CAST – Community Arts Stabilization Trust

Author: Tyese Wortham

Keeping Space – Oakland is CAST’s new pilot program dedicated to providing training and funding for Oakland arts and culture organizations seeking real estate assistance. Through direct financial grants, one-on-one technical assistance, and real estate readiness training, CAST’s goal is to provide safe, stable, and permanent real estate solutions for Oakland’s local arts organizations.

RSVP now for the 3-part Real Estate Readiness Workshop Series led by real estate expert consultants at the Northern California Community Loan Fund (NCCLF). These workshops help arts groups build their organizational and financial capacities to navigate the real estate market. We encourage both a senior staff person and board/advisory council member to attend the workshops. Register now for one workshop or all three. Limited space available.

Location:
East Bay Community Foundation
De Domenico Building, 200 Frank H. Ogawa Plaza
Oakland, CA 94612

Time: 9:30am-12:30pm

Friday, May 5, 2017
Real Estate Readiness: Overview

Come learn how to prepare your organization to embark on securing a facility for your program. Get answers to common questions around planning for your space. Are you ready to move? How much space? What can I afford?

Thursday, June 8, 2017
On with the Show: Turning your Financial Performance into a Masterpiece
Come develop your financial acumen to grow your organization. If you are an Executive Director, Financial Manager, Board member, or Program staff who wants to increase your financial management skills, this workshop is for you!

  • Build your “finance vocabulary”
  • How to create and monitor your budget
  • How to manage your cash flow
  • Understand and use your financial statements for decision-making
  • Strategies to develop a long-term business model

Thursday, July 13, 2017
Commercial Leasing Strategies: Getting to Yes
Looking to lease new space or renew your lease? Not sure how to approach the landlord? What’s in the fine print of my 15-page lease? In Oakland’s escalating real estate market, organizations are facing large rent increases. Yet, nonprofits are still finding ways to lease space in the communities they serve. NCCLF will share examples of nonprofits that have successfully negotiated leases that fit their budgets and location considerations. Participants in this workshop will learn key terminology in commercial leases, pitfalls to watch for, negotiation strategies with landlords, and current trends in the bay area commercial market.

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Funding is provided by the Kenneth Rainin Foundation and The William and Flora Hewlett Foundation. Keeping Space – Oakland is made possible in collaboration with the Oakland Arts Workspace Group and in partnership with the City of Oakland and Northern California Community Loan Fund.

For more information, please contact Tyese Wortham, CAST Program Manager at 415-556-9888, ext. 103, or twortham@cast-sf.org.


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THE SAN FRANCISCO NONPROFIT DISPLACEMENT MITIGATION PROGRAM FOR ARTS, CULTURAL, AND SOCIAL SERVICE SECTORS

The Northern California Community Loan Fund (NCCLF), Community Arts Stabilization Trust (CAST) and Urban Solutions (US) announce the availability of technical and financial assistance for San Francisco nonprofits providing arts and cultural programs and/or social services that are at risk of displacement.  Applications for Technical Assistance will be accepted on a rolling basis and approved/declined within 45 days.

The Nonprofit Displacement Mitigation Program provides services to support nonprofits facing permanent displacement , or those previously displaced, or with lease renewals at substantially higher rates amidst a volatile real estate market. The technical assistance (TA) services and financial assistance grants are made possible through funding from the City and County of San Francisco, through the San Francisco Arts Commission and the Mayor’s Office of Housing and Community Development. Nonprofits serving highly at-risk/disadvantaged populations are encouraged to apply.

Technical Assistance services are targeted for organizations most at-risk of displacement in the next 24 months or have been displaced but haven’t secured a new stable site. Technical assistance services include financial planning, space planning, identifying/evaluating potential sites, negotiating leases or purchase agreements, developing construction budgets and project timelines, and analyzing potential funding sources. Technical assistance services may be provided on a one-to-one basis and/or in workshop settings.

Once organizations receiving technical assistance secure site control, they may be eligible for financial assistance. Financial assistance may be used for relocation costs, such as predevelopment expenses (architect, engineer, permits), tenant improvements, holding costs, legal expenses, and moving expenses. (For more information about the Financial Assistance application and awards, please see Financial Assistance Program Guidelines.)

