Community Investment Trust

We need this in NYS and particularly in NYC! A community investment trust for Portland, Ore. residents to ‘buy back the block’ brookings.edu/research/a-com… via @BrookingsInst

As we continue to share about our neighborhood, our focus today is our friends at Mercy Corps' East Portland Community Investment Trust at Plaza 122 (SE 122nd and Market Street). 🧵

Community ownership of commercial property remains rare...but across the US, it's increasingly seen as a vital strategy to support #BIPOCbusiness ownership: bit.ly/3ZHMkLP @InvestCIT @LISC_HQ #CommunityOwnership

I recently had the chance to visit a new community investment trust forming in Albany, NY. There’s already 14 community-serving small business and social services orgs in this office/retail building, including a church.

Also mentioned in this #NPC23 panel on small business anti-displacement: The East Portland @InvestCIT. More below — and stay tuned for reporting from me on upcoming replications of this community-owned commercial real estate model. nextcity.org/urbanist-news/…

@FidelityChrtbl A7- Mercy Corps launched a first of its kind, community investment trust @InvestCIT to bring wealth generating opportunities to those historically excluded here in the US. This offers a long-term path to ownership of local commercial real-estate at a buy-in as low as $10/month!

@InvestCIT offers a long-term path to collective, communal ownership of real-estate for investors from $10-$100/month, right here, in our neighborhood. This builds the possibility to strengthen communities and create empowered lives.

So proud of this project. Took a long time to incubate and but is now a reality all over. 👏👏 to Portland visionary John Haines. npr.org/2023/03/05/116…

The East Portland CIT Corp celebrated its 5th anniversary before! We are honored that our own US Senator @SenJeffMerkley stopped by to congratulate the 300+ community investors on taking action towards wealth building in their community. We @InvestCIT look forward to more!

The CIT is taking next steps to be implemented by great orgs in the marginalized communities across the country. Get a taste of why that matters to individuals. @investcit @mercycorps npr.org/2023/03/05/116…

Passionate about making financial inclusion impact across the U.S.? Join our small and mighty @investCIT team as Community of Practice Manager at @mercyrops! Help shape the way orgs from Brooklyn to Seattle reach those w/out trad. access to RE investment. investcit.com/News/Detail/20

2023 CIT Investment Open for Registration! - mailchi.mp/828cd31c054b/2…

The future of social impact is community, not philanthropy.

Community ownership is a critical tool for just #commdev. A new @LISCResearch report explores how community ownership of commercial spaces revitalizes distressed corridors, combats speculation, maintains community-serving spaces,+ builds community wealth. lisc.org/our-resources/…

Neighborhood trusts “could potentially have a transformative effect on how we think about community development,” @Elwood_Hopkins. The success of a model launched by Mercy Corps in Portland, Oregon, (@investcit) has largely driven the buzz. smartcitiesdive.com/news/neighborh…

With investments from the U.S. Treasury under #ECIP, @Beneficialstate is able to make sophisticated loans to entities that represent collective communal ownership like @InvestCIT. It’s an experiment in wealth-building that also makes good business sense bit.ly/3Kk6OnY

It may not look like much, but the thing is, around 400 people who live in the four zip codes around this little shopping plaza collectively own it as investors in the East Portland Community Investment Trust, @InvestCIT.

@oscarthinks @culturalspaceag @AfricatownCLT Oscar, if you have time to grab a taco while you’re here let @svengotcha know, would love to show you the CIT if you’d like.

Coming out to the Pacific NW for the first time in a few weeks. Any recs? Vancouver August 4-9 Seattle August 10-11 (@culturalspaceag @AfricatownCLT) Portland August 12-13 (@InvestCIT)

@oscarthinks @culturalspaceag @AfricatownCLT We will definitely need to grab the best brunch tacos in town at La Osita PDX at the invest CIT first site. The @PortlandMercado would also be a great place to visit. Second the coffee comment.

Building wealth is building community. 🧱 Real estate is the biggest factor in the widening racial wealth gap in the U.S. This is why community investors like Jennifer and Yonas are working w/ @InvestCIT to take matters into their own hands. 🤲🏽 mercycorps.org/blog/real-esta…