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Putting aside the fact that slavery is still legal in the US thanks to the 13th amendment, and the fact that US orgs are outsourcing it to developing countries, the long-term effects and inequity of slavery continue to this day and should be addressed.
That said, I'm of the opinion we shouldn't give cash payouts - while it'll provide benefit to the community, it'll be spent in such a way that the benefits will flow out of the community almost immediately. It also gets into mucky territory judging how affected people were, and will be the basis for the stoking of massive racial animosity.
Instead, I think we should use the funds to invest massively in infrastructure and programs that will provide long-term benefits to the community. Transport, education, social services and the like that will all help maximise people's quality of life, opportunities, social mobility, and enfranchisement. If some low-income families that weren't affected by slavery benefit too, all the better.