November 2016 Committee Reports
Does It Fit Us? An activity for learning to see potential NYC REIC projects
Steering Committee and the October All-Member Meeting
In the wake of the Election results, after taking a moment to breathe, we know that our work here – and all kinds of organizing work – around a new economy, as well as social and humanitarian issues, not to mention the environment – is so much more vital than ever. We need to gather together, become stronger together, and work for the values, rights and principles we believe in. We are here – in cooperation – in solidarity. Join us, build with us.
We aim for all our member-investors to be able
October 2016 Committee Reports
The Draft Project Selection Criteria (version 8), created by members of our Scoping Committee, is a checklist that can be applied to potential properties to see if they fit our scope. It will only let through projects that fit our mission of investing in permanently affordable space for community, small business and cultural use in NYC.
Our goal is for all our member-investors to be able to participate in finding the right projects for us. The Draft Project Selection Criteria is like a pair of glasses: when member-investors wear them, opportunities become visible.
This brief activity was created by
July 2016 Committee Reports
Steering Committee Update
Getting Our Legal Ducks in a Row
It’s possible to create the alternatives we need when we play with the mechanisms that determine real estate. Your Steering Committee has been working with lawyers from Lincoln Square Legal Services’ (LSLS) Community Economic Development Clinic of Fordham Law School, led by founding member Paula Z. Segal, and at Stroock & Stroock & Lavan LLP, to register with the NYS Attorney General to fundraise for collective real estate investment through the LLC we will incorporate. The package we need to submit to the NYS AG’s office describing our model, and
June 2016 Committee Reports
Steering Committee Update
Together with our other workgroups and committees, your Steering Committee is continuing to build capacity for the NYC REIC. At our June 12 open meeting, we presented our proposal for the legal entity that the NYC REIC should form, based on research of the Fordham Law School Clinic and input from the Governance Committee. You can see the slides from the legal team’s presentation here.
Your Steering Committee has decided to implement one of the legal structures outlined by the Fordham’s group: we will form a Member-Controlled Not for Profit Corporation with special purpose entity Limited
RSF Social Finance’s Reimagine Money Blog: Democratic Finance for Affordable Space in NYC
Hello REIC People!
Read below for the full June 2016 reports from the NYC REIC’s various working committees.
Scoping Workgroup Update
The Scoping Workgroup hauls in the green!
The Scoping Workgroup is developing a set of criteria for projects that the NYC REIC wants to collaborate with local organizers to fund. The general goals for this document are three:
April 8 MEMBER NEWSLETTER: All-member meeting on Thursday, April 28! NYCREIC’s 1-Year Anniversary!
Read the full post on the RSF Social Finance’s Reimagine Money Blog HERE.
We have received a grant of $1000 from RSF Social Finance, and would love more gifts and grants to support the incubation phase of the investment cooperative. If you would like to make a tax deductible donation, please email firstname.lastname@example.org as we can receive tax deductible donations through Spaceworks, our fiscal sponsor.
March 4, 2016 MEMBER NEWSLETTER: Meetings Coming Up 3/7, 3/29, & 4/28
Hello REIC Members!
It’s our quarterly All-Member Meeting, and our first birthday!
Our next All-Member Meeting will be held Thursday, April 28th, from 6:30-8:30pm at Middle Collegiate Church in the East Village. At this meeting, we will be hearing report-backs from our democratically-elected Steering Committee and from our four current workgroups (WGs), as we enter the second quarter of the year. We will also hear from the Community Economic Development Clinic of Fordham Law School, which is generously providing pro bono assistance to navigate challenging legal questions around incorporating and investing together. We will also hear about new committees in
MEET THE STEERING COMMITTEE CANDIDATES AND VOTE!
Meeting details are first in this message. Scroll down for key updates.
We will be holding a Spring 2016 All-Workgroup Kick-Off Meeting on Monday, March 7th, 6:30-9pm, at Brooklyn Law School Subotnick Center, 11th floor, 250 Joralemon St., Brooklyn, NY 11201 (click for map)
If you have been part of a Workgroup, or if you would like to play an active role in the REIC and possibly join a Workgroup, please come. We will be transforming some of our workgroups, creating new ones as needed, and also setting up some committees.
Please also join us if you are interested
Hello REIC Members!
Our next All-Member Meeting will be held Thursday, January 28th, from 6:30-8:30pm at Middle Collegiate Church in Manhattan (see below for directions). At this meeting, we will be hearing report-backs from working groups, and holding elections for our Steering Committee!
Steering Committee Elections
There are 10 candidates who accepted their nominations to run for the Steering Committee. On Thursday, REIC members will vote for up to 7 candidates, and the 7 names with the most votes will be elected.
Click here to download or view the names and bios of the candidates, or watch