About this raise: Magnolia Fund HTX is raising funds on Wefunder. It is a community-owned commercial kitchen and food hub in Houston’s East End. Magnolia Fund HTX is transforming a 50,000-square-foot kitchen into Houston’s first community-owned commercial kitchen that will bring together food entrepreneurs, artisans, and residents in a shared space. The business has signed letters of intent with several local food and beverage businesses and will have multiple revenue streams from kitchen rentals, event spaces, and co-working areas. Erik Ibarra founded Magnolia Fund HTX in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for operating expenses and marketing.