CCWBE Report

Organization:
TRUDelta / The K
Reporting Period:
Jun 2024
Submitted on:
July 28, 2024
Submitted By:
Christyn Freemon

Pre-Development Projects

Project Goals

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

70%

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

Barriers: contruction timeline modified due to delay in securing an anchor tenant. This delayed meeting architectural rendering deadlines, for the phasses of the completion. Opportunities included the execution of the 2nd wealth building ednesday focused on EDP practioners

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

70%

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

Adivosry committee list revised, steering committee list revised to include those who participate in stakeholder wealth building wednesday

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

50%

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

Barriers: Financial model may need to be modified based on increases to development budget; which are contingent upon funding that may increased assumed labor costs; financial modelrer is on standby to update the model based on new inputs. Additionally we may not have to pay an attorney for the legal support so we would like to consider reallocatioin of those line items.

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

Capital for Communities, LLC

3

Very satisfied

Democracy at Work Institute

3

Very satisfied

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

TA Provider Hours Spent Satisfaction

Mark Simon (Attorney from Katten)

2

Somewhat satisfied

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

Yes

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

Somewhat useful

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

Somewhat useful

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

Knowledge
Community Building

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)

1

Community Engagement

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

1

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

3

Organizational Capacity

Service / Capacity

Service Capacity

Accounting & Financial Management

3 some ability

Advocacy

4

Conflict Resolution

3 some ability

Cooperative Development and Operations

3 some ability

Education & Training

5 extensive ability

Fundraising or Raising Capital

4

Governance / Legal

4

Marketing & Communications

4

Other

N/A

Project Management

4

Real Estate Acquisition & Development

4

Relationship Building

4

Research

3 some ability

Other (please describe and include ranking)

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

Up front funding; also funders are wiling to support Fawohodie (which is a tenant of the K, co-founded by the principles of TRUdelta and Project Forward), as opposed to TRUDelta.

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

New funder introductions and meetings, introductino to Bisnow for potential inclusion in panel

Optional Space

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