<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">That sounds great Shiri, thank you and let me know if I can help! Looking forwards to reading it.<br><br><div dir="ltr"><i>Sent from a mobile device</i></div><div dir="ltr"><br><blockquote type="cite">On 30 Oct 2023, at 17:39, Shiri Shalmy <shiri.shalmy@gmail.com> wrote:<br><br></blockquote></div><blockquote type="cite"><div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif">Hi all</div><div class="gmail_default" style="font-family:verdana,sans-serif"><br></div><div class="gmail_default" style="font-family:verdana,sans-serif">I actually worked on an edit of Tony's document (uncannily similar in structure to yours, Herta, but still different), which we were waiting for MAJ members to approve before sharing with you. This has taken longer than planned because of everyone's other commitments and some building work (a new roof!) that demanded urgent attention. </div><div class="gmail_default" style="font-family:verdana,sans-serif">So we now, confusingly, have two versions... </div><div class="gmail_default" style="font-family:verdana,sans-serif"><br></div><div class="gmail_default" style="font-family:verdana,sans-serif">MAJ could hopefully discuss this at the meeting this week and I will then be able to share with you our latest version (Herta I will hopefully have time to incorporate some of your suggestions, too). </div><div class="gmail_default" style="font-family:verdana,sans-serif">Once all approved and agreed, I am happy to put a final version into a presentable document.</div><div class="gmail_default" style="font-family:verdana,sans-serif"><br></div><div class="gmail_default" style="font-family:verdana,sans-serif">Apologies for the confusion,</div><div class="gmail_default" style="font-family:verdana,sans-serif">shiri</div><div class="gmail_default" style="font-family:verdana,sans-serif"><br></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><font face="tahoma, sans-serif">Shiri Shalmy<br><br>07929 252724<br></font></div><div><a href="https://twitter.com/ShiriShalmy" style="font-family:arial,helvetica,sans-serif;font-size:12.8px" target="_blank">@ShiriShalmy</a><span style="color:rgb(0,0,0);font-family:arial,helvetica,sans-serif;font-size:12.8px"> </span><font face="tahoma, sans-serif" style="background-color:rgb(255,255,255)"><br></font></div><div><span style="color:rgb(0,0,0);font-family:arial,helvetica,sans-serif;font-size:12.8px"><br></span></div><div><font color="#000000"><span style="font-family:arial,helvetica,sans-serif"><a href="https://www.cooperation.town" target="_blank">Cooperation Town</a></span><span style="font-family:arial,helvetica,sans-serif"> </span></font><span style="color:rgb(0,0,0);font-family:arial,helvetica,sans-serif">// </span><font color="#000000"><a href="http://www.antiuniversity.org/" style="font-family:arial,helvetica,sans-serif" target="_blank">Antiuniversity Now</a><span style="font-family:arial,helvetica,sans-serif"> // </span></font><a href="http://www.cargocollective.com/shirishalmy" target="_blank"><font face="arial, helvetica, sans-serif">C</font>uratorial work</a></div><div><font color="#000000"><span style="font-family:arial,helvetica,sans-serif">I am a member of the <a href="https://www.bfawu.org" target="_blank">Bakers, Food and Allied Workers Union</a>, of <a href="https://londonrentersunion.org" target="_blank">London Renters Union</a> and of the <a href="https://credit-union.coop" target="_blank">London Capital Credit Union</a>. </span></font><span style="font-family:arial,helvetica,sans-serif;color:rgb(0,0,0)">Join a union today.</span></div><div><font style="font-size:12.8px;background-color:rgb(255,255,255)" color="#000000" face="arial, helvetica, sans-serif"> </font><br></div><div><br></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, 30 Oct 2023 at 11:47, Herta Gatter <herta.g@ldn.cash> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-style:solid;border-left-color:rgb(204,204,204);padding-left:1ex"><div style="line-break:after-white-space">Hi Shiri and Tony,<div><div><br></div><div>Another apology from me for the belated comments on your draft document - thank you so much again for writing this and for coming up with the idea, it’s really so exciting and generous of you.</div><div>We all wanted to go through it in detail and as Abby mentioned a lot has been happening but we’ve all had a chance to look now.