City of Lakes Community Land Trust – Commercial Land Trust Pilot Programhttp://www.clclt.org
The City of Lake Community Land Trust (CLCLT) is seeking 8-15 individuals to serve on the founding advisory board for the Minneapolis Commercial Land Trust Pilot Program. The Pilot Commercial CLT is a program of CLCLT. A Commercial CLT is a community-based initiative that works to provide perpetually affordable commercial ownership opportunities by acquiring land and removing it from the speculative, for-profit, real estate market. Commercial CLTs hold the land it owns “in trust” indefinitely for the benefit of the community, ensuring that the land will always remain affordable for business owners.Our Mission: To (re)develop and preserve long-term affordable commercial spaces through community-driven ownership of land.
Public, Societal Benefit
Who should apply?
- Minneapolis residents that are interested in making a difference in their community through community- driven ownership of land.
- Those with technical expertise in commercial real estate development and/or the willingness to learn about commercial real estate.
Preferred qualifications or characteristics for advisory board members include (you do not need to meet all of the following criteria; we are looking to build a diverse board with many skill sets):
● Black, Indigenous, People of Color that work or live in Minneapolis
● Residents and/or business owners of North Minneapolis
● Local business owners
● Commercial real estate experience
● Experience in property management
● Knowledge of commercial lending
● Business technical assistance providers
● Experience with community engagement and outreach
● Expertise with non-profits and non-profit finance
● Facilitation skills
● Conflict management skills
● Real estate law
● Real estate development
● Knowledge of Community Wealth Building strategies (examples: cooperatives, broad-based ownership)
*Advisory Board Members must be Minneapolis Residents.
Advisory Board Member Roles and Responsibilities:
1. Supporting the mission, vision, and goals of the organization.
2. Selecting, supporting, reviewing the Program Director. This is a pilot project; the founding advisory board
will be responsible for hiring and supervising the Program Director.
3. Operationalize the Minneapolis Commercial CLT recommendations created by the Commercial CLT
Advisory Committee. You can find the recommendations here:
4. Monitoring and managing financial resources and programmatic results.
5. Assessing and developing skills.
6. Building the membership model for that Commercial CLT, including recruiting new members. Community
Land Trusts are membership organizations; advisory board members should help recruit members to the
7. Spread the word about the organization. Advisory board members should be outreach and fundraising
ambassadors for the program.
8. Attend and participate in monthly meetings. In addition, members are encouraged to participate in
various subgroups developed throughout the year focused on specific issues.
9. As needed, prepare reports and update for the CLCLT board meetings
10. Advisory Board Members should be available to spend 7-10 hours per month on the Commercial CLT.
Information about the process and application is posted online here: http://www.clclt.org/wp-content/uploads/2019/02/Commercial-Land-Trust-Advisory-Board-Application_Final.pdfErin Heelan