2015 Annual Report - Kittitas-Yakima Valley Community Land Trust

Transcription

2015 Annual Report - Kittitas-Yakima Valley Community Land Trust
2008-2010
Founder Bruce Tabb
reports to the Yakima
County Homeless
Network on the
community land
trust model. The
committee authorizes
a steering committee
to be formed and
creates Yakima Valley
Community Land Trust.
2010
Bylaws written and
approved; articles
of incorporation are
filed; 501(c)3 status is
approved.
2012
Yakima Valley
Community Land Trust
D.B.A. Kittitas Yakima
Valley Community
Land Trust.
Kittitas County awards
KYVCLT a $90,000
Homeless Housing
Program Grant.
Nine-member board of
directors is formed and
first executive director
hired.
Branding and logo
artwork designed.
Promotion of KYVCLT
begins with numerous
community groups.
The Kittitas Yakima
Valley Community Land
Trust is a local nonprofit
organization whose
mission is to obtain land
and build affordable
homes for today’s working
families as well as for
future generations.
City of Ellensburg
agrees to provide 2.85
acres at Water Street
and Bender Road to
KYVCLT for construction
of 13 affordable homes.
We do this by assisting
potential homeowners
through the mortgage
process and obtaining
grants and other
resources to ensure a
reasonably priced home.
2013
Second $90,000
Homeless Housing
Program Grant from
Kittitas County.
Private investor loans
$35,000 to purchase
vacant lot at 609 & 611
South Ruby Street.
The land remains
within the Trust, further
bringing down the cost
of the house, while
the homebuyer builds
equity and has a safe,
stable place to live. At
resale, the home will
go to another buyer
who meets the income
standards, thus assuring
affordable housing here
in Ellensburg for years to
come.
Private investor loans
$135,000 for housing
development and
construction at Ruby
Street site.
Launch of financial
education program,
“Key Steps to
Homeownership,” 10
hours of free required
classes. First class
serves 12 interested
homebuyers.
KITTITAS YAKIMA VALLEY
COM M U N I T Y
L AN D T RU S T
518 N. Pine St.,
Suite 102
Ellensburg, WA 98926
www.kyvlandtrust.org
(509) 962-5891
Unlocking the doors to affordable homeownership
What is a
community
land trust?
Foundations [a look to the past]
Your
community
land trust
Past, present & future
2014
Framing [a look at the present]
Sold our first CLT home
to a couple who stated,
“We have proved the
naysayers wrong!”
Began construction on
our second home.
Placed three families on
our homebuyer waitlist.
Taught seven
financial education
classes, “Key Steps to
Homeownership,” and
served 33 individuals.
Delivered nine
presentations to local
community groups,
reaching more than 100
people.
Recruited 16 new
volunteers.
Recipient of six grant
awards totaling $112,000:
• $90,000 Homelessness
& Housing Grant from
Kittitas County
• $15,000 Community
Frameworks SelfHelp Homeownership
Opportunity Grant
• $5,000 Wells Fargo
Foundation Grant
• $2,000 Umpqua Bank
Charitable Foundation
Community Giving
Program
Received in-kind
donations totaling $6,800.
Foundations fundraising
campaign acquired
$21,770 in donations.
A private investor
loaned KYVCLT $170,000
for construction and
development of the two
South Ruby Street homes.
Recruited six volunteers
for a Marketing and
Communication
Committee to plan
promotional efforts.
Recruited a volunteer
administrative assistant
to handle office duties
and work on fundraising
efforts.
Collaborated with
volunteer graphic
designer and volunteer
videographer to create a
crowdfunding video.
Partnered with the City of
Ellensburg to apply for a
Community Development
Block Grant. The city was
awarded $325,000 for
the extension of Water
Street past Bender Road
and utility service for 13
KYVCLT affordable homes
in the planning stages.
Second executive director
is hired. Former executive
director transitions to
board of directors.
2015
First CLT home on South Ruby Street
Raising the
roof [a look
to the future]
Half of current board retires and new members join,
including homeowner/homebuyer member positions.
Philanthropy Council formed with active and widereaching fundraising underway.
Completion of second affordable home on Ruby Street by
April, with homebuyers move-in expected in May.
Private investors and grant funding needed for Water
Street housing development.
Groundbreaking for Phase 1 (six to seven homes) at
the Water Street property anticipated mid- to late
summer, with move-in expected in December.
Recruitment of 14 mortgage prequalified/approved
homebuyers, who may also qualify for down payment
assistance savings accounts.
Negotiation and collaboration on numerous
property/partnership opportunities in Upper and
Lower Kittitas County, as well as Yakima County.