</div><div><br></div><div>Please find our suggestions as tracked changes / comments on the document linked below (comments come up as an orange highlight, let me know if you have trouble viewing). I’ve saved it on our online cloud which means that we can all edit it together and save other documents in the folder.</div><div><br></div><div>LINK HERE: <a href="https://cloud.ldn.cash/s/Z5FsCKC5kD9XEPW" target="_blank">https://cloud.ldn.cash/s/Z5FsCKC5kD9XEPW</a></div><div><br></div><div>I hope this is helpful and let me know what you think about the suggestions!</div><div><br></div><div>At the end of the document I left some thoughts that might be good to discuss at some point around future plans for scaling up this idea</div><div><ul><li>How is this proposal different / why would co-ops choose this instead of the Radical Routes fund?</li><li>Would it be possible to set up a “credit union” type thing in order to reduce risk for the individual co-ops and offer them something in exchange (a savings account)?</li><li>Are there any existing ethical responsible financial providers that we could link up with to help with building up an infrastructure?</li></ul></div><div><br></div><div>I don’t really have any experience in these financial things but I thought you might do? I might also be able to find someone through my work who can give some advice.</div><div><br></div><div>Also, I was thinking that I’d be happy to help in turning this document into a nice visually engaging brochure - but Abby said Shiri has already volunteered to do this? Let me know! I’m happy either way! As Abby said below it would be prob good to also have a ppt version if we go to present to co-ops.</div><div><br></div><div>Hope to see you on Thursday eve</div><div><br></div><div>All the best,</div><div><br><div>
<div dir="auto" style="color:rgb(0,0,0);letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;line-break:after-white-space"><div>Herta Gatter</div><div><br></div><div>Outreach and Engagement Circle</div><div><b>Community Assets for Society and Housing</b><br><a href="http://ldn.cash" target="_blank">ldn.cash</a></div><div>@ldncash</div><div><br></div></div><br><br>
</div>
<div><br><blockquote type="cite"><div>On 23 Oct 2023, at 12:45, Abigail Hammond | CASH <abigail.h@ldn.cash> wrote:</div><br><div>Hi Shiri and Tony,<br><br>Please accept my appologies for not responding sooner in writing following our meeting - I had to wait for half term / post CCH conference for head space to do it justice.<br><br>So, I don't have any feedback on the concept - brilliant! Essentially, you are talking about Loan Stock, which some co-ops already engage in. I believe there are contract templates in use (Helen Russell, Two Piers HC, Brighton said they have one (<span style="font-size:13px"><a href="mailto:enquiries@twopiers.coop" target="_blank">enquiries@twopiers.coop</a>). This site also useful </span><a href="https://www.lexisnexis.co.uk/legal/glossary/loan-stock" target="_blank">https://www.lexisnexis.co.uk/legal/glossary/loan-stock</a><br>However, in presenting, I think it useful to interchange mortgage with / Loan Stock as more people will understand that.<br><br>The main thing is presentation - I guess people will be able to show PowerPoint presentations at the event next week? All your figures are great, so to see them simply will be helpful. Shiri - I think you mentioned working on layout?<br><br>Just another thought, will it be possible to do the event at Pelican House hybrid? I know people are on the waiting list and also I met good people to invite at the conference? Or maybe keep this one small and build towards another bigger event after feedback / responses on the night? I do think the time is right for invigorating co-ops to help each other and I think CCH can be instrumental in this. Is anyone from CCH coming? Martyn Holmes, the new Chair, is great!<br><br>All for now, excited, optimistic and grateful!<br><br>Abigail<br><br><br><br><br>On Monday, September 18, 2023 14:31 BST, Shiri Shalmy via Cash-outreach-engagement-circle <<a href="mailto:cash-outreach-engagement-circle@email-lists.org" target="_blank">cash-outreach-engagement-circle@email-lists.org</a>> wrote:<br> <blockquote type="cite"><div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif">Thanks Herta</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div class="gmail_default" style="font-family:verdana,sans-serif">I can make Friday 29 Sept at 6pm and have put it in my diary.