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</o:shapelayout></xml><![endif]--></head><body lang=EN-GB link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Hi all,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>I’ve copied in Jane from MAJ (who some of you met at the event in Pelican House recently).<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>I know Shiri is looking at the document to merge the Maj re-write and the CASH re-write.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>I was just going to reply to Herta’s three comments below.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><ul type=disc><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>How is this proposal different / why would co-ops choose this instead of the Radical Routes fund?<o:p></o:p></li></ul><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Groups have to join Radical Routes which takes at least nine months. Plus co-ops have to agree to the aims and principles of Radical Routes, and many might not agree and/or radical Routes may decline a co-ops membership if they thought the co-op wasn’t right for RR. Also Radical Routes is a mutual aid organisation and co-op members have to actively participate in Radical Routes, which some co-ops might not want to do. Lastly, Radical Routes doesn’t have huge amounts of funds to lend out and more co-ops prepared to loan out money would be really helpful/useful/needed. But I guess my personal reason for doing this, is that the established co-ops haven’t lent to Radical Routes and I’d like to start the discussion with them how they can use their reserves better within the co-op movement (which I guess could include loaning money to RR).<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><ul type=disc><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>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)?<o:p></o:p></li></ul><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>I guess it is possible to set up a credit union (CU). But, CU’s have to follow more strict banking rules I think and I’m not sure any of us in MAJ would really like to go down this line. Also, as far as I know, CU’s lend to anyone and that would include people outside the co-op movement – which might be a bad or good thing. I’m not sure money would be safer in a CU, but I just don’t know enough about CU’s. Maybe others know more and can comment.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><ul type=disc><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>Are there any existing ethical responsible financial providers that we could link up with to help with building up an infrastructure?<o:p></o:p></li></ul><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>I guess we could talk to Ecology Building Society and possibly Triodos, but that just brings the banks back into the mix. Maybe we chat with Lev and also CCH over this, but the initial plan was to cut out any of the present financial providers.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>But these are just my thoughts and others may have different/better ideas/thoughts.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Tony<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0cm 0cm 0cm'><p class=MsoNormal><b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'> Herta Gatter [mailto:herta.g@ldn.cash] <br><b>Sent:</b> 30 October 2023 11:47<br><b>To:</b> Shiri Shalmy <shiri.shalmy@gmail.com>; Tony Wood <woodywood2@blueyonder.co.uk><br><b>Cc:</b> Abigail Hammond | CASH <abigail.h@ldn.cash>; George Jones | CASH <george.j@ldn.cash>; Richard Wells <richwells67@gmail.com>; Outreach and Engagement <cash-outreach-engagement-circle@email-lists.org>; francine.holdgate@hotmail.co.uk; Szczepan Orlowski | CASH <szczepan.o@ldn.cash><br><b>Subject:</b> Re: MAJ and CASH<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Hi Shiri and Tony,<o:p></o:p></p><div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>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.<o:p></o:p></p></div><div><p class=MsoNormal>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.<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>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.<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>LINK HERE: <a href="https://cloud.ldn.cash/s/Z5FsCKC5kD9XEPW">https://cloud.ldn.cash/s/Z5FsCKC5kD9XEPW</a><o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>I hope this is helpful and let me know what you think about the suggestions!<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>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<o:p></o:p></p></div><div><ul type=disc><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>How is this proposal different / why would co-ops choose this instead of the Radical Routes fund?<o:p></o:p></li><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>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)?<o:p></o:p></li><li class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-list:l0 level1 lfo1'>Are there any existing ethical responsible financial providers that we could link up with to help with building up an infrastructure?<o:p></o:p></li></ul></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>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.<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>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.