Mangyaring magbigay ng maikling update sa iyong pag-unlad patungo sa iyong mga iminungkahing layunin sa CWB sa huling panahon ng pag-uulat:
During this reporting period, The Resurrection Project (TRP) has been able to convene with our CCWB network partners, community stakeholders, cooperative housing members, existing cooperatives, and consulting as we furthered defined our scope of work and began to plan activities toward our proposed CWB goals. An important milestone was met in September when we hired Ray Arroyo as the Program Manager for Housing Cooperatives. We feel positive about the progress we have made toward our goals, which include the development of a housing cooperative share loan product and building a pipeline of buyer-ready cooperative candidates.
Anong mga hadlang o limitasyon, kung mayroon man, ang naranasan mo sa huling panahon ng pag-uulat?
One major challenge we have identified is the lack of share loans and share loan resources in Chicago for cooperative buyers. Not only is there a lack of share loan lending, there are few people, organizations, and institutions that have expertise on the topic. To address this challenge, we have been resourceful and persistent in our search for information. We have tapped into the housing cooperative network, identifying key relationships and resources along the way. Additionally, the trend we have identified is the need for financial wellness education for prospective cooperative buyers. Folks are struggling to manage their income and need financial stabilization. Many interested folks also have zero to low percentage of credit history, which prevents them from accessing lending products. Ineligibility because of legal status is also another big barrier for folks who are undocumented or have not received their ITIN numbers or work permits. There is also a lack of community level resources for housing cooperatives, such as. These resources are grants, and supporting programs that can help address the financial challenges faced by potential cooperative housing participants.
Anong mga pagkakataon, kung mayroon man, ang iyong sinamantala sa huling panahon ng pag-uulat?
We attended the launch gathering to meet our partners and collaborators in our network. We have also met with partners, including PIHCO, Fresh-Start, UHAB, and CWBE partner leads. We have also engaged with community partners and professionals who are experienced and knowledgeable in cooperative housing, including staff from CCLF. This engagement involved discussions, sharing of insights, and exploring potential collaboration opportunities. Finally, we are in the process of finalizing TRP’s HUD Community Project Funding grant, which awarded $1M to TRP for share loan capital and $1M to PIHCO for building acquisition. We look forward to executing that contract and incorporating those grant activities into our housing cooperative initiative.
Nagtatag ka ba ng mga bagong relasyon/pagkakasosyo sa CWB sa huling panahon ng pag-uulat?
Oo
Pakilarawan ang mga relasyong itinatag mo na nauukol sa iyong trabaho sa CWB.
TRP has been expanding its network and engaging with various organizations, consultants, and partners in cooperative housing. Here is a breakdown of the connections and interactions pertaining to our CWB work: With our headquarters in Pilsen, TRP has been in relationship with PIHCO for many years, including a recent grant collaboration where TRP and PIHCO were awarded a $2M HUD Community Project Funding (CPF) grant. More recently, We met with PIHCO representatives for cooperative housing resources, advance our plan to develop share loans, and finalize our CPF grant. We have also established communication and networking with Sol House. This is may be another organization or entity with relevance significance to the cooperative housing field, and TRP is actively engaging and establishing 'communicationand networking with Sol House. This is another orgaanization with significance to the cooperative housing field, and trp is actively engagning and establish working relations with Sol House. TRP also consulted with Upside Down consulting for more information regarding policy and sharing tenant bylaws examples used in the city. TRP has also received various referrals from other partners and has established a contact base and check in with them. Additionally, we are working hard to activate other established relationships with housing cooperative players, including CCLF (David Feinberg), UHAB, Center for Shared Ownership, Chicago Rehab Network (Rachel Johnston), Shared Capital Cooperative (Mark Fick), and the Little Village Cooperative (Robin Semer), among others.
Nakipagtulungan ka ba sa ibang mga tagapagbigay ng TA sa huling panahon ng pag-uulat?
Oo
Aling (mga) tagapagbigay ng TA ang nakatrabaho mo?
