski!, Corrine, Jays One, Major Trouble and Nova.

The Daylight Queer Market is one of our favorite examples of how we at Daylight support our fantastic community, and the two events held this summer were just a few of many successful events in 2021 — and these are just the beginning!

Catherine Hiles (she/her) is a writer, editor, mother, friend, and ally. She lives in Ohio with her husband, two kids, and sweet but wild pit bull mix.

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