North Miami residents steering their own economic futures
North Miami residents steering their own economic futures
North Miami residents steering their own economic futures
North Miami Community Investment Cooperative
The North Miami Community Investment Cooperative (NM-CIC) is an opportunity for local residents to “buy back the block” — or take ownership and control of real estate in their community. This cooperative model means that residents will own and manage commercial property together, while the tenants will be local small businesses.
In the first phase of each property, Catalyst Miami will oversee the purchase and initial management of the real estate. This includes making any needed repairs to the property and handling commercial tenant matters. Then, Catalyst Miami will oversee the process of selling the properties back to individual members of the community.
The NM-CIC project is an innovative way for residents to become property owners and have a say in the development of their neighborhood.
The NM-CIC opens up investment opportunities to working-class residents, especially as development increases in the area. The project also supports the local economy by leasing spaces to local businesses (the tenants) and offering them technical assistance through our small business services.
The NM-CIC is a model of community-level economics that supports equitable wealth-building, collective ownership, and stabilization instead of displacement.
Read about the NM-CIC in the Miami Herald and BisNow.
Want to get involved?
*This program is currently not accepting new applications. To be notified of future openings, sign up for our newsletter here.*
If you live in North Miami and would like to be a part of this cooperative, please complete the form on this page. We will contact you soon about next steps!
As a first generation Haitian-American that was raised, schooled and now a homeowner in this city, being a member of the North Miami Community Investment Cooperative means that I get to see the development within my city in real time. I remember my family and I used to live in those one-story apartments behind Cayard Bakery on West Dixie Highway and 128th street, and walking over to Cecibon Restaurant to watch boxing matches, and leaving with those famous white paper box to-go containers. Or 50 cent Sundays at Gribble Pool next to the Armory and fire station where North Miami Senior High School is now stationed. I am a product of this environment and now that I have the opportunity to design what the future of this neighborhood will look like, I am more than proud to “buy the block back.”
— Vanessa Pierre
NM-CIC Steering Committee Member
As a first generation Haitian-American that was raised, schooled and now a homeowner in this city, being a member of the North Miami Community Investment Cooperative means that I get to see the development within my city in real time. I remember my family and I used to live in those one-story apartments behind Cayard Bakery on West Dixie Highway and 128th street, and walking over to Cecibon Restaurant to watch boxing matches, and leaving with those famous white paper box to-go containers. Or 50 cent Sundays at Gribble Pool next to the Armory and fire station where North Miami Senior High School is now stationed. I am a product of this environment and now that I have the opportunity to design what the future of this neighborhood will look like, I am more than proud to “buy the block back.”
— Vanessa Pierre
NM-CIC Steering Committee Member
The NM-CIC will...
