Winter/Spring 2018 Newsletter: May All-Member Meeting
Fall 2017 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
New Board Elections on November 12th!
Join us for Board Elections of the NYC Real Estate Investment Cooperative at our next All-Member Meeting! Sunday, November 12 from 3pm to 6pm at Prime Produce (424 West 54th St, between 9th & 10th Aves., Hell’s Kitchen, Manhattan, NY 10019): A, C, B, D, 1 at Columbus Circle or 50th Street. Run for the Board of the NYC Real Estate Investment Cooperative (or nominate someone you know)!
A message from the Nominating Committee:
We, the Nominating Committee, have been hard at work planning for the election, where YOU will select the
February 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
December 2016 Committee Reports
Join us for the NYC REIC Organizational Planning Meeting
Mayday Community Space
176 St. Nicholas Street
Sunday, March 5th
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,
October 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
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
Three High-Quality Potential Sites for Investment
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 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: (1) clearly communicate an intention for the kinds of projects the REIC wants to work with / support,
(2) communicate why certain projects should be supported, and (3) allow NYC REIC to say NO to some potential investment projects so that we can confidently
From June through September 2015, the Public Building Inventory workgroup searched a database of city-owned properties and narrowed down a list of 84 to 3 very promising potential sites of investment based on factors such as proximity to retail and public transportation, flood zone status, and size and condition of the buildings.
Here are the potential sites:
1) 106 Locust Avenue, Bronx
In Port Morris, a historic ferry gantry and cable shop on desirable waterfront property.
2) 146-39 105th Avenue, Queens
This building is owned by the NYC Department of Health. Nested in a residential area, this is a