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RE-Seed property renovation

FOR EMERGING DEVELOPERS

Partner with PPL

Small properties are the ‘seed’ to growth

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PPL is extending an opportunity to emerging developers to help grow a real estate portfolio, assets and equity through our RE-Seed program for PPL’s small unit properties. These properties are important community and neighborhood assets that need to be preserved. A key goal of RE-Seed is to help prepare aspiring developers to successfully own and manage these affordable housing assets into the future.

 

Contact Us

How It Works

 

PPL is preparing our small unit properties to ensure a stable investment opportunity for potential buyers. Properties ready for sale will be periodically issued through a Request for Qualifications and application process. Each round, PPL and partners will provide technical assistance to developers to prepare for transactions. Lessons learned will be shared with systems partners and through policy discussions.

Calendar of Events

Portfolio

 

9

Assets in phase one of RE-Seed program
The Joe Selvaggio Initiative properties are located in South Minneapolis with a mix of duplexes, quads, and one 6-unit building

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Assets (ranging from 2-4 unit buildings and up to 6–20-unit buildings) for sale to emerging developers over the next 3-5 years

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Assets
Ranging from 2-unit duplexes, 3-unit triplexes, 4-unit quads, and 6–20-unit buildings

Next Steps

See the Prospectus
Current List of Properties
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Real Estate Partners
Abundance Properties
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RFQ
Read the RFQ
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Make a Bid
Download the Bid Sheet
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Custom Mortgage

Learn about the custom mortgage product from Land Bank Twin Cities

Download the Term Sheet

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Download the Presentation

Pilot Project Sold

College House​

 

PPL piloted a program in 2023 as part of our equitable development efforts to create a community-focused, transformational strategy that collaborates with emerging developers to buy our small, scattered-site properties.  “College House” in South Minneapolis was our first successful sale. The first of many to come, this tri-plex property was sold at a below-market price, with the buyer enjoying down payment assistance, a reserve pool to help cover unexpected costs to maintain each of the units, and property management consulting. The property was improved before the sale, all in an effort to build the capacity of emerging developers, which, in turn, returns true community assets to community members. The newly named “RE-Seed” program is expected to launch to grow capacity and assets in full, in the fall of 2024.

LEARN MORE

Contact PPL

Learn More About This Equity-Driven Strategy:

Karla Henderson
Karla Henderson
President and CEO
Karla Henderson
Karla Henderson
President and CEO

Executive Assistant: Danielle.Gharineh@ppl-inc.org

Karla Henderson, President and CEO, has been in this role as of January 2025. Karla is tasked with leading the 50+-year-old organization into its next chapter by bringing an inspirational, collaborative, and empowering leadership style to the organization. Karla first came to PPL in March 2024 as Senior Vice President of Housing Stability which utilized her over 20 years of experience working with communities to create equity through community development, urban planning, and capital improvement. Before PPL, Karla served as the Director of Community Development for the City of Bloomington, Minnesota. After graduating with her bachelor’s degree in public resource management from Michigan State, Karla quickly rose to be a community leader in Detroit, her hometown. There, Karla served as Group Executive for the City of Detroit and Director of Capital Investment and Buildings Administration for Wayne County, Michigan. In these roles, Karla spearheaded community development, building strength and capacity for neighborhoods. Karla is currently serving on the board of directors of Land Bank Twin Cities, and Mall of America Community Foundation, as well as the 2024-25 co-chair of Leadership Twin Cities. 

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ppl@ppl-inc.org | 612-455-5100
1021 East Franklin Avenue Minneapolis, MN 55404
EIN: 23-7232208
© 2025 Project for Pride in Living
A proud partner of the American Job Center network
PPL is a 501(c)(3) nonprofit organization

  • About
    • Mission & Impact
    • Staff & Board
    • Financials
    • History
    • News & Insights
    • Work at PPL
  • Careers & Education
    • Career Readiness
    • Alternative High Schools
    • Employers-Partner with us
    • Diploma Connect
    • LEAP
  • Housing
    • Am I Eligible for Housing?
    • Our Properties
    • Own Your Own Home
    • Resident Login
    • RE-Seed Program
  • Volunteer
  • Events
  • Donate
  • Contact us
  • Blog
  • Resident Login