</div><div class="gmail_default" style="font-family:verdana,sans-serif">Will wait for Tony to confirm.</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div class="gmail_default" style="font-family:verdana,sans-serif">Best,</div><div class="gmail_default" style="font-family:verdana,sans-serif">shiri</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div><div dir="ltr" class="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><font face="tahoma, sans-serif">Shiri Shalmy<br><br>07929 252724</font></div><div><a style="font-family:arial,helvetica,sans-serif;font-size:12.8px" href="https://twitter.com/ShiriShalmy" target="_blank">@ShiriShalmy</a><span style="font-family:arial,helvetica,sans-serif;font-size:12.8px"> </span></div><div> </div><div><font><span style="font-family:arial,helvetica,sans-serif"><a href="https://www.cooperation.town/" target="_blank">Cooperation Town</a></span><span style="font-family:arial,helvetica,sans-serif"> </span></font><span style="font-family:arial,helvetica,sans-serif">// </span><font><a style="font-family:arial,helvetica,sans-serif" href="http://www.antiuniversity.org/" target="_blank">Antiuniversity Now</a><span style="font-family:arial,helvetica,sans-serif"> // </span></font><a href="http://www.cargocollective.com/shirishalmy" target="_blank"><font face="arial, helvetica, sans-serif">C</font>uratorial work</a></div><div><font><span style="font-family:arial,helvetica,sans-serif">I am a member of the <a href="https://www.bfawu.org/" target="_blank">Bakers, Food and Allied Workers Union</a>, of <a href="https://londonrentersunion.org/" target="_blank">London Renters Union</a> and of the <a href="https://credit-union.coop/" target="_blank">London Capital Credit Union</a>. </span></font><span style="font-family:arial,helvetica,sans-serif">Join a union today.</span></div><div><font style="font-size:12.8px;background-color:rgb(255,255,255)" face="arial, helvetica, sans-serif"> </font></div><div> </div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div> <div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, 18 Sept 2023 at 13:18, Herta Gatter <herta.g@ldn.cash> wrote:</div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-style:solid;border-left-color:rgb(204,204,204);padding-left:1ex"><div style="line-break:after-white-space">Hi all!<div> </div><div>Sorry for the late reply, we were just trying to find a date that works for both the Outreach and Finance Circles. </div><div>If it’s till good, 6-7pm on the 29th of September would be great. </div><div> </div><div>Address is: House 11, Sanford Housing Co-op, SE14 6NB</div><div> </div><div>Looking forwards to meeting you</div><div> <div><div dir="auto" style="letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;line-break:after-white-space"><div>Herta Gatter</div><div> </div><div>Outreach and Engagement Circle</div><div><b>Community Assets for Society and Housing</b><br><a href="http://ldn.cash/" target="_blank">ldn.cash</a></div><div>@ldncash</div><div> </div></div><br> </div><div> <blockquote type="cite"><div>On 12 Sep 2023, at 23:55, Shiri Shalmy <<a href="mailto:shiri.shalmy@gmail.com" target="_blank">shiri.shalmy@gmail.com</a>> wrote:</div> <div><div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif">Thanks Tony and hello Herta</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div class="gmail_default" style="font-family:verdana,sans-serif">I have also not been to Sanford yet so I am very excited to join the meeting!</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div class="gmail_default" style="font-family:verdana,sans-serif">Of the dates and times Tony suggested I can make the following:</div><div class="gmail_default"><p class="MsoNormal"><font face="verdana, sans-serif">Wednesday 27<sup>th</sup><span> </span>Sept – 12 noon to 7pm</font></p><p class="MsoNormal"><font face="verdana, sans-serif">Friday 29<sup>th</sup><span> </span>from 12 noon to 7pm</font></p><p class="MsoNormal"><font face="verdana, sans-serif">Saturday 14<sup>th</sup><span> </span>Oct – any time</font></p><p class="MsoNormal"><font face="verdana, sans-serif">Sunday 15<sup>th</sup><span> </span>Oct – any time</font></p></div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div class="gmail_default" style="font-family:verdana,sans-serif">Hope any of those work for you, Herta.