David Feinberg, CCLF TA provider
Mangyaring ibahagi sa ngalan kung kanino / aling mga proyekto ang iyong nakipagtulungan sa mga tagapagbigay ng TA sa itaas:
TRP consulted with David regarding lending resource knowledge, guidance and connections to other key partners who will support us in identifying and formalizing a share loan product.
Dumalo ka ba sa pulong ng Working Group noong nakaraang buwan?
Oo
Paano mo ire-rate ang pagiging kapaki-pakinabang ng working group sa iyong proyekto noong nakaraang buwan? (sa sukat na 1-5)
5 lubhang kapaki-pakinabang
Opsyonal na Space
Pagkakakilanlan ng kasarian ng mga Kalahok (piliin ang lahat ng naaangkop)
Saklaw ng Edad ng mga Kalahok (piliin ang lahat ng naaangkop)
Ilang session ng one-on-one na pagkonsulta sa Limited Equity Housing Cooperatives (LEHCs) ang iyong isinagawa nitong panahon ng pag-uulat? (hal. isang grupo o indibidwal na may isang tagapagbigay ng pagsasanay)?
1
Ilang grupong workshop para sa Limited Equity Housing Cooperatives ang inyong isinagawa nitong panahon ng pag-uulat? (hal. pagpupulong, workshop, kaganapan, atbp.) 
3
Ilang oras ng suporta sa CWB Pre-Development Limited Equity Housing Cooperatives ang ibinigay mo sa panahon ng pag-uulat na ito?
3
Ilang oras ng suporta sa umiiral na Limited Equity Housing Cooperatives ang ibinigay mo sa panahon ng pag-uulat na ito?
4
Pakilista ang mga LEHC na ginawa mo sa panahon ng pag-uulat na ito.
Anong (mga) uri ng Teknikal na Tulong ang ibinigay mo sa mga LEHC ngayong panahon ng pag-uulat? Piliin ang lahat ng naaangkop.
Bilang ng AFFORDABLE housing unit na napreserba o binuo sa panahong ito
0
Bilang ng AFFORDABLE housing units na idinagdag sa pipeline sa panahong ito
0
Nagbigay ka ba ng edukasyon sa alinmang LEHC sa panahong ito ng pag-uulat?
Hindi
Ano ang pinakamalaking pangangailangan na ipinahayag ng iyong mga kliyente/kasosyo sa LEHC sa panahon ng pag-uulat na ito?
Readily accessible loan products.
Ano ang pinakamalaking gaps sa serbisyo o mapagkukunan sa CWB ecosystem ng Chicago?
he need for readily accessible share loan products, and affordability challenges faced by prospective housing cooperative buyers and Access to housing cooperative share loans and prequalification due to poor to no credit history and immigration status. Additionally, there are few individuals and lenders who have knowledge in this area.
Mangyaring magbahagi ng anumang direktang testimonial mula sa mga kliyente ng LEHC o pagkukuwento tungkol sa epekto ng iyong trabaho sa panahong ito:
When TRP started thinking about housing cooperatives more than three years ago, we understood there was a need for share loans in Chicago and we thought there was a role for TRP as a CDFI. Today, as we dive into this work more deeply, the need for share loans is felt even more acutely. We heard this from partners at CCLF who provide housing cooperative umbrella loans, but not individual share loans. We heard it from housing cooperative organizers at PIHCO and La Villita Housing Cooperative who are working with low-income residents, many of whom are immigrants. And we heard it from housing cooperative experts at UHAB, Shared Capital Cooperative, and Center for Shared Ownership who have long recognized this gap in the housing cooperative ecosystem. We are happy to be working in this space and look forward to developing as needed loan product. With 33 years of experience providing homeownership and financial education, TRP is excited to contribute to the coop ecosystem.
Mangyaring mag-upload ng media (dokumento na may mga testimonial, larawan, o mga link ng video) mula sa mga workshop o kaganapan ng LEHC na ginanap.
