January 2017 Committee Reports

ALL MEMBER MEETING JANUARY 28TH!

Saturday, January 28th

3pm-5:30pm

22-25 Jackson Ave. at the intersection of 46th Ave.

LIC, NY 11101

geodesic dome in the courtyard

PLEASE RSVP HERE TO ENSURE SMOOTH ENTRY INTO PS1

We are very excited to be able to host this meeting at MoMa PS1, and wish to thank everyone involved for their generosity.

On the agenda: Update from your Steering Committee on where we stand in achieving the aims of the REIC, with a review of our adopted Bylaws, and a presentation on a potential first collaboration project by Nat Roe, Executive Director, Flux Factory,

December 2016 Committee Reports

REIC U Update

Thursday, Dec. 15! REIC U Film screening/discussion and potluck dinner at Union Docs!

7-11pm at UnionDocs

322 Union Ave, Brooklyn, New York 11211

We will be screening Kelly Anderson’s 2012 documentary, “My Brooklyn,” the story of her journey to understand the forces reshaping her neighborhood along lines of race and class. It raises questions of how we can heal the deep racial wounds embedded in our urban development patterns, and how we can become active in fixing a broken city planning process. We will hold breakout discussions after the film to discuss its themes and their applications

November 2016 Committee Reports

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

Does It Fit Us? An activity for learning to see potential NYC REIC projects

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

October 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

July 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

June 2016 Committee Reports

Hello REIC People!

Read below for the full June 2016 reports from the NYC REIC’s various working committees.

In Solidarity,
-Newsletter Crew

Scoping Workgroup Update

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:

RSF Social Finance’s Reimagine Money Blog: Democratic Finance for Affordable Space in NYC

RSF Social Finance Blog Post

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 info@nycreic.com as we can receive tax deductible donations through Spaceworks, our fiscal sponsor.

April 8 MEMBER NEWSLETTER: All-member meeting on Thursday, April 28! NYCREIC’s 1-Year Anniversary!

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

March 4, 2016 MEMBER NEWSLETTER: Meetings Coming Up 3/7, 3/29, & 4/28

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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

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