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GroundBreak Coalition’s Path on Rental Housing

GroundBreak Coalition’s Path on Rental Housing

A key area where we have more work to do, as a Coalition and as a state, is in addressing the affordable housing crisis. Where we live determines everything, and stable housing underpins every other wealth-building activity. However, for too many MSP residents, particularly families earning less than 40% of area median income (AMI), there is an acute shortage of rental housing that is affordable. Identifying long-term and permanent breakthroughs in this area is critical for our region and for GroundBreak’s vision of a future where every resident, no matter their race or background, has the opportunity to build wealth and achieve their aspirations in MSP.

GroundBreak Coalition Shares Progress Toward Ambitious Vision During Community Briefing

GroundBreak Coalition Shares Progress Toward Ambitious Vision During Community Briefing

On October 31, GroundBreak Coalition announced an early collective financial commitment of nearly $1 billion to expand wealth building opportunities, with a current focus on aspiring Black homeowners, entrepreneurs, and commercial developers. The news was shared with nearly 200 community members including nonprofit, philanthropic, public, and private sector leaders at Sabathani Community Center in Minneapolis. See highlights from the event.

Collaboration to the Max: Transforming our Region Together

Collaboration to the Max: Transforming our Region Together

Over the next decade, GroundBreak is working to secure $1.2 billion in flexible capital to build Black wealth, close racial wealth gaps, and create a more prosperous region for all. This is a leadership moment that will define us. We can show the world what it takes to transform and be a place that truly works for everyone.

Collective Will and Intentional Action: Philanthropy’s Role in Boldly Reimagining What’s Possible

Collective Will and Intentional Action: Philanthropy’s Role in Boldly Reimagining What’s Possible

GHR is committed to advancing racial equity in the Twin Cities and we have been intentional in making deeper investments locally. No organization can advance racial equity alone, and GroundBreak Coalition offers a way to work together on bold solutions previously untried in our community. With our commitment to GroundBreak over the next three years, GHR is continuing to expand on more than $15 million in investments made in the Twin Cities since 2020.

Building a Shared Financial Platform: MSP’s Key to Unlocking Capital at Scale

Building a Shared Financial Platform: MSP’s Key to Unlocking Capital at Scale

This summer, GroundBreak is beginning the work of building a shared, regional financial platform. By doing this, our region will be able to provide a reliable, long-term, and consistent source of financing for wealth builders in the region. We are excited to move this innovative platform forward to create a central hub for directing and scaling investments that can fund aspirations and shrink wealth gaps, for good.

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