Creating self-sufficiency for Limited Equity Housing Cooperative owners

Abstract

As stated in the thesis project, "The purpose of this report is to document my experiences in preparing a plan that uses a Community Economic Development (CED) strategy for preserving and sustaining Limited Equity Housing Cooperatives (LEHC) as affordable housing for low-income people in the District of Columbia.

It covers the following topics: - The Project Description describes how the project was designed - Background provides information about conditions that produced the problem addressed by this project - The Problem Statement gives a succinct definition of the problem and potential consequences - The Goal Statement offers the solution identified by the project - Statement of Objectives spells out the steps taken to accomplish the goal - Output Expectations and Input Expectations lists, planned activities and results - Problems Facing LEHC expresses the current status of LEHC - Lesson Learned provides evaluation of the lessons drawn from assessment of the project - Next Steps identifies future direction - Conclusion summarizes value and benefits of project

In developing this project, the CED Program's course work gave me focus, clarification and direction. The majority of my classes applied directly to this project.

Even though this report is a product of sixteen months of intense study of Community Economic Development, it represent only a fraction of the vast amount of knowledge and confidence I have gained from my participation in this program. It is my hope that this report will be useful to others who may be confronted with similar issues and concerns.

This project was designed as a course of action to help ameliorate the harmful impact of government cut backs of affordable housing subsidies. It outlines a plan for creating an income generating business for subsidy dependent owners of Limited Equity Housing Cooperatives. This plan had two-phases to it: - Phase I - Research and design - Phase II - Funding and Implementation.

This report summarizes my efforts in developing the first phase of this project. The core of the plan is captured in the attached business plan and funding inquiry." (Library-derived description)