Grant to Minnesota Black Real Estate Developers to Alleviate Financial Difficulties

Northside Real Estate Developer Pre-Development Grant

Agency

Foundation

GrantWatch ID#

210691

Funding Source

THE JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA
Northside Commercial Real Estate Advisory Committee

Geographic Focus

USA: Minnesota: North Minneapolis

Important Dates

Deadline: 09/25/23 1:00 PM CDT

Grant Description

Grants of up to $15,000 to Minnesota Black real estate developers in eligible areas to mitigate financial difficulties. Funding is intended to relieve the financial burdens often experienced by developers from marginalized communities. These grants will be applied to pre-development soft costs for Black real estate developers with site control of North Minneapolis commercial and "missing middle" (5-unit minimum) residential real estate projects.

These grants will prioritize the North Minneapolis neighborhoods connected to West Broadway Avenue and other transit corridors in the area. These neighborhoods include: Cleveland, Harrison, Hawthorne, Jordan, McKinley, Near North, Sumner-Glenwood, Victory, Willard-Hay, and Webber-Camden. Priority will also be given to applicants who are North Minneapolis residents, and to projects that incorporate universal design or sustainability attributes.

Grants can also be used as matching funds for other funding opportunities.

Eligible Expenses:

Inspection Fees
Architecture
Accounting and Legal Fees
Engineering
Project Management
Permits and Other Regulatory Fees
Third-Party or Phase I Reports

Recipient

Additional Eligibility Criteria

Eligible Applicants: Commercial property owners, Developers (for-profit) with site control

These grants will support Black real estate developers with site control of commercial real estate projects located in North Minneapolis, prioritizing neighborhoods connected to West Broadway Avenue and other transit corridors in the area. See the neighborhood list below.

Eligible North Minneapolis Neighborhoods
▪ Cleveland
▪ Harrison
▪ Hawthorne
▪ Jordan
▪ McKinley
▪ Near North
▪ Sumner-Glenwood
▪ Victory
▪ Willard-Hay
▪ Webber-Camden

Ineligible

Ineligible Applicants: Local governments, nonprofits

Ineligible Expenses: Repairs, Material Costs, Land Acquisition, Salaries, and Business Operations and Operating Expenses

Pre-Proposal Conference

A recorded informational session will be posted by September 15, 2023. You are encouraged to submit questions to Maya Beecham.

Pre-Application Information

Applications are due on Monday, September 25 at 1 p.m. CDT

Finalists will receive notification that they are being considered for a grant. If necessary, requests will be made for additional documentation at that time.

Grants will be announced by mid-December 2023.

Applicants will need to create an account in the portal in a two-step process; after creating your account, you will receive a follow-up email to connect yourself to your organization. We encourage you to log in early in the application process to ensure that you have access to the portal.

More information: https://phillipsfamilymn.org/northside-real-estate-developer-grants

Watch the recorded grant information session on the Full Grant Text RFP link.

Estimated Size of Grant

The Phillips Foundation plans to award up to $15,000 per grant application based on eligibility and project readiness.

Contact Information

Application: https://tmf.iphiview.com/tmf/ApplicationPortal/GranteeDashboard/NorthsideRealEstate2023Application/tabid/812/Default.aspx

If you have questions about accessing the online portal, please contact the Minneapolis Foundation’s Grants Administration team at grantsadministration@mplsfoundation.org.

If you have questions about the guidelines or need other assistance with the application process, contact Maya Beecham at mbeecham@phillipsfamilymn.org.

If you have technical questions about this process, please contact Grants Coordinator Takara Henegar at thenegar@mplsfoundation.org or (612) 672-3840.

Phillips Family Foundation
800 IDS Center, 80 S 8th Street
Minneapolis, MN 55402
(612) 672-3878
info@phillipsfamilymn.org

Grant to Minnesota Black Real Estate Developers to Alleviate Financial Difficulties

Northside Real Estate Developer Pre-Development Grant

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