MINNEAPOLIS--(BUSINESS WIRE)--Land Bank Twin Cities, Inc., a nonprofit organization which works to break barriers to equitable real estate development and provide investment opportunities for underserved communities across the Twin Cities, has appointed Thomas Streitz as the Interim Executive Director. Streitz was one of the original founders of Land Bank Twin Cities over 13 years ago and most recently served as its Board Chair. Streitz’s appointment follows the retirement of Sandy Oakes, who served as President of Land Bank Twin Cities for 10 years.
“I am grateful for the opportunity to lead Land Bank Twin Cities and work with the many passionate, talented and influential members of our board and staff,” Streitz says. “We are well-poised to build on our legacy to establish long-term, equitable real estate solutions that uplift our communities and increase opportunities for people to invest in their futures.”
Land Bank Twin Cities works with nonprofit developers to produce thousands of affordable housing units throughout the Twin Cities metro area. Since its founding, Land Bank Twin Cities has acquired and sold over 200 million dollars in real estate to service families, local businesses, and important cultural assets in low-income neighborhoods.
“We’re excited to mobilize our stakeholders to build on our established track record of innovative equitable investment in real estate and community lending to grow our impact throughout the state of Minnesota,” he says.
Streitz’s strengths and experience are rooted in economic empowerment, affordable housing development, systems change, wealth creation and anti-poverty strategies. His prior roles include serving as Legislative Counsel to the U.S. Senate, Director of Housing and Policy Development for the City of Minneapolis, and Deputy Executive Director of the Minneapolis Public Housing Authority.
About Land Bank Twin Cities, Inc.
Land Bank Twin Cities works with developers, nonprofit service providers and government agencies in the Twin Cities to capture strategic real estate opportunities to benefit people with low to moderate incomes, prioritizing people of color and populations facing barriers. Through land banking, lending, brokering, property management and technical assistance, Land Bank Twin Cities plays a major role in addressing barriers to equitable community development. As a result, millions of dollars have been invested in Twin Cities communities for more than a decade to support a wide range of mission-driven real estate initiatives. To learn more, visit landbanktwincities.org.