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RE-Seed property renovation

RE-Seed

Growing Ownership and Cultivating Change

Rooted in Equity

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RE-Seed is a groundbreaking initiative launched in Fall 2024 by PPL, in partnership with Land Bank Twin Cities and a group of public and philanthropic organizations. Its goal is simple but powerful: to give a new generation of developers—especially those who’ve been historically left out of real estate ownership—a chance to own and manage small-scale affordable housing. At the same time, it helps keep these homes affordable and strengthens neighborhoods across the Twin Cities. 

How it Works

RE-Seed is built on the idea that communities thrive when they have a stake in their housing. PLL transfers its housing properties to emerging developers from underrepresented backgrounds.

To encourage long-term success, PPL provides hands-on support in areas like budgeting, property management, working with tenants, and understanding housing regulations. 
 

What RE-Seed Offers

Property Improvement Funds

A $1.8 million fund for property improvements like roofs, windows, and heating systems

Special Mortgage

A special mortgage from Land Bank Twin Cities with a low interest rate and minimal down payment

Forgiveable Down Payment Assistance

$50,000 in forgivable down payment assistance per property from the GroundBreak Coalition’s Entrepreneurship Program

Equitable Transformation

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

41

Assets for sale in the next 3-5 years
Ranging from 2-4 unit buildings and up to 6–20-unit buildings

83

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

RE-Seed in the Future

RE-Seed isn’t just about selling properties—it’s about changing the game. Phase 2 is already underway, with more homes being prepared for sale. In the coming years, PPL hopes to see other organizations adopt this model, helping build a more inclusive and resilient housing market across the Twin Cities and beyond

Next Steps

See the Prospectus
Current List of Properties
homes
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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Pilot Project Sold

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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.

Contact PPL

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 & Annual Reports
    • History
    • News & Insights
    • Work at PPL
  • Career & Education
    • Access Program
    • Alternative High Schools
    • Career Pathways
    • Diploma Connect
    • Employers-Partner with us
    • LEAP
  • Housing
    • Am I Eligible for Housing?
    • Our Properties
    • Own Your Own Home
    • Resident Login
    • RE-Seed Program
  • Volunteer
  • Events
    • All Events
    • 2025 Annual Breakfast Recap
  • Donate
  • Contact us
  • Blog
  • Resident Login