Applications for Technical Assistance will be accepted on a rolling basis and approved/declined within 45 days.

Please read the program guidelines for eligibility requirements.  

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Questions? Contact Owen Serra, Real Estate Consulting Analyst, at oserra@ncclf.org.


 

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FOR IMMEDIATE RELEASE
Contact:
Daniel Hlad, Director of Development & Communications
Northern California Community Loan Fund
Tel: 415-392-8215 ext. 307; email: dhlad@ncclf.org

CITY FUNDS HELP SAVE SIXTEEN NONPROFITS FROM DISPLACEMENT IN SAN FRANCISCO

 

San Francisco—  Sixteen social service and arts and cultural nonprofits will receive just under $1 million in City funds to enable them to continue providing key services to low income residents of their current neighborhood locations in San Francisco.

The Northern California Community Loan Fund (NCCLF), Community Arts Stabilization Trust (CAST), and Urban Solutions (US) today announced the results of the initial round of the financial assistance awards for the $4.515 million Nonprofit Displacement Mitigation Fund. A total of $994,591 was awarded to eleven social service organizations and five art and culture nonprofits to support their relocation and ongoing operational expenses necessary to remain in San Francisco’s high-cost real estate market.

“Preserving community spaces and services that benefit low income residents is a challenge today in San Francisco’s expensive commercial real estate market,” said NCCLF President Mary Rogier.  “The Nonprofit Displacement Mitigation Program is a timely collaborative response to assist these services – which otherwise could not afford to remain in San Francisco — to continue to provide much-needed art, cultural, and social service resources that benefit residents of City neighborhoods with the greatest needs.”

The eleven social service awardees provide health services, legal assistance, residential treatment, and education to low-income seniors, veterans, homeless, families and youth in San Francisco. They include: AIDS Legal Referral Panel, BreastCancer Action, Catholic Charities, Hyde Street Community Services, LarkinStreet Youth Services, Legal Assistance to the Elderly, Lutheran SocialServices of Northern California, Metropolitan Fresh Start House, NationalCouncil on Alcoholism, San Francisco Study Center, and Youth With aMission.

The selected art organizations, Boxcar Theatre, CounterPulse, Gray Area Foundation for theArts, Inc., Root Division, and Women’s Audio Mission, promote a wide range of cultural resources and programming, dance and theatre performances, exhibitions, arts education and workshops.

Introduced in by Supervisors Jane Kim and David Chiu and amended by Supervisor John Avalos to include arts and culture, the Nonprofit Displacement Mitigation Fund provides critical services to support nonprofits facing permanent displacement and those previously displaced as a result of today’s highly competitive real estate market.  The Fund was unanimously approved by the Board of Supervisors and the Mayor in October 2014. In order to expedite the technical assistance services and financial assistance support for organizations in need, the City selected NCCLF, in partnership with CAST and US, to manage the program through a competitive process administered by the SanFrancisco Arts Commission and the Mayor’s Office of Housing and CommunityDevelopment.  NCCLF will be announcing the second round of Request for Proposals for technical assistance services and financial assistance in summer 2015.

For a complete list of grantees and awards, please visit: www.ncclf.org/

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The Northern California Community Loan Fund is a nonprofit lender and consulting organization headquartered in San Francisco which provides financing, financial expertise, and socially responsible investment opportunities that benefit hundreds of community-based organizations serving low income people in Northern and Central California.

The Community Arts Stabilization Trust (CAST) secures space and works with community arts organizations to help develop and strengthen their financial and organizational capacity to purchase permanent facilities and navigate complex real estate issues. By collaborating with local government agencies, businesses, civic leaders, funders and artists, CAST celebrates, promotes, and preserves artistic and cultural traditions and innovations. Its goal is to ensure that San Francisco remains a vibrant and thriving home for arts organizations that sustain creativity, community participation, economic development and neighborhood stability.

Through 1:1 technical assistance to small businesses, workshops to support business owners, leasing services and neighborhood revitalization programs, Urban Solutions makes visible impact, from open storefronts that transform blighted vacancies to proud small business owners who support their families and their city. Urban Solutions’s overarching goal is to build strong neighborhoods, one business at a time.