August 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 28th all-member meeting, hosted at the The Invisible Dog Art Center, we presented our proposals for a legal entity and governance structure (see full presentation here). The legal entity structure proposal is informed by research conducted by the Fordham Law School Clinic in the spring. We propose to form a Member-Controlled Not for Profit Corporation with special purpose entity Limited Liability Company subsidiaries. Our reasons for going with this structure are explained here. You can view and comment on the REIC's proposed legal structure right now by clicking here.
During the all-member meeting, the Steering Committee also presented on our proposed governance model, to accompany the legal entity structure. Our proposed key governance elements are:
An elected board of 10-25 members
Representing different areas of the city, critical skills and the membership at large
Serving 2 year terms
An executive committee composed of 5 members
Officers and committees TBD
Please review our presentation slides here, and write to us at email@example.com with any questions or comments. Let us know:
Do the governance design principles adequately balance membership, community and the real estate market?
Does the investment process adequately integrate community and member input?
Based on your comments, the Governance and Steering Committees will refine the governance model and work with our legal advisors to draft bylaws that are consistent with the revised proposal. This way we will be ready to come to consensus and start turning our proposals into actions by our next Quarterly All-Member Meeting in October.
We are on our way! Please write us at firstname.lastname@example.org with any questions or comments. Plug in to the process of forming our investment cooperative by attending our open meetings, posted on the NYC REIC calendar, and other upcoming WG meetings.
Scoping Workgroup Update
The Scoping Workgroup is nearly finished in its work 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 say YES to others.
The latest draft of our criteria is here and we continue to refine it with in-person meetings and online editing sessions. Let us know:
- Do these scoping criteria adequately reflect the your vision of the REIC?
If you want to get involved, contact: email@example.com
REIC University Update
In July, REIC U hosted a film screening and discussion of the documentary Rerooting the Motor City: Notes on a City in Transformation in collaboration with its producers, Paper Tiger Television. The film explores Detroit’s radical history, philosophy, and the ongoing collective efforts to create community control of space and development. After the film, attendees created ‘problem trees,’ exploring core challenges the film raised, their roots, tactics to address them, and outcomes of these tactics.
In the coming months, REIC U will continue hosting film screenings and panel discussions. The committee will return to organizing a training for REIC members regarding cooperative membership and community engagement, creating an official Wikipedia page, maintaining an up-to-date and centrally organized series of presentations and printed materials to educate new members on the status of the REIC, creating blog posts about other cooperative real estate ventures and more.
Join REIC U: Email: firstname.lastname@example.org
CORB: Community Outreach & Relationship Building
The former PBIG: Public Buildings Inventory Group seeks new members with great community organizing skills. We are looking for someone 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 currently planning our next meeting, and you can always contact us at: nycreic–email@example.com to get involved.
Arts & Media Committee Update
Post! PLEASE post to the REIC blog! Contact Leland at firstname.lastname@example.org to post on a topic specific to your workgroup or anything else related to the REIC
Join! Please contact Mark Read at email@example.com if you are interested in joining the Newsletter Team! We need people who can write, edit and design in Mailchimp.
Join our mailing list for updates!