</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div class="gmail_default" style="font-family:verdana,sans-serif">Best,</div><div class="gmail_default" style="font-family:verdana,sans-serif">shiri</div><div class="gmail_default" style="font-family:verdana,sans-serif"> </div><div><div dir="ltr" class="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><font face="tahoma, sans-serif">Shiri Shalmy<br><br>07929 252724</font></div><div><a style="font-family:arial,helvetica,sans-serif;font-size:12.8px" href="https://twitter.com/ShiriShalmy" target="_blank">@ShiriShalmy</a><span style="font-family:arial,helvetica,sans-serif;font-size:12.8px"> </span></div><div> </div><div><font><span style="font-family:arial,helvetica,sans-serif"><a href="https://www.cooperation.town/" target="_blank">Cooperation Town</a></span><span style="font-family:arial,helvetica,sans-serif"> </span></font><span style="font-family:arial,helvetica,sans-serif">// </span><font><a style="font-family:arial,helvetica,sans-serif" href="http://www.antiuniversity.org/" target="_blank">Antiuniversity Now</a><span style="font-family:arial,helvetica,sans-serif"> // </span></font><a href="http://www.cargocollective.com/shirishalmy" target="_blank"><font face="arial, helvetica, sans-serif">C</font>uratorial work</a></div><div><font><span style="font-family:arial,helvetica,sans-serif">I am a member of the <a href="https://www.bfawu.org/" target="_blank">Bakers, Food and Allied Workers Union</a>, of <a href="https://londonrentersunion.org/" target="_blank">London Renters Union</a> and of the <a href="https://credit-union.coop/" target="_blank">London Capital Credit Union</a>. </span></font><span style="font-family:arial,helvetica,sans-serif">Join a union today.</span></div><div><font style="font-size:12.8px;background-color:rgb(255,255,255)" face="arial, helvetica, sans-serif"> </font></div><div> </div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div> <div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, 12 Sept 2023 at 09:46, Tony Wood <<a href="mailto:woodywood2@blueyonder.co.uk" target="_blank">woodywood2@blueyonder.co.uk</a>> wrote:</div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-style:solid;border-left-color:rgb(204,204,204);padding-left:1ex"><div><div lang="EN-GB"><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Hi Herta,</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Sorry for the slow response but Jane from MAJ was away then we waited for our next MAJ meeting to discuss.</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">It will be me and Shiri from MAJ coming down to meet you. I’ve never actually seen Sanford, so would be lovely to come to you. I know Shiri is involved in Anti University (<a href="https://2023.antiuniversity.org/" target="_blank">https://2023.antiuniversity.org/</a>) which runs from 30<sup>th</sup> September to 6<sup>th</sup> October, so I’ve put dates I can make outside those dates.</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Can I leave you and Shiri to say which dates/times you two can make and then we can set a time</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">I can make</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Friday 22<sup>nd</sup> after 6pm</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Sunday 24<sup>th</sup> Sept – any time</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Wednesday 27<sup>th</sup> Sept – 12 noon to 10pm</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Friday 29<sup>th</sup> from 12 noon to 10pm</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Sunday 8<sup>th</sup> Oct – 11am to 3pm</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Saturday 14<sup>th</sup> Oct – and time</span></p><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Sunday 15<sup>th</sup> Oct – any time</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Shiri, I can also make some dates during Anti University dates, but just don’t know how manic you will be during it</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Tony</span></p><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div><div><div style="border-width:1pt medium medium;border-style:solid none