What is the Community Investment Trust?
The Community Investment Trust is a first-of-its-kind financial inclusion tool created to empower residents and strengthen communities. The CIT is designed to remove barriers to financial inclusion and provide a low-dollar investment opportunity in a commercial property to local residents.
Through the CIT class “Moving from Owing to Owning,” investors LEARN how to create budgets, set financial goals and understand investment basics. They can then subscribe to INVEST $10, $25, $50, or $100 a month to buy shares in the CIT.
Investors PROFIT in three ways. An annual dividend is paid from the profits of the building – tenants pay rent and expenses are paid. The shares change value as the value of the property appreciates and the loan on the property is paid down.
Ready to take the first step and sign up for “Moving from Owing to Owning” class?
Or keep reading to learn more……..
As more and more people enroll to invest monthly, the neighbors owned percentage of shares in the property increases until they are all owned by the Community Investment Trust.
Over time, the loan is paid down and property value changes. The combination of the two factors then affects the value of the CIT shares.
Mercy Corps NW’s First CIT: Plaza 122
Mercy Corps NW’s first Community Investment Trust is Plaza 122, a 29,000-square-foot mid-century commercial retail mall in outer Southeast Portland with approximately 26 to 30 business and nonprofit tenants. Three hundred to 500 Portland and Gresham residents within four zip codes (97216, 97233, 97230, 97236) can follow a long-term path to collective ownership of this building in their neighborhood for as little as $10 and up to $100 per month.
To be eligible for the Plaza 122 CIT, you must:
- Live in zip code 97216, 97230 ,97233, or 97236
- Be at least 18 years old
- Have a tax ID number (TIN)
Ready to take the first step?