LISC Twin Cities’ Community Asset Transition (CAT) Fund was cited in an article from The Brookings Institution regarding the broader movement across the country to increase local and BIPOC ownership of property, or “buy back the block.” Read the full article here: Helping residents ‘buy back the block’ with American Rescue Plan funds.
Additionally, ImpactAlpha’s article “Helping communities acquire assets and rebuild small businesses in Minnesota” mentions the CAT Fund for further insight on the initiative and how it will impact our local communities hit hardest by the Uprising and COVID-19. Find it here: Helping communities acquire assets and rebuild small businesses in Minnesota.
If you also haven’t heard the news, the Neighborhood Development Center (NDC) was the first group to access funds from the $30 million CAT Fund. Congratulations, NDC.