|RE: community development corporations||<– Date –> <– Thread –>|
|From: Rob Sandelin (Exchange) (RobsanExchange.MICROSOFT.com)|
|Date: Thu, 18 Jul 1996 11:52:33 -0500|
Yeah CDC's are around in lots of places. However they are typically funded by grants or block grants that are specific to low income housing, which limits them somewhat. Also, much of the volunteer energy of these places identifies with the low income housing aspect of it. These organizations have some good resources and are worth contacting if there are any in your area. They could be a source for developer contacts, banking contacts, lawyers and other professionals who would be less profit motive driven. I beleive the Vashon COhousing Group partnered with a CDC and it was a good move, they got a couple of large grants to subsidize a portion of their development. The CDC manuerverd the grants and did a lot of leg work around funding issues and mortgages, and even took on some development stuff as well. It also helped them with some aspects of their development plan approvals because they could argue for exemptions because they were "low income housing". I think 6? of their 18 units are subsidized by the grants. Rob Sandelin NICA Original Message----- Sent: Thursday, July 18, 1996 9:05 AM Subject: community development corporations on target reply to Rob's post, Buzz. While I have been on sabattical from school and community land trust to have a baby, househusband his mom through her recovery and enjoy a week of the Oregon Country Fair, my brain has been ruminating over just this issue. Seems a developer is the way to go. This way the wheel of civic protocol, state land use ordinances, and funding contacts need not be reinvented. Yet doing it ourselves is so darn appealing and empowering. There is a model that could be adapted--community development corportations (CDC). Here in eugene we have one, Neighborhood economic deveolpment corporation (NEDCO), which has a paid staff and director and a passle of vollunteers and interns as well as a board with key community people and residents of various housing projects. while the focus of this group now is low-income housing purchase programs, the direction could just as easily be broadened to middle income or more upscale developments such as the majority of the COHO represent. As a non for profit organization funds recouped from the upscale projects could be diverted into more modest ones within the grasp of the piss poor. The projects could even be transition low-income rental, limited equity COHOs like East Blair where I live, orthe profits could subsidize low-income families in each COHO develoment. This organization could be national or international quite like habitat for humanity. Interested? Michael Omogrosso East Blair Housing Cooperative 864 W. 4th Ave. #3, Eugene, Oregon 97402, USA omo [at] darkwing.uoregon.edu 541-344-8444 photographer, community land trust advocate
community development corporations Michael Omogrosso, July 18 1996
- RE: community development corporations Rob Sandelin (Exchange), July 18 1996
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