Help Us Make 461 Sebastopol Ave. Artist Owned, Artist Occupied!
In September 2017 we embarked on a capital campaign to buy our home, 461 Sebastopol Ave.
BACK STORY: In January 2017 we received notice from our landlords that they were selling 461 Sebastopol Avenue, our home of the past nine years. We were immediately thrust into a predicament many artists & arts organizations in the Bay Area are facing: displacement. As we quickly considered our options, we realized that there was one option that would have a profound long-term impact on our organization, our neighborhood and our community. That option was to buy our building.
After consulting with the Northern California Community Loan Fund (NCCLF) on our debt capacity and applying for and receiving a $235,000 capital grant from the William and Flora Hewlett Foundation, we opened escrow on September 1, 2017.
Thanks to an unprecedented amount of support from Imaginists supporters near and far we were able to reach our capital campaign goal of $350,000 and we closed escrow on Feb. 15th 2018. Community investors of all ages and walks of life contributed between $5 and $5000 to make our dream of a permanent home a reality.
NOW: We are now hard at work on the second phase of making 461 Sebastopol Ave. 100% artist owned by paying off our $350,000 NCCLF bridge loan by Feb. 15th 2022. If you are interested in helping our campaign please send us an email at firstname.lastname@example.org and you can make a donation HERE.
CAPITAL CAMPAIGN GOALS:
February 15th 2018- $350,000 to secure purchase of our building. WE DID IT! We closed escrow on February 15th 2018.
February 15th 2022 –$350,000 to pay off Northern California Community Loan Fund (NCCLF) bridge loan.