<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>Hope to see you on Thursday eve<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>All the best,<o:p></o:p></p></div><div><p class=MsoNormal><o:p> </o:p></p><div><div><div><p class=MsoNormal><span style='color:black'>Herta Gatter<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='color:black'>Outreach and Engagement Circle<o:p></o:p></span></p></div><div><p class=MsoNormal><b><span style='color:black'>Community Assets for Society and Housing</span></b><span style='color:black'><br><a href="http://ldn.cash">ldn.cash</a><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='color:black'>@ldncash<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='color:black'><o:p> </o:p></span></p></div></div><p class=MsoNormal style='margin-bottom:12.0pt'><o:p> </o:p></p></div><div><p class=MsoNormal><br><br><o:p></o:p></p><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal>On 23 Oct 2023, at 12:45, Abigail Hammond | CASH <<a href="mailto:abigail.h@ldn.cash">abigail.h@ldn.cash</a>> wrote:<o:p></o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>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:10.0pt'><a href="mailto:enquiries@twopiers.coop">enquiries@twopiers.coop</a>). This site also useful </span><a href="https://www.lexisnexis.co.uk/legal/glossary/loan-stock">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">cash-outreach-engagement-circle@email-lists.org</a>> wrote:<br> <o:p></o:p></p><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Thanks Herta<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>I can make Friday 29 Sept at 6pm and have put it in my diary.<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Will wait for Tony to confirm.<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Best,<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>shiri<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif'>Shiri Shalmy<br><br>07929 252724</span><o:p></o:p></p></div><div><p class=MsoNormal><a href="https://twitter.com/ShiriShalmy" target="_blank"><span style='font-size:9.5pt;font-family:"Arial",sans-serif'>@ShiriShalmy</span></a><span style='font-size:9.5pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><a href="https://www.cooperation.town/" target="_blank">Cooperation Town</a> // </span><a href="http://www.antiuniversity.org/" target="_blank"><span style='font-family:"Arial",sans-serif'>Antiuniversity Now</span></a><span style='font-family:"Arial",sans-serif'> // </span><a href="http://www.cargocollective.com/shirishalmy" target="_blank"><span style='font-family:"Arial",sans-serif'>C</span>uratorial work</a><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-family:"Arial",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>. Join a union today.</span><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:9.5pt;font-family:"Arial",sans-serif;background:white'> </span><o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><p class=MsoNormal> <o:p></o:p></p><div><div><p class=MsoNormal>On Mon, 18 Sept 2023 at 13:18, Herta Gatter <<a href="mailto:herta.g@ldn.cash">herta.g@ldn.cash</a>> wrote:<o:p></o:p></p></div><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0cm 0cm 0cm 6.0pt;margin-left:4.8pt;margin-right:0cm'><div><p class=MsoNormal>Hi all!<o:p></o:p></p><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Sorry for the late reply, we were just trying to find a date that works for both the Outreach and Finance Circles. <o:p></o:p></p></div><div><p class=MsoNormal>If it’s till good, 6-7pm on the 29th of September would be great. <o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Address is: House 11, Sanford Housing Co-op, SE14 6NB<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Looking forwards to meeting you<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p><div><div><div><p class=MsoNormal>Herta Gatter<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Outreach and Engagement Circle<o:p></o:p></p></div><div><p class=MsoNormal><b>Community Assets for Society and Housing</b><br><a href="http://ldn.cash/" target="_blank">ldn.cash</a><o:p></o:p></p></div><div><p class=MsoNormal>@ldncash<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div></div><p class=MsoNormal><br> <o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal>On 12 Sep 2023, at 23:55, Shiri Shalmy <<a href="mailto:shiri.shalmy@gmail.com" target="_blank">shiri.shalmy@gmail.com</a>> wrote:<o:p></o:p></p></div><p class=MsoNormal> <o:p></o:p></p><div><div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Thanks Tony and hello Herta<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>I have also not been to Sanford yet so I am very excited to join the meeting!<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Of the dates and times Tony suggested I can make the following:<o:p></o:p></span></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Verdana",sans-serif'>Wednesday 27<sup>th</sup> Sept – 12 noon to 7pm</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Verdana",sans-serif'>Friday 29<sup>th</sup> from 12 noon to 7pm</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Verdana",sans-serif'>Saturday 14<sup>th</sup> Oct – any time</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Verdana",sans-serif'>Sunday 15<sup>th</sup> Oct – any time</span><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Hope any of those work for you, Herta.<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>Best,<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'>shiri<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p class=MsoNormal><span style='font-family:"Tahoma",sans-serif'>Shiri Shalmy<br><br>07929 252724</span><o:p></o:p></p></div><div><p class=MsoNormal><a href="https://twitter.com/ShiriShalmy" target="_blank"><span style='font-size:9.5pt;font-family:"Arial",sans-serif'>@ShiriShalmy</span></a><span style='font-size:9.5pt;font-family:"Arial",sans-serif'> </span><o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif'><a href="https://www.cooperation.town/" target="_blank">Cooperation Town</a> // </span><a href="http://www.antiuniversity.org/" target="_blank"><span style='font-family:"Arial",sans-serif'>Antiuniversity Now</span></a><span style='font-family:"Arial",sans-serif'> // </span><a href="http://www.cargocollective.com/shirishalmy" target="_blank"><span style='font-family:"Arial",sans-serif'>C</span>uratorial work</a><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-family:"Arial",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>. Join a union today.