none;border-color:rgb(225,225,225) currentcolor currentcolor;padding:3pt 0cm 0cm"><p class="MsoNormal"><b><span lang="EN-US" style="font-size:11pt;font-family:Calibri,sans-serif">From:</span></b><span lang="EN-US" style="font-size:11pt;font-family:Calibri,sans-serif"> Herta Gatter [mailto:<a href="mailto:herta.g@ldn.cash" target="_blank">herta.g@ldn.cash</a>]<br><b>Sent:</b> 15 August 2023 10:46<br><b>To:</b> <a href="mailto:woodywood2@blueyonder.co.uk" target="_blank">woodywood2@blueyonder.co.uk</a><br><b>Cc:</b> Outreach and Engagement <<a href="mailto:cash-outreach-engagement-circle@email-lists.org" target="_blank">cash-outreach-engagement-circle@email-lists.org</a>>; <a href="mailto:francine.holdgate@hotmail.co.uk" target="_blank">francine.holdgate@hotmail.co.uk</a>; <a href="mailto:janelaporte04@gmail.com" target="_blank">janelaporte04@gmail.com</a><br><b>Subject:</b> Re: [Cash-outreach-engagement-circle] MAJ and CASH</span></p></div></div><div> <br></div><div><p class="MsoNormal">Hi Tony,</p></div><div><div> <br></div></div><div><p class="MsoNormal">Thanks for getting in touch. That sounds like a super interesting idea we’d love to explore. I am also the Outreach officer at Sanford at the moment and involved in the Loanstock panel too - mentioned to some fellow members they also thought it was a good idea.</p></div><div><div> <br></div></div><div><p class="MsoNormal">Shall we have a meeting in September to discuss? Perhaps you could suggest a few times for a meeting in the second half of the September. I am happy to host at Sanford, or at The Field - would be nice to meet you in person!</p></div><div><div> <br></div></div><div><p class="MsoNormal">All the best,</p></div><div> <br></div><div><div><div><p class="MsoNormal"><span>Herta Gatter</span></p></div><div><div><span> </span><br></div></div><div><p class="MsoNormal"><span>Outreach and Engagement Circle</span></p></div><div><p class="MsoNormal"><b><span>Community Assets for Society and Housing</span></b><br><span><a href="http://ldn.cash/" target="_blank">ldn.cash</a></span></p></div><div><p class="MsoNormal"><span>@ldncash</span></p></div><div><div><span> </span><br></div></div></div><div style="margin-bottom:12pt"> <br></div></div><div><p class="MsoNormal"><br> </p><blockquote style="margin-top:5pt;margin-bottom:5pt"><div><p class="MsoNormal">On 9 Aug 2023, at 11:34, Abigail Hammond | CASH via Cash-outreach-engagement-circle <<a href="mailto:cash-outreach-engagement-circle@email-lists.org" target="_blank">cash-outreach-engagement-circle@email-lists.org</a>> wrote:</p></div><div> <br></div><div><p class="MsoNormal"><br><br><span style="font-size:9pt;font-family:Helvetica,sans-serif">-------- Original Message --------<br>Subject: MAJ and CASH<br>Date: Tuesday, August 08, 2023 17:05 BST<br>From: "Tony Wood" <</span><a href="mailto:woodywood2@blueyonder.co.uk" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">woodywood2@blueyonder.co.uk</span></a><span style="font-size:9pt;font-family:Helvetica,sans-serif">><br>To: "'Abigail Hammond | CASH'" <</span><a href="mailto:abigail.h@ldn.cash" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">abigail.h@ldn.cash</span></a><span style="font-size:9pt;font-family:Helvetica,sans-serif">>, <</span><a href="mailto:francine.holdgate@hotmail.co.uk" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">francine.holdgate@hotmail.co.uk</span></a><span style="font-size:9pt;font-family:Helvetica,sans-serif">><br>CC: <</span><a href="mailto:cash-outreach-engaement-circle@email-lists.org" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">cash-outreach-engaement-circle@email-lists.org</span></a><span style="font-size:9pt;font-family:Helvetica,sans-serif">>, "Jane Laporte" <</span><a href="mailto:janelaporte04@gmail.com" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">janelaporte04@gmail.com</span></a><span style="font-size:9pt;font-family:Helvetica,sans-serif">></span><br><br><br style="font-variant-caps:normal;text-align:start;word-spacing:0px"> </p><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Hi all,</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">This is Tony from Mary Ann Johnson Housing Co-op (MAJ) in Tottenham.</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Some of us in MAJ read your document X and we had an idea to put to you, although it might not be something you want to do, but happy to chat if the idea could fit into what you are looking at.