How much funding does Northside Real Estate Developer Grants provide?

The listing does not state a funding amount. Check the funder's announcement for specifics.

When is the deadline for Northside Real Estate Developer Grants?

The funder has not published a deadline for this grant.

Who is eligible for Northside Real Estate Developer Grants?

Geography: Located in North Minneapolis, prioritizing neighborhoods connected to West Broadway Avenue and other transit corridors in. Not funded: Ineligible Applicants; Local governments, nonprofits; Applicants who have already received funding through this opportunity are not eligible to apply for funding for the same project; Ineligible Expenses; Repairs, material costs, land acquisition, salaries, and business operations and operating expenses.

Northside Real Estate Developer Grants

The Jay and Rose Phillips Family

Foundation Grants for Black-Owned Businesses Grants for Minority-Owned Businesses Small Business Grants Grants for Capital Funding

Funding Amount

Not stated

Deadline

Deadline not published

Grant Type

Foundation

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Geography

Located in North Minneapolis, prioritizing neighborhoods connected to West Broadway Avenue and other transit corridors in

Other requirements

_You can learn more about this opportunity by visiting the funder's [website](https://phillipsfamilymn.org/northside-real-estate-developer-grants/)._
Eligible Applicants
Black commercial real estate developers with site control
These neighborhoods include: Cleveland, Harrison, Hawthorne, Jordan, McKinley, Near North, Sumner-Glenwood, Victory, Willard-Hay, and Webber-Camden

Not eligible / not funded

Not eligible: Ineligible Applicants
Not eligible: Local governments, nonprofits
Not eligible: Applicants who have already received funding through this opportunity are not eligible to apply for funding for the same project
Not eligible: Ineligible Expenses
Not eligible: Repairs, material costs, land acquisition, salaries, and business operations and operating expenses

Overview

Northside Real Estate Developer Grants

Phillips Foundation to award grants to Black real estate developers in North Minneapolis

The Northside Commercial Real Estate Advisory Committee of the Jay and Rose Phillips Family Foundation of Minnesota is pleased to announce that it will distribute $100,000 in grants to Black real estate developers in North Minneapolis.

With these grants, the Phillips Foundation aims to alleviate smaller financial burdens that often hinder the success of developers who come from a historically marginalized community and have limited representation in the field of real estate development. Grants will cover pre-development costs for Black real estate developers with site control of North Minneapolis commercial and “missing middle” (5-unit minimum) residential real estate projects.

Funding

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

Eligibility

_You can learn more about this opportunity by visiting the funder's website._

Eligible Applicants:
- Black commercial real estate developers with site control
These grants will support Black real estate developers with site control of commercial or “missing middle” (5-unit minimum) residential real estate projects located in North Minneapolis, prioritizing 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.
What We Will Fund:
- Grants are available for pre-development soft costs for real estate projects focused on commercial or missing middle (5-unit minimum) properties.
- 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.

Ineligibility

Ineligible Applicants:
- Local governments, nonprofits
Applicants who have already received funding through this opportunity are not eligible to apply for funding for the same project.
Ineligible Expenses:
- Repairs, material costs, land acquisition, salaries, and business operations and operating expenses.

What The Jay and Rose Phillips Family actually gave

Source: IRS Form 990-PF, 2024

Grants in 2024: 120
Total given: $2.57M
Median grant: $10K
Range: $1,000–$238K

By dollars: Minnesota 82%, California 10%, New York 3%. Top recipient cities: Minneapolis, MN; St. Paul, MN; Los Angeles, CA.
69% of grants with a stated purpose were for general or operating support.

Example grants

Minnesota Private College Fund · St Paul, MN

2023-2025 eddie phillips scholars

$220K
The Minneapolis Foundation · Minneapolis, MN

Phillips northside real estate advisory committee special purpose fund

$196K
Fortis Capital · Minneapolis, MN

Capacity building support for lending capital and operations

$150K
Minneapolis Jewish Federation · Minneapolis, MN

2024 community campaign - 572468

$100K
Women in Non Traditional Employment Roles · Ranchos Palos Verdes, CA

General operating support

$65K