News & Updates
Updates from the Coalition

How the GroundBreak Coalition Is Taking on the Racial Home Ownership Gap
KJ Rolenc and Michael Shelton have been doing everything society expects from them. The two men, both single fathers, are present and raising their children. Shelton works for a Minneapolis sports‑related nonprofit that supports kids and, on the side, serves as executive director of another sports‑related nonprofit that’s also focused on young people. Rolenc is one of those people who — if the American myth that hard work alone pays off were actually true — would probably be a wealthy CEO by now. In addition to working as a program manager at a drop‑in shelter for homeless youth, Rolenc has formed his own nonprofit, does consulting and trainings for other nonprofits, and he’s a licensed Minneapolis realtor.
FAQs for Commercial Real Estate Origination Partners
The following are frequently asked questions pertaining to the application.
GroundBreak Coalition Announces Financial Managers for Guarantee and Loan Capital Pools
Mission Driven Finance and Broadstreet Impact Services unanimously selected by local Selection Committees to join the Minneapolis Foundation as financial managers of three major financial pools. Coalition is now seeking proposals for local originating partners to begin distribution of financial resources in 2025.
GroundBreak Announces RFPs for Origination Partners for Commercial Real Estate
GroundBreak Coalition is seeking up to five (5) origination partners to make special purpose credit program loans to contribute to building Black wealth through commercial real estate developments, including mixed-use neighborhood developments with housing and other business developments. These origination partners (e.g., community lenders, CDFIs, and other financial intermediaries) are a crucial component of the GroundBreak new financial system. They will facilitate the flow of capital to developers who can build wealth for themselves and create equitable economic opportunities in underinvested communities.
In the News
In the News
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Groundbreak Newsletters
Other Coalition Updates
See GroundBreak Coalition workgroup recommendations, monthly update call recordings, and past meeting summaries.