Land Bank Twin Cities, Inc.

Exciting news! Land Bank Twin Cities (LBTC) is thrilled to announce the successful completion of an innovative project that creates perpetually affordable retail space in North Minneapolis. In a groundbreaking collaboration, LBTC acquired the properties in 2021 and partnered with Partnership in Property Commercial Land Trust (PIPCLT) and Northside Investment Cooperative Enterprise Minnesota (NICEMN) to facilitate community ownership of two retail buildings at 3453 and 3501 Penn Avenue North. This milestone represents over three years of dedicated work since our initial acquisition, demonstrating the significant time, patience, and commitment required to transform these properties into sustainable community-owned commercial spaces. Learn more about this project: https://lnkd.in/g8i9-5wh #RealEstate #SocialImpact #InvestingInLand #CreatingOpportunities #PIPCLT

After almost two years, Land Bank Twin Cities is finally settling into our office at 2515 Wabash Ave. A big thank you to Ken Piper, and the architecture design team at Tanek, for heading our renovation efforts and making our vision a reality.?

We're proud to unveil a series of updates to our website, creating a more modern, user-friendly experience.?Some key updates include a refreshed design and improved layout, providing visitors with a welcoming and informative first impression, and an improved and streamlined online application process for new borrowers, making applying for funding easier. These website enhancements directly reflect our efforts to ensure the communities we serve have updated and accessible ways to connect with us. See the updates: landbanktwincities.org

Land Bank Twin Cities acquired the property at 1351 Arcade St. on behalf of our partner, 30,000 Feet. The new building, a sustainably designed 13,500-square-foot facility, will house their Black Arts + Tech Center. Learn more about the project: https://lnkd.in/eGAasXy8

We are excited to announce that our president, Aarica L. Coleman, has been recognized as a 2024 Notable Nonprofit Board Member by Twin Cities Business! This honor is given to nonprofit leaders whose hard work helps shape strategies that empower the communities they serve, and Aarica has done just that. Please join us in congratulating her on this achievement! Read more about the award: https://lnkd.in/gHBQM6aS

Land Bank Twin Cities and a local nonprofit organization recently partnered to acquire 15 acres of land to be developed into an 11-acre park, and a new youth development & tennis center. Working closely with environmental experts, the project team will enhance the biodiversity of the land beginning with protecting bees and bats. In two to three years, when development is complete, the site will have been transformed from an abandoned construction dump into a vibrant community asset. We look forward to sharing our progress with you as we move forward!

We are excited to announce our new president, Aarica L. Coleman! She is a housing and real estate expert with 20 years of experience leading large-scale projects. Most recently serving as the appointed Administrator of the Bloomington Housing and Redevelopment Authority (HRA), Aarica is a dedicated leader with a proven track record of galvanizing teams around a shared passion and commitment of racial equity. We are honored that she has chosen to share her expertise with the team at Land Bank.

Congratulations to our friends at BUILD WEALTH MN INC, for receiving a $2 million grant from philanthropist MacKenzie Scott! Through programs and services rooted in financial literacy, debt reduction and creating generational wealth, the organization partners with private, state and local government organizations to strengthen underserved communities by empowering families to build sustainable social and economic wealth. This significant support will help the organization continue to strengthen families and revitalize communities. Keep up the great work, Build Wealth, MN! About the grant: https://lnkd.in/g723dzhs About Build Wealth, MN: https://lnkd.in/gQNu2HgM