Eastside residents explore Community Investment Trust to develop East Lubbock | KLBK | KAMC

LUBBOCK, Texas – East Lubbock residents and community leaders are exploring a community investment trust to help revitalize East Lubbock.

“The idea is to help with diversity,” said Natalie Miller, a community activist. “It also allows low-to-middle income families to build wealth over time.”

Miller said with the community investment trust, residents are given tools to learn how the process works.

“[There’s] a difference of being moved and being part of a change that is coming,” Miller said.

Miller said people can vote on what type of business structure they want in their neighborhood and also have the option to invest in property.

“The community can invest in said property between as little as $10 per month and up to $100 per month,” Miller said. “They are able to generate a bit more income for their families, the mindset is starting to change and now there is hope in the community.”

Reggie Dial, president of 100 Black Men of West Texas, said the trust would empower East Lubbock residents and allow them to enjoy activities they usually have to travel for, such as shopping and entertainment.

“East Lubbock just wants to be able to live, eat and play like any other part of Lubbock,” Dial said. “You know, that’s not too much to ask and so if we’re able to provide that to our community, I think we have to take advantage of that opportunity.”

The Eastside Unity Facebook group helped facilitate an online survey for the Community Investment Trust that generated interest from more than 500 East Lubbock residents. The survey asked residents what they would like to see built in East Lubbock.

Leditt Butler, founder of Hub City Street Hoops and East Lubbock resident, took part in the online survey and said he was excited about the Community Investment Trust.

“What I checked off was really for teens 12-17, which will be more of a close community for our young people,” Butler said.

Butler said he was also interested in building a bank on the east side of town.

“Most banks in certain communities are better off because of the businesses that surround the bank, and the community gives back to the bank,” Butler said. “It can be by opening accounts or applying for loans. Banks will strive because of this.

The results of the survey have already generated location ideas of where to build, all with the aim of helping the east side thrive.

“East Lubbock is about heart, passion, determination, trying to make it happen,” Butler said. “At the same time, trying to do something to show others that, hey, you can do it too.”

Jill E. Washington