The Emma Community is an incredibly vibrant, united and strong community. However, the relationships, trust, infrastructure and resources that have been built by community residents is at high risk of being lost, particularly due to the devastating pattern of replacement of mobile home parks with condominiums and commercial properties across the county.
Emma Community Ownership (ECOP) is working to create tools and strategies to prevent displacement and to protect the tightknit nature of mobile home communities which keep our families safe.
ECOP formed a research team comprised of residents of the Emma Neighborhood and surveyed nearly 200 Emma residents to assess the quality of life of residents of mobile home parks, to understand risk factors for displacement of low income residents due to gentrification, and to begin the creation of an Emma Community Plan.
website: https://www.poderemma.org/home
Facebook: @emmacommunitycouncil
Combine the principle balance of the original La Esperanza loan (2908) with a remortgage of non-Seed Commons purchase loans for a total of $241,046.66. La Esperanza Real Estate currently has 34 members and is located in the Emma neighborhood of Buncombe County, NC. The cooperative owns two commercial properties, one of which is a commercial building that generates rental income and the second is a recreational community space, as well as have a commercial appraisal done.
Primarily due to the property's stormwater, parking, and building code related renovation needs, La Esperanza is facing a gap of $400,000 for the property renovations.
This increased Line of Credit for housing cooperative members, potential members or tenants on the path to membership will address needed maintenance on homes within the Poder Emma (El Ejido) ecosystem.
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