"The benefit to investing in Park East is that you'll be putting money into a community of people who who really care about making this place a good place to live."
– Evan
DC Teacher, Park East Resident, & Board Member
We are currently looking for short-term and long-term financial and community support.
​We have several immediate expenses for the limited-equity co-op formation process, such as inspection costs. We also need donations and low-interest community loans to offset the purchase cost of the building.
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For example:
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A $1000 donation funds a necessary consultation with maintenance and co-op-development experts.
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A $2,500 donation can cover the share price for one unit, ensuring that a resident has no upfront costs to remain in and become the owner of their current home.
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A $10,000 donation covers most of the cost of the inspection required by HUD
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A short-term community loan at <%20 interest helps us finance the cost of the building while we wait for our long-term HUD funding to come through.
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A long-term community loan at <6% interest keeps co-op fees more affordable for the next 30+ years.
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Any amount of monetary or community support helps us reach our goal of creating access to debt-free home ownership for people of mixed incomes in Adams Morgan!
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The more our supporters invest in this project now, the lower we can keep costs for co-op members, ensuring our community can remain intact and diverse for years to come. ​Please support us with a financial gift or loan if you are able. Thank you!