</span><o:p></o:p></p></div><div><p class=MsoNormal><span style='font-size:9.5pt;font-family:"Arial",sans-serif;background:white'> </span><o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><p class=MsoNormal> <o:p></o:p></p><div><div><p class=MsoNormal>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:<o:p></o:p></p></div><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0cm 0cm 0cm 6.0pt;margin-left:4.8pt;margin-right:0cm'><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Hi Herta,</span><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Sorry for the slow response but Jane from MAJ was away then we waited for our next MAJ meeting to discuss.</span><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Can I leave you and Shiri to say which dates/times you two can make and then we can set a time</span><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>I can make</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Friday 22<sup>nd</sup> after 6pm</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Sunday 24<sup>th</sup> Sept – any time</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Wednesday 27<sup>th</sup> Sept – 12 noon to 10pm</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Friday 29<sup>th</sup> from 12 noon to 10pm</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Sunday 8<sup>th</sup> Oct – 11am to 3pm</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Saturday 14<sup>th</sup> Oct – and time</span><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Sunday 15<sup>th</sup> Oct – any time</span><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Shiri, I can also make some dates during Anti University dates, but just don’t know how manic you will be during it</span><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Tony</span><o:p></o:p></p><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div><div><div style='border:none;border-top:solid windowtext 1.0pt;padding:3.0pt 0cm 0cm 0cm;border-color:currentcolor currentcolor'><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span lang=EN-US style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span lang=EN-US style='font-size:11.0pt;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><o:p></o:p></p></div></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Hi Tony,<o:p></o:p></p></div><div><div><p class=MsoNormal> <o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>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.<o:p></o:p></p></div><div><div><p class=MsoNormal> <o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>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!<o:p></o:p></p></div><div><div><p class=MsoNormal> <o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>All the best,<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Herta Gatter<o:p></o:p></p></div><div><div><p class=MsoNormal> <o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>Outreach and Engagement Circle<o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b>Community Assets for Society and Housing</b><br><a href="http://ldn.cash/" target="_blank">ldn.cash</a><o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>@ldncash<o:p></o:p></p></div><div><div><p class=MsoNormal> <o:p></o:p></p></div></div></div><div style='margin-bottom:12.0pt'><p class=MsoNormal> <o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br> <o:p></o:p></p><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>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:<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br><br><span style='font-size:9.0pt;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:9.0pt;font-family:"Helvetica",sans-serif;color:purple'>woodywood2@blueyonder.co.uk</span></a><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'>><br>To: "'Abigail Hammond | CASH'" <</span><a href="mailto:abigail.h@ldn.cash" target="_blank"><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif;color:purple'>abigail.h@ldn.cash</span></a><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'>>, <</span><a href="mailto:francine.holdgate@hotmail.co.uk" target="_blank"><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif;color:purple'>francine.holdgate@hotmail.co.uk</span></a><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'>><br>CC: <</span><a href="mailto:cash-outreach-engaement-circle@email-lists.org" target="_blank"><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif;color:purple'>cash-outreach-engaement-circle@email-lists.org</span></a><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'>>, "Jane Laporte" <</span><a href="mailto:janelaporte04@gmail.com" target="_blank"><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif;color:purple'>janelaporte04@gmail.com</span></a><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'>></span><br><br><br> <o:p></o:p></p><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Hi all,</span><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>This is Tony from Mary Ann Johnson Housing Co-op (MAJ) in Tottenham.</span><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>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><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Anyway, have a read. Digest all my ramblings. And let me know if its anything CASH might be interested in doing.</span><o:p></o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"Calibri",sans-serif;color:#1F497D'> </span><o:p></o:p></p></div></div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-family:"Calibri",sans-serif;color:#1F497D'>Tony</span><o:p></o:p></p></div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><br><span style='font-size:9.0pt;font-family:"Helvetica",sans-serif'> -- <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:9.0pt;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:9.0pt;font-family:"Helvetica",sans-serif;color:purple'>https://www.email-lists.org/mailman/listinfo/cash-outreach-engagement-circle</span></a><o:p></o:p></p></div></blockquote></div><div><p class=MsoNormal> <o:p></o:p></p></div></div></div></div></blockquote></div></div></blockquote></div></div></div></blockquote></div></blockquote><p class=MsoNormal><br><br> <o:p></o:p></p></div></blockquote></div><p class=MsoNormal><o:p> </o:p></p></div></div></div></body></html>