CCWBE Report

Organization:
La Villita Housing Cooperative
Reporting Period:
Dec 2024
Submitted on:
December 31, 2024
Submitted By:
Robin Semer

Pre-Development Projects

Project Goals

What proportion of Goal 1 overall is complete at this point?

60%

What are the barriers and opportunities for completion that impacted goal 1 in the last month?

We have advanced on our community education materials. We still need to add them to our website and increase our social media presence. This is a goal for the month of January. We have advanced on creating the application for membership in the cooperative and should begin distribution in January. WE need to review our bylaws in light of our grant opportunities and make sure their are no conflicts to resolve.

What proportion of Goal 2 overall is complete at this point?

40%

What are the barriers and opportunities for completion that you impacted goal 2 in the last month?

We have continued to look at buildings, while we would still like to buy the building located at 3125 W Cermak. The holdup continues to be that the owner does not want to sign a contract with us until we have proof of financing, and the Chicago Community Loan Fund wants us to have site control before they commit to financing. Therefore, we remain in a chicken and the egg situation, going around in circles. Additionally, the owner of 3125 W Cermak has found a tenant for the storefront but he needs to put tens of thousands of dollars into the building to make it ready for the tenant and says that he will be raising the selling price by about 150K. Other progress has been discussions with TRP about individual SEIP grants, including changes to our bylaws to reflect impacts due to grants.

What proportion of Goal 3 overall is complete at this point?

10%

What are the barriers and opportunities for completion that you impacted goal 3 in the last month?

We continue to have the SEIP grant opportunities and are still trying to make that a reality. We need a purchase agreement to continue with next steps.

CWB Ecosystem

Did you access Technical Assistance for your CWB project last month?

Yes

Which TA provider(s) did you work with within the Phase I CWEB grantees?

TA Provider Hours Spent Satisfaction

Urban Homesteading Assistance Board (UHAB)

3

Very satisfied

The Resurrection Project

1

Very satisfied

Chicago Community Loan Fund

2

Very satisfied

Center for Urban Economic Development (CUED)

2

Very satisfied

Which TA providers did you work with OUTSIDE of the Phase I CWEB grantees?

TA Provider Hours Spent Satisfaction

Chicago Rehab Network

16

Very satisfied

Soto Accounting

1

Very satisfied

Did someone from your organization attend the Working Group this month?

No

How would you rate the usefulness of the working group to your project last month? (on a scale of 1-5)

How would you rate the usefulness of the Working Group for building community?

What have been the two most valuable contributions of the Working Group this month?

Please share any comments about the working group meetings.

How many TOTAL housing units did you preserve or create last month? (it is okay if the answer is zero)

0

How many TOTAL CWB businesses did you develop last month? (it is okay if the answer is zero)

0

Community Engagement

Number of stakeholder meetings held related to your Pre-Development Project?

4

Number of community meetings attended last month related to your Pre-Development Project?

0

Organizational Capacity

Service / Capacity

Service Capacity

Accounting & Financial Management

4

Advocacy

4

Conflict Resolution

2

Cooperative Development and Operations

4

Education & Training

4

Fundraising or Raising Capital

3 some ability

Governance / Legal

3 some ability

Marketing & Communications

3 some ability

Other

N/A

Project Management

4

Real Estate Acquisition & Development

3 some ability

Relationship Building

4

Research

4

Other (please describe and include ranking)

What constraints or limitations with internal capacity is the organizarion experiencing related to its Pre-Development Project?

We have a lot of work for the number of people who do the nitty-gritty.

What opportunities, if any, did the organization take advantage of related to its Pre-Development Project?

Many. Especially meeting lots of new people and organizations, exchanging ideas and resources, and learning more all the time.

Optional Space

Please use this space to elaborate, contextualize, or add any additional info about the details submitted in your report: