Just because we feel like it's the right thing to do, we have created Mil Abrazos (a Thousand Hugs), a non-profit Community Land Trust, to purchase the property.
We incorporated with the State of New Mexico last week and are now preparing to file for our 501(c)3 status.
What is a community land
trust (CLT)?
CLT's are nonprofit organization—governed by a board of CLT residents, community residents and public representatives—that provide lasting community assets and permanently affordable housing opportunities for families and communities. CLTs develop rural and urban agriculture projects, commercial spaces to serve local communities, affordable rental and cooperative housing projects, and conserve land or urban green spaces. However, the heart of their work is the creation of homes that remain permanently affordable, providing successful homeownership opportunities for generations of lower income families.
CLT's are nonprofit organization—governed by a board of CLT residents, community residents and public representatives—that provide lasting community assets and permanently affordable housing opportunities for families and communities. CLTs develop rural and urban agriculture projects, commercial spaces to serve local communities, affordable rental and cooperative housing projects, and conserve land or urban green spaces. However, the heart of their work is the creation of homes that remain permanently affordable, providing successful homeownership opportunities for generations of lower income families.
Mil Abrazos Community Land Trust purpose
1. To acquire and hold land in trust in order to provide for permanently affordable housing. Homes will be built and lands will be used in an environmentally sensitive and socially responsible manner.
2. To provide permanently affordable access to land for such purposes as quality housing, sustainable agriculture, cottage industries and co-operatives
by forever removing the land from the speculative market.
3. To develop and exercise responsible and ecological practices, which preserve, protect and enhance the land’s natural attributes.
4. To serve as a model in land stewardship and community development by providing information, resources and expertise.
RAISING THE CAPITAL to Purchase the Property
Later this month, we will be launching an Indiegogo fundraising campaign to raise the capital (goal $400K) to purchase the property. Our Indiegogo video is almost finished and we are now creating the Perks for the campaign.
PERKS
Perks are benefits that you can offer in exchange for contributions to our campaign. We are looking for unusual donations to add to our list of perks.
Do you have anything valuable to donate? If you do, please let us know ASAP.
