Category: Member Outreach, Media & Art.
Winter/Spring Newsletter

IMPORTANT! ALL-MEMBER MEETING MAY 29TH!

WHEN: Tuesday, May 29, 6:30pm-8:30pm

WHERE: Central Brooklyn Public Library

10 Grand Army Plaza, Info Commons

B41, 2, 3, B, Q

Please RSVP here. New members welcome.

WE WANT TO KNOW:

WHY You desire…

  • to buy the building your space is in & need more $$$
  • to sell a commercial space you own, but want to make sure it will continue to be affordable/serve neighbors
  • to contribute to an innovative project to prevent the displacement of small businesses, community spaces, cultural centers, coops, artists, and more across NYC
  • to be qualified invest your savings
April 2017 Committee Reports

All-Member Quarterly Meeting- MAY 7th!

We invite all members of the REIC, as well as anyone interested in joining our cooperative, to our Spring 2017 quarterly All-Member Meeting! Join us to hear updates from our Founding Board, view the roadmap for us moving forward that was developed at our strategic planning meeting in March, hear report-backs from committees, and get more involved by joining a new working group. Also on the agenda – an interactive session where REIC members new and old can learn and ask questions about our business model and structure.

Come 10 minutes early or stay 10

February 2017 Committee Reports

Join us for the NYC REIC Organizational Planning Meeting
Mayday Community Space
176 St. Nicholas Street
Bushwick,Brooklyn
Sunday, March 5th
12:00-4:00pm

We are at a point in the NYC REIC’s trajectory where we are actively considering investment projects, thinking about fundraising, and generally deciding what the NYC REIC is going to look like in the near future.

To make sure the NYC REIC develops intentionally and with member input, the Founding Board is hosting a facilitated organizational planning session. If you are interested in attending, please RSVP here by February 27, 2017.

As this will be a sequential, facilitated meeting,

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

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:

ALL MEMBERS: Register for Our Jan. 28 Steering Committee Elections

At this Quarterly All-Member NYC REIC Meeting, we will hold elections for the Steering Committee and ratify its Charter.

Come early if you are not already a member, and want to join.

WHEN

WHERE

The Middle Collegiate Church – 112 2nd Ave New York, New York 10003 – View Map

REGISTER HERE!

From 6:00-6:30pm, new members can join. From 6:30-8:30, we will meet, ratify the charter, and hold elections.

What is the Steering Committee?

The Steering Committee will be NYC REIC’s first democratically elected

Nominate REIC Steering Committee Members & Come Meet the Candidates on Thurs., Jan 14th!

Hello NYC REIC Members!

This is the Governance Working Group. We hope you enjoyed the holiday season and are excited for some important updates about what’s been happening with REIC!

Updates on the Steering Committee Charter

The last time we emailed you, we had sent you a list of proposed rights and responsibilities for the Steering Committee that will be elected later this month. We heard incredible feedback from those of you who came to our meeting on December 14th (thank you!!), and since then have been working to incorporate that feedback into a written charter.

As a reminder, the 

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