</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">In the past MAJ has tried to get the very large co-ops (mainly in London) to lend to smaller co-ops (especially those just starting out), but we didn’t really have much luck. To be fair we only mentioned it at one London Federation of Housing Co-op meetings and it was some time ago. We have stayed in contact with the London Fed and try to get to the occasional meetings and have kept our membership up with them. We would really like to see the very large co-ops start lending to smaller co-ops but we think they are scarred they could lose their money (I think some in Sanford might have had the same worries before they started lending, but hopefully they can see MAJ and I think the Drive are both fairly secure loans).</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">So, we would like to chat with people from CASH (if this helps you) that we put forward that one of the big co-ops actually lends a sizeable amount to MAJ. MAJ would then use this money to pay off one of our mortgages. This would benefit MAJ as we would rather owe a co-op than a bank. MAJ doesn’t actually need to do this and it will be a lot of work convincing a larger co-op to lend (ideally we would want £125,000 but maybe we accept a lot less and also it could be a group of co-ops). The amount doesn’t actually matter. The idea is getting the bigger co-ops to start the discussion. And once they lend to a safe co-op like MAJ (we have a lot of assets (homes) that the loans could be secured against and have paid off quite a bit of mortgages and our house values have risen quite a bit) hopefully we have started the discussion and they will be more open to lending to newer co-ops in London, or at least be open to discussing it.</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Very very basically it could work something like this. Say a large co-op presently gets (say) 2% interest on their capital in the bank. Say MAJ pays 8% on its mortgage. MAJ could agree to give a co-op (say) 4%.<span> </span></span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Why should CASH get involved? Well apart from getting big co-ops to lend to smaller ones in London (and therefore helping new co-ops with finance) we are also thinking MAJ could also pay (say) 1 or 2% to CASH. So MAJ pay 6% - large coop gets 4% and CASH gets 1 or 2%. Obviously there would need to be a water tight contract (and this could be used for future loan deal) and the rates would need to be tied to bank rates as if loans went down MAJ wouldn’t want to be worse of that with our present lender.<span> </span></span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Also, and a BIG also, MAJ hasn’t discussed figures and amounts at all. All the figures I’m using, I’m using as just examples. MAJ said I can chat to CASH and can put some work into this, but we haven’t chatted about figures, percentages, or how much we could/would borrow from a large co-op. To keep this open I’ve also copied in Jane from MAJ, in case she feels I’m over stepping the remit I’ve been given by MAJ.</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Anyway, have a read. Digest all my ramblings. And let me know if its anything CASH might be interested in doing.</span></p></div><div><div><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)"> </span><br></div></div><div><p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:rgb(31,73,125)">Tony</span></p></div><p class="MsoNormal"><br><span style="font-size:9pt;font-family:Helvetica,sans-serif"> --<span> </span><br>Cash-outreach-engagement-circle mailing list</span><br><a href="mailto:Cash-outreach-engagement-circle@email-lists.org" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">Cash-outreach-engagement-circle@email-lists.org</span></a><br><a href="https://www.email-lists.org/mailman/listinfo/cash-outreach-engagement-circle" target="_blank"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:purple">https://www.email-lists.org/mailman/listinfo/cash-outreach-engagement-circle</span></a></p></div></blockquote></div><div> <br></div></div></div></div></blockquote></div></div></blockquote></div></div></div></blockquote></div></blockquote><br><br>
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