News & Updates
Updates from the Coalition
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.
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.
GroundBreak Announces Investments of Nearly $1 Billion in First-of-Its-Kind Effort to Expand Equitable Wealth-Building Opportunities in Minneapolis-St. Paul
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.
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.
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Other Coalition Updates
See GroundBreak Coalition workgroup recommendations, monthly update call recordings, and past meeting summaries.