Developers of Color

First recipient of St. Paul's Rondo Inheritance Fund gets new home The fund provides up to $100,000 in fully forgivable loans for lower-income Rondo residents and their descendants for down payment assistance or for fixing up a home.

Midway Investment Cooperative Kick-Off Celebration https://www.eventbrite.com/e/the-midway-investment-cooperative-mic-kickoff-tickets-622117087957

East Metro Main Street Economic Revitalization Program The East Metro Main Street Economic Revitalization Program will provide grants to businesses and nonprofit organizations for capital projects in the Snelling-University-Rice Cultural District, East Side commercial corridor and West Seventh commercial corridor, in the city of Saint Paul.

1570 White Bear Avenue

On Monday, October 3, from 6:30 to 7:30 the City of Saint Paul - Government will be holding a virtual discussion for the Anti-Displacement and Community Wealth Building study. At the meeting, there will be a short presentation introducing the project followed by discussion questions. More information and the registration link can be found at the link below

Anti-Displacement Plan and Community Wealth Building Technical Study Background Background The City of Saint Paul’s Department of Planning and Economic Development, supported by the Mayor, City Council, and Planning Commission, has initiated an Anti-Displacement Plan and Community Wealth Building technical study. This technical study will identify, explore and a**l...

Bank of America: New zero down payment mortgages for Black, Latino homebuyers Residents in select Charlotte, Dallas, Detroit, Los Angeles and Miami neighborhoods will be the first to be offered the program.

This program supports developers to construct homes for sale to homebuyers with low to moderate incomes on residential lots currently owned by the Saint Paul Housing and Redevelopment Authority (HRA).

Multiple properties are available for sale to developers to build affordable, 1-4 unit owner-occupied housing

https://www.stpaul.gov/departments/planning-and-economic-development/housing/inspiring-communities

Inspiring Communities The Inspiring Communities program is a scattered site housing redevelopment strategy.

Learn more details about Black Business Week events next week

Black Business Week event details You can learn more details about Black Business Week events.

Our special guests at this tomorrow's meeting will be Danielle Swift, community organizer extraordinaire, and Dr Paul Campbell with Brown Venture Group.

Four Twin Cities credit unions form joint lending service The founding members are Affinity Plus Federal Credit Union, St. Paul; Hiway Credit Union, St. Paul; SPIRE Credit Union, Falcon Heights, and TopLine Federal Credit Union, Maple Grove.

Black Business Spotlight: Forreal Coffeehouse 'So, the whole objective is to lead people into a space where their barista is also their local real estate expert.'

As rent control looms, small St. Paul landlords sell low-cost units, hike rents Affordably priced apartments could be converted into condos for sale, further reducing choices for the working poor.

Community trust to buy Elmore Store The Elmore Community Trust has signed an agreement to purchase the Elmore Store.

Sunrise Banks sell Vandalia, Arcade Street branches to St. Paul nonprofits The bank cited waning demand for in-person banking services during the pandemic.

Anissa Keyes buys an old bank building to invest in community — North News By David Pierini , Editor A shooting inside a barbershop in September left one man dead and two others wounded. The barbershop was located inside the former Camden Park State Bank on 42nd and Lyndale avenues and the violence prompted some tenants to leave. Anissa Keyes was in the process of p

Register to attend the January DOC meeting here: https://us06web.zoom.us/meeting/register/tZwvdeuurT0uHNAZs2NEqT7SmHzluLT1eux0
The meeting is this Saturday at 11am CT via Zoom.

Welcome! You are invited to join a meeting: DOC Networking Hour. After registering, you will receive a confirmation email about joining the meeting. Join us to connect community members interested in varying levels of development. Attendees will have the opportunity to share the following: 1. Who you are and what you or your organization have been doing. 2. Any resources for the community. (trainings, grants, events, etc) 3. What you need help w...

Vice President Harris, Treasury announce billions for Black, minority businesses at Freedman's Bank Forum Vice President Harris headlined the Freedman's Bank Forum, announcing $8.7 billion for financial institutions serving minority businesses.

Big News!

NDNCollective and Nexus Community Partners will steward $100 million in community trust funds to address racial wealth gaps.

The community trust funds will directly invest in Black and Native American communities across our region through grants to individuals, to improve access to opportunities such as education, homeownership and entrepreneurship.

Learn more about NDN Collective, Nexus Community Partners, and the community trust funds.

https://www.bushfoundation.org/news/announcing-our-community-trust-fund-steward-organizations

City of Saint Paul and Ramsey County to invest $74 Million in Federal ARPA Funding for Deeply Affordable Housing Saint Paul to invest in a 30% AMI Housing Fund Which Combined with Ramsey County Housing Investments Will be Among the Largest Public Investments in Deeply Affordable Housing in the Country

JPMorgan Chase & Co. Advancing Black Pathways
https://www.jpmorganchase.com/impact/people/advancing-black-pathways
Overview
We are uniquely positioned to marshal our resources to help address some of the persistent challenges facing the Black community. Everyone deserves the opportunity to participate in economic growth. That's why we are providing more support for the Black community in pursuit of educational, career, business and personal financial success.

Structural barriers in the U.S. have created profound racial inequalities, made worse by the COVID-19 pandemic. The racial wealth gap puts a strain on families’ economic mobility and restricts the U.S. economy.

As a firm, we are harnessing our expertise in business, policy and philanthropy and have initially committed $30 billion by the end of 2025 to drive an inclusive recovery, support employees and break down barriers of systemic racism.

Investing in St. Paul’s East Side Editor’s Note: Finance & Commerce is publishing a series of five articles called "Build...

Amazon launches $21M program for real estate developers of color Amazon partners with social impact and economic justice groups to support developers of color and facilitate affordable housing projects.

Learn more about DOC Co-Founder Dalton Outlaw

Eye On St. Paul Q&A: Dalton Outlaw, boxing instructor and entrepreneur Raised in St. Paul's Frogtown, Dalton Outlaw is building big plans beyond his Element Gym.

Do you know MnDOT sells land and structures? There are currently three properties for sale by bid and five properties available for immediate purchase. Click on the link for more information and to sign up for email alerts: https://bit.ly/324KBYR

We are working to build a community of people to build the community. If you are interested in being a developer, investor, partner, donor, or wish to get involved in any way, please fill out this form.

Join the DOC (Developers of Color) A Black led - nonprofit collective, organized to help BIPOC individuals and organizations build generational wealth through real estate ownership.

"Cash is King" workshop. Sign up here: https://docs.google.com/forms/d/e/1FAIpQLSd0auXx_js4AwtFzf2XRIIsD3Ru-d8T2BtKpZ83cii5vWAoUg/viewform

"Hamline Midway Investment Cooperative is looking for interim board members. Check out the information, video, and share."

Midway Investment Cooperative Learn about the new real estate investment cooperative being established in the Midway! Learn more and get involved at https://www.midwayinvestmentcoop.org/

The City of Saint Paul is offering a training program for small-scale emerging and BIPOC (Black, Indigenous, and People of Color) real estate developers this winter. On Monday, October 4th @ 3 PM one of the City's key partners in this effort - Incremental Development Alliance - will be hosting the first of several events meant to ensure that the initiative is a success. If you're an aspiring developer interested in community-based development or if you're interested in advocating for them, please, register for this free 1.5 hour presentation here: https://www.incrementaldevelopment.org/events/stpaullecture