Together with the Twin Cities Land Bank, Partnership in Property Community Land Trust (PIPCLT) has and is acquiring the 4 commercial properties at 35th and Penn for NICE to repurchase over a 2 year period. PIPCLT will own the land while NICE will own the buildings, ensuring long-term affordability and community control

35th &
Penn Ave N

These properties are home to BIPOC business owners

We estimate acquisition and rehabilitation costs to be up to 1.5 million, conservatively.

40% | Commercial Land Trust’s share of the acquisition.

$148,000 | Forgivable loan from the Cleveland Neighborhood Association

10% | Membership investment, including grants converted to shares for lower-income residents

660k | Funds to be raised