January 2017 Committee Reports


Saturday, January 28th


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

LIC, NY 11101

geodesic dome in the courtyard


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, LIC.

Here’s a little background information on Flux:


Founded in 1993, Flux Factory currently hosts 40 multidisciplinary artists-in-residence each year in the 16 studios of our Long Island City building. Flux’s building also features a 1700 sq ft gallery and shared workspaces, such as a wood shop and print shop. Flux’s exhibition and educational programs pay emerging artists to create new works for our free public events. Flux is renowned for our focus on community building in socially engaged public projects. After displacements from Williamsburg and Sunnyside in the past, Flux Factory is currently seeking to purchase its building to become a permanent service to its neighborhood.

Come 10 minutes early or stay 10 minutes late to join or to pay your $10 member fee if you signed up online. Volunteer to help with member sign-up and sign-in! Email steering@nycreic.com with JAN MEETING HELP in the subject line.


We are incorporated! The NY Department of State has accepted the certificate of incorporation for our Not-For-Profit Corporation that houses our cooperative. Since then, the Founding Board (made up of the Steering Committee members) has finalized and approved the initial set of Bylaws, which now govern the operations of the Not-For-Profit Corporation. The Founding Board decided, after discussing with our lawyers at the Fordham’s Community Economic Development Clinic, to go ahead and adopt the initial set of Bylaws to ensure that we are bound by the rules we’ve designed for ourselves (we would otherwise have to be bound by default rules contained in New York State laws). However, as we will explain at the January 28 meeting, from now on you the membership are in charge of the rules of the cooperative, and any amendment to them must be approved by members at a properly called meeting.

Many thanks to James, Jannon, Sean and Paula at Fordham Law School for all their hard work in getting us to this point; and congratulations to REIC founding member Paula on her transition to a new job! While our partnership with Fordham will now take a less active role in meeting the cooperative’s legal needs, we could not have gotten where we are today without the top-notch work of these passionate advocates for people-centered legal work.

The next steps include finalizing the letter to send to the NY State Real Estate Finance Bureau, which will allow us to start raising capital for our first project(s); registering with the New York State Charities’ Bureau; and filing for our tax-exempt status (we currently receive tax exempt charitable treatment through an agreement with our fiscal sponsor, Spaceworks NYC).

Now that we have moved into a brave new year, we are shifting gears and starting to focus on building the limited liability company (LLC) that will invest in projects for us (we are currently in talks with some potential existing project collaborations), and a framework to guide how we approach the communities and the proponents of future projects! Join us! We will invite you to also help with vetting potential projects in your own communities!

Stay tuned to our Event Calendar for our next open meetings! Contact us at steering@nycreic.com and by voicemail at (718) 316-6092 ext. 5.


We are working with Roy Rub and Seth Labenz of Topos Graphics (thank you so much! for doing this pro bono for the REIC!) on phase two of a new graphic identity for the REIC. We are hoping we can present some alternative versions for review at the All-Member Meeting – and that you can give us your feedback!

Please post to the REIC blog! Contact Leland at leland.cheuk@gmail.com. To post on a topic specific to your workgroup or anything else related to the REIC -See:  http://nycreic.com/blog/ Join us!

Please contact Mark Read at newsletter@nycreic.com to join the Newsletter Team!  We are always looking for people who can write, edit and design in Mailchimp.


Please keep an eye out for an upcoming screening event! REIC U is the committee of the REIC that creates educational programming for our membership and the public. We are planning a joint meeting with CORB in late January / early February.

Join us, contact us at: nyc-reic-case-studies@googlegroups.com

Community Outreach & Relationship Building (CORB) UPDATE:

The former PBIG: Public Buildings Inventory Group seeks new members with great community organizing skills. We are looking for those who can help us build our community engagement model and educate the membership in best practices in how to reach out to communities and work together with them, in a horizontal, democratic, grassroots way.

We are also looking for members who can help with translation, where necessary – whether from Spanish, Chinese, Russian, or other languages.

We are currently planning our next meeting together with REIC U in late January / early February.

You can always contact us at: nycreic–public-buildings-inventory-group@googlegroups.com to get involved.


Please join us, contact us at: grievance@nycreic.com


Donate for the future of NYC!

We have almost completed our 2-year incubation period!

Help us get there: make a tax-deductible donation to the NYC REIC, help us find and apply for suitable grants, or donate your pro-bono professional services in real estate, finance, accounting, web design, graphic design, development, facilitation, law, or something else.

Your donation will support the creation of a new infrastructure for social investment in the places that make NYC livable and great!

Please email steering@nycreic.com to donate labor, or write a check to the New York City Real Estate Investment Cooperative and send it to:

New York City REIC

℅ 596 Acres

540 President Street, #2E

Brooklyn, NY 11215

During this period, fiscal sponsorship is provided by Spaceworks NYC, a 501(c)(3) not-for-profit cultural community development organization dedicated to expanding the supply of long-term, affordable rehearsal and studio space for artists in New York City. Thanks, Spaceworks!


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