At CLTRE, we understand that public-private partnerships are essential for driving sustainable, inclusive economic development. By combining the resources of the public sector with the innovation and flexibility of private businesses, these partnerships create the foundation for lasting community transformation. We believe that collaboration is key to making our community development initiatives not only possible but scalable and impactful.
What is a Public-Private Partnership?
A public-private partnership (PPP) is a collaborative agreement between government entities and private sector companies. In this model, both parties share resources, risks, and rewards to achieve a common goal. PPPs are particularly valuable in community development because they allow public and private stakeholders to pool their expertise and funding to address challenges like affordable housing, infrastructure, and economic inequity.
How CLTRE Utilizes Public-Private Partnerships
One of our standout successes at CLTRE is our partnership with the City of Sacramento to support our CLTRE Keeper First-Time Homebuyer Program. This program empowers BIPOC families and individuals by providing access to affordable housing and the tools needed to navigate the homebuying process. The City of Sacramento’s initial financial support, combined with The U.S. Bank Foundation’s latest seed funding and Sacramento Regional Community Foundation expanding their focus to equitable housing initiatives, has allowed us to grow this vital program to over $1,000,000 in downpayment assistance, helping families achieve homeownership and build generational wealth.
“Thanks to the bold initiative from our partners at The U.S. Bank Foundation, Sacramento Regional Community Foundation, and the City of Sacramento, our CLTRE Keeper First-Time Homebuyer program is literally shifting the culture in Sacramento ahead of our 2040 plan.”
These collaborations have enabled us to offer down payment assistance, no loan origination fees, and personalized coaching to ensure that first-time homebuyers have the support they need. By leveraging the expertise and resources of both public and private partners, we are creating opportunities for homeownership that would not be possible otherwise.
Why Public-Private Partnerships Matter
Public-private partnerships are critical because they:
- Expand resources: By pooling financial and technical resources, PPPs enable larger-scale projects that directly benefit the community.
- Leverage expertise: Public institutions bring policy support, while private companies offer innovation and efficiency.
- Drive sustainable development: PPPs create long-term solutions by focusing on sustainable, inclusive growth.
At CLTRE, our partnerships have enabled us to tackle more ambitious projects like our community-led real estate project on Del Paso Blvd. This mixed-use development will offer workforce housing, retail spaces, and cultural preservation efforts, ensuring that the local community benefits from growth without being displaced. The collaboration with local financial institutions and public agencies allows us to focus on developing spaces that reflect the values and culture of the neighborhood.
CLTRE’s Approach to Public-Private Partnerships
In every partnership, we focus on aligning the goals of the community, the government, and private businesses. Our collaborative efforts are not just about development—they are about equity, inclusion, and ensuring that historically marginalized communities can actively participate in and benefit from economic growth.
By working with the The U.S. Bank Foundation, Sacramento Regional Community Foundation, the City of Sacramento, CADA, Kaiser Permanente, and other partners, CLTRE ensures that our projects prioritize the needs of the community first. Whether it’s providing financial education to first-time homebuyers, building workforce housing, or running inclusive economic development programs, our public-private partnerships are essential in fulfilling our mission to create an inclusive economy that works for all.
Final Thought:
Public-private partnerships have the power to transform communities. Through our collaborative efforts, CLTRE is able to drive inclusive economic development that benefits everyone—especially those who need it most. Together with our partners, we are creating long-term, sustainable solutions that will shape the future of our neighborhoods.
Are you ready to be part of a transformative community initiative? Join CLTRE and our public-private partners in building a brighter, more inclusive future for all. Whether you’re a business, community member, or local organization, your involvement can make a difference. Contact us today to learn how you can support and grow alongside us in our mission to create inclusive economic development in Sacramento.
