About
Historic and systemic barriers have made it difficult for BIPOC and immigrant business owners to build wealth through commercial property ownership. Recently, a number of municipalities and organizations have established funds to support small business owners and developers in acquiring commercial property. Many of these real estate acquisition programs aim to help BIPOC and immigrant entrepreneurs overcome common barriers to commercial property ownership such as mortgage access.
STAKEHOLDERS
Small Business
Government or Public Agency
Banks or Lending Institutions
Community Residents
Real Estate Firm or Developer
Strategies in Action
Northside Commercial Real Estate Revolving Loan Fund – Minneapolis, MN
Tool : Commercial Property Acquisition Funds The Northside Commercial Real Estate Revolving Loan Fund was developed through a partnership between the Northside Economic Opportunity Network (NEON) and Local Initiative Support Corporation. It is designed to [...]
The Ujima Fund – Boston, Massachusetts
Tool : Commercial Property Acquisition Funds The Ujima Fund is a democratic investment fund that raises capital to finance small businesses, real estate, and infrastructure projects in Boston’s working-class BIPOC communities. It works in five [...]
Community Fund of North Miami Dade – Opa-locka, FL
Tool : Commercial Property Acquisition Funds The Community Fund of North Miami Dade, established in 2002, is a certified CDFI that provides financial services to low-income communities and people who lack access to conventional financing. [...]
