Knight Foundation

About the fund

Kensington Corridor Trust is among a growing number of community actors harnessing legal structures and evergreen investment funds to preserve ownership of commercial and residential assets in fast-gentrifying neighborhoods. The organization, based in Philadelphia’s Kensington neighborhood, acquires properties and puts them into a permanent trust that members of the neighborhood govern and control. The organization’s mission is to help neighborhood residents “dictate what’s happening and how it’s happening,” on their blocks, KCT’s Adriana Abizadeh told ImpactAlpha. “They’re the ones impacted.” KCT has made 19 investments since it launched in 2019. It looks for deals of around $100,000. The organization is looking to raise $20 million.