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We are pleased to announce Jennifer Ho, Commissioner of Minnesota Housing, has joined the GroundBreak Coalition’s Executive Council, serving in an ex-officio capacity.

GroundBreak Coalition announced its Request for Proposals (RFP) to grant long-term contracts to Low-Cost, Patient Capital Pool and Guarantee Pool Financial Managers. Flexible capital pools will help unlock private-market capital and bridge one-time gaps for aspiring Black homeowners, entrepreneurs, and commercial developers.

In March, the GroundBreak Coalition announced its inaugural Executive Council and an enhanced project team. This month, we are excited to welcome the project team’s newest member, Jeff Aguy, who will be co-leading the launch of Implementation Teams focused on ensuring...

We are pleased to announce the members of GroundBreak’s inaugural Executive Council and Project Team. Learn how GroundBreak is updating its governance and operations to achieve its ambitious agenda!

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.

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.

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.

GroundBreak Coalition announced investments of nearly $1 billion to expand wealth building opportunities. This is a significant step toward the coalition’s goal of mobilizing $5.3 billion over the decade to expand equitable wealth-building through an innovative approach shaped by community members.

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.