Raport CCWBE

90%

• With hiring of Managing Director of the Trust being delayed for funding, emphasis is being placed on training and development of Owner Services Specialist to provide strong administrative support, along with Executive Director and Finance Manager at Voice as fiscal agent. He is someone with lived experience in homelessness, who is mastering research on database and mapping, that is key to future community/member outreach efforts, attending meetings of local/citywide allies and ecosystem service providers, and is learning the issues of asset managers, property managers and resident services providers -- whose focus is on preservation and innovative strategies, like CLTs. • With vacancies on the Trust’s founding board anticipated for age and infirmity of two of the directors, the Voice board made recommendations of two leaders to fill slots in advance of By-Laws amendments and changes anticipated in the new year.

90%

• With about 80% of committed City grant funds still outstanding, and the need to meet with DPD officials on challenges of vouchering for start-up organizations (not acquisition and development projects), the organization has adjusted expectation of member benefit breakthroughs, except in the area of property tax relief, where the organization has advanced training to owners, demonstrated how appeals can yield better results with social cost appeals, and actually won approval for tax exempt status on properties slated for Trust – being realized gradually through year end with certifications and refunds. • During the month, Voice met and provided technical assistance services with LUCHA officials on social cost appeals, a key benefit and perhaps precursor to membership outreach

80%

• As reported in September, Voice decided to seek an alternative lender or CDFI to be fiscal sponsor of the Dovie Thurman Affordable Housing Trust and three pilot properties slated for it. With that has come delays to the Education, Outreach & Marketing efforts – raising awareness of this kind of CLT strategy and pitching the prospect of membership to affordable housing owners. Fortunately, this adjustment and plans to develop RFP for potential new sponsors coincided with onset of technical assistance from Ownership Initiatives, with exchanges of calls, correspondence and marketing documents leading up to COLT Activation Plan Presentations December 4th.

NIE

Obydwa

NIE

0

0

17

6

• Spowolnienie finansowania ze środków dotacji miasta Chicago ograniczyło nasze wewnętrzne możliwości realizacji celów Dovie Trust tak szybko, jak planowano, ale wynika to jedynie z braku czasu popartego przychodami. Jednak postępy są widoczne co miesiąc i osiągnęliśmy większość naszych realistycznych celów, biorąc pod uwagę to ograniczenie. Nieoczekiwana nowa strategia identyfikacji pożyczkodawcy/CDFI/sponsora fiskalnego dla Trust jest postrzegana mniej jako bariera lub ograniczenie postępu, a bardziej jako okazja do pozyskania partnera instytucjonalnego, który może zwiększyć potencjał organizacyjny w przyszłości.

The slow down of funding from City of Chicago grant resources has limited our internal capacity to advance objectives for the Dovie Trust as fast as planned, but this is only for lack of time backed by revenues. However, progress is happening every month and we have achieved most of our realistic objectives considering this limitation. The unexpected new strategy for identifying a lender/CDFI/fiscal sponsor for the Trust is seen less as a barrier or limitation to progress, and more as opportunity to enlist an institutional partner that can enhance organizational capacity going forward.