Help Us Make 461 Sebastopol Ave. Artist Owned, Artist Occupied!
This 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.
CAREFULLY RESEARCHED FINANCING: After consulting with the Northern California Community Loan Fund (NCCLF) on our debt capacity and applying for and receiving a capital grant from the William and Flora Hewlett Foundation, we opened escrow on September 1, 2017.
As Santa Rosa rebuilds it's crucial that spaces for the arts be preserved. We are committed to keeping a space for artists and community in Santa Rosa that stands for our values of inclusion, accessibility, and fearless imagination.
Our escrow closing date has been extended to Feb. 15th. We have already raised 260k of a 350k goal.
We must raise $90,000 by Feb. 15th 2018 to secure the purchase of our building.
CAPITAL CAMPAIGN GOALS:
February 15th 2018- $90,000 to secure purchase of our building
February 15th 2022 –$350,000 to pay off Northern California Community Loan Fund (NCCLF) bridge loan
$90,000 is what we have left to raise to secure the purchase of our building and NCCLF bridge loan. Please help us to reach our February 15th goal by making a donation to our capital campaign. #artistowned #artistoccupied