On West 7th, a historic market is preparing for a new chapter. On West Broadway, Minneapolis residents have become co-owners of a commercial property. GroundBreak’s Sept. 30th report offers a view at the people and projects capital is reaching.
$155.9 Million Mobilized
With $27.6 million in GroundBreak capital, the coalition has helped mobilize $155.9 million in total financing with:
- $19.4M in down payment assistance
- $2.43M in entrepreneurship capital
- $5.75M in development capital
Each milestone brings us closer to a region where more people can participate in the economic future of their neighborhoods.
Across Products
444 Households supported in purchasing homes, including 63 in July alone, our strongest month since launch.
55 Businesses financed through GroundBreak’s entrepreneurship program.
7 Neighborhood Developments financed, representing $23 million in combined project costs and 62 housing units preserved or created.
West 7th & West Broadway
On St. Paul’s West 7th St., the opening of Keg House Commons is scheduled this month. The redevelopment of the former Keg & Case market includes a 12,000-square-foot event venue, Element Boxing & Fitness, and space for local businesses and community gatherings.
On Minneapolis’ West Broadway, the approximately $9 million acquisition of Hawthorn Crossings, a 51,459-square-foot shopping center has been finalized. 97 Minneapolis investors now hold ownership stakes, including 19 young Northsiders, ages 18 to 25.
Coalition Impact
45 lenders engaged. 57% of loans layered with other funding sources.
The value of our coalition extends beyond the capital each partner contributes. Our Origination Partners bring deep community knowledge, while financial institutions and philanthropy bring additional resources and expertise. Together, we’re building the trust and shared responsibility needed to address challenges that no single institution can take on alone.
Design Sprint
In September, we hosted a pair of design sprints to gather community expertise and experience to evolve our entrepreneurship and neighborhood development programs beyond our initial offerings. The sessions focused on expanding services to better support larger, more mature businesses and to expand the types of projects our real estate program supports.
The common theme across recommendations is streamlined transaction and project financed tools that serve as building blocks to make capital more readily and easily accessible.
Community engagement across business owners, capital and service providers, government, and advocacy organizations exceeded all expectations and we’re very excited to implement your recommendations in 2027.
Supporting Black Homeownership Through the H.O.M.E. Fair
GroundBreak Coalition is proud to sponsor the 2026 H.O.M.E. Fair, hosted by NAREB Twin Cities on Saturday, October 24, at NEON Collective Kitchens in North Minneapolis.
This free community event is designed to help aspiring homebuyers connect with lenders, realtors, housing counselors, and trusted community organizations while exploring pathways to homeownership. Through workshops, roundtable discussions, and one-on-one guidance, attendees will gain practical tools and connections to navigate credit, financing, down payment assistance, and alternative homeownership opportunities.
The H.O.M.E. Fair reflects a shared commitment to expanding access to homeownership and closing Minnesota’s racial homeownership gap by connecting future homeowners with the resources, education, and relationships needed to move from aspiration to action.
Learn more and register: H.O.M.E. Fair Registration.
In Gratitude,
The GroundBreak Coalition Team
