CRSP

HOUSINGTHE ORGANIZATION PURCHASED A 40 UNIT APARTMENT BUILDING IN MAY 1996 IN THE LOW INCOME NEIGHBORHOOD THAT IT SERVES. THE BUILDING IS A CENTERPIECE IN THE AREA TO EDUCATE AND TRAIN RESIDENTS, THE NEIGHBORHOOD AND THE GENERAL PUBLIC ABOUT ALL KINDS OF COOPERATIVE DEVELOPMENT, PARTICULARLY ECOLOGICAL HOUSING CONVERSION TO PERMANENT AFFORDABILITY AND SUSTAINABLE COOPERATIVE URBAN LIVING.A SECOND EIGHT UNIT APARTMENT BUILDING PURCHASED IN JANUARY 1999 EXPANDS THE PROGRAM.ON JULY 5, 2012, THESE BUILDINGS WERE SOLD BY CRSP TO URBAN SOIL/TIERRA URBANA (USTU), A CALIFORNIA PUBLIC BENEFIT CORPORATION. USTU RECEIVED ITS 501C(3) TAX EXEMPT STATUS IN SEPTEMBER 2014. THE LAND ON WHICH THE BUILDINGS SIT WAS DONATED BY CRSP TO THE BEVERLY-VERMONT COMMUNITY LAND TRUST (BVCLT), A 501C(3) ORGANIZATION.CRSP, USTU AND THE BVCLT ARE COMMITTED TO PROVIDING PERMANENTLY AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS CONSISTENT WITH THEIR MUTUAL PUBLIC INTEREST PURPOSES.IN ADDITION TO HOUSEHOLDS IN THE BUILDINGS AND NEIGHBORHOOD, AN ESTIMATED 200,000 PEOPLE HAVE BEEN EXPOSED TO, AND/OR DIRECTLY BENEFITTED FROM EDUCATION AND TRAINING IN HOW TO COOPERATIVELY AND SUSTAINABLY DEVELOP, MAINTAIN AND MANAGE NEIGHBORHOOD PROPERTY AND DIFFERENT KINDS OF CO-OPS, AND PRACTICE MORE SUSTAINABLE URBAN LIVING PATTERNS.CRSP CLOSED ESCROW ON A THIRD APARTMENT BUILDING AT 140 BIMINI IN 2011. THIS BUILDING HAS FIVE UNITS. CRSP WAS A JOINT 50-50 OWNER ON THE PROPERTY WITH BVCLT, A 501C(3) ORGANIZATION WHOSE MISSION IS TO PRESERVE AND PROVIDE LONG TERM RESIDENT CONTROLLED AFFORDABLE HOUSING TO LOWER INCOME HOUSEHOLDS. CRSP PROVIDED THE FUNDS TO ACQUIRE THIS PROPERTY IN 2012, AND SOLD ITS UNAPPRECIATED FINANCIAL OWNERSHIP STAKE TO BVCLT IN OCTOBER 2016 WHEN BVCLT WAS ABLE TO GET A MORTGAGE ON THE PROPERTY.THE PROPERTY AT 140 BIMINI WAS TRANSFERRED TO BVCLT IN OCTOBER 2016 IN A TRANSACTION THAT INCLUDED CRSP'S PURCHASE OF THE PARCEL AT 3554/3560 WEST 1ST STREET AND THE CANCELLATION OF PRIOR CRSP DEBT INCURRED BY BVCLT IN JULY 2012. THIS TRANSACTION RESULTED IN AN ADDITIONAL NON-CASH CONTRIBUTION BY CRSP TO BVCLT, REPRESENTING THE DIFFERENCE BETWEEN THE PURCHASE PRICE AND CRSP'S BASIS IN THE PROPERTY (PURCHASE PRICE, IMPROVEMENTS, DEPRECIATION RECAPTURE, LOAN BALANCE, AND DEFERRED INTEREST PAYABLE TO CRSP AT THE TIME OF THE TRANSACTION).

ECO-RETROFITTING OF FORMER AUTO SHOP AT 3554-3560 W. 1ST STREET TO BE AN ECOVILLAGE COMMUNITY HUBA. PHYTO/MYCO REMEDIATION RESEARCH ON THE FORMER AUTO SHOP PROPERTY. IN LATE 2021 WE REMOVED APPROXIMATELY 4,000 SQUARE FEET OF ASPHALT IN PREPARATION FOR THE 2022-2023 RESEARCH PROJECT IN CONJUNCTION WITH A PHD CANDIDATE FROM UC RIVERSIDE'S DEPARTMENT OF ENVIRONMENTAL TOXICOLOGY TO DETERMINE HOW EFFECTIVE OYSTER MYCELIUM AND VARIOUS VARIETIES OF NATIVE SEEDS WOULD BE IN REMOVING THE TOXINS FROM THE SOIL. ONE HUNDRED FOURTY-FOUR 4 SQUARE FOOT PLOTS WERE PRE-TESTED AND RETESTED THROUGHOUT 2022 TO DETERMINE HOW EFFECTIVELY THE TOXINS WERE TAKEN UP BY THE MYCELIUM AND NATIVE PLANTS. THIS WORK WILL BE CONTINUING INTO 2023-2024. THE METHODS AND GUIDELINES WILL BE PUBLISHED IN A MANUAL TO HELP OTHER NEIGHBORHOOD GROUPS REMEDIATE THEIR TOXIC SOILS. THIS WORK IS ALSO BEING DONE IN COLLABORATION WITH THE CITY OF LOS ANGELESB. RE:CICLOS PROJECTIN 2022, CRSP BECAME THE FISCAL UMBRELLA FOR THE RE:CICLOS PROJECT, LOCATED IN THE FORMER AUTO SHOP, NOW KNOWN AS THE LA ECOVILLAGE COMMUNITY HUB.. RE:CICLOS RECYCLES DISCARDED BICYCLES AND SCRAP METAL TO REDESIGN AND REFABRICATE THEM INTO CARGO BICYCLES THAT ARE PAINTED BY LOCAL ARTISTS AND REDISTRIBUTED TO COMMUNITY MEMBERS, BUSINESSES OR ORGANIZATIONS TO UTILIZE THEM IN THEIR DAILY LIVES IN COMBATING GREENHOUSE GAS EMISSIONS AND STRUCTURAL RACISM. WE WORK TO CONTRIBUTE TO A MORE PEACEFUL, HEALTHY, ECOLOGICAL AND FUN LOS ANGELES WHILE ENGAGING YOUNG ADULTS FROM LOCAL EDUCATIONAL INSTITUTIONS IN AN APPRENTICE PROGRAM ACTUATING WORKFORCE DEVELOPMENT AND YOUTH EMPOWERMENT. THEY PLAN TO APPLY FOR THEIR OWN 501.C.3 STATUS IN 2024.C. OFFICE AND VENUE SPACE FOR COMMUNITY ACTIVITIES.BOTH AN INDOOR AND OUTDOOR COMMUNITY SPACE HAS BEEN DEVELOPED ON THE FORMER AUTO SHOP PROPERTY FOR EDUCATIONAL TOUR GROUPS, WORKSHOPS, PUBLIC TALKS, AND COMMUNITY MEETINGS IN FURTHERANCE OF THE ORGANIZATION'S PUBLIC INTEREST PURPOSES. THERE IS ALSO SPACE BEING DEVELOPED THERE FOR OUR NONPROFIT OFFICE AND SPECIALIZED LIBRARY ON ALL ASPECTS OF COOPERATIVES, COMMUNITIES IN THE CONTEXT OF URBAN SUSTAINABILITY.