Many students depend on the availability of quality -- yet affordable -- housing
in order to attend college. Co-op housing is widely recognized as the best option.
In addition, student housing co-ops provide students with an opportunity for hands-on
management experience and leadership development, preparing them for the future. Suspended ceiling hardware?
Kagawa Fund/Ray Arvio Memorial Fund/Art Danforth
Cooperative Education Fund
The Kagawa Fund/Ray Arvio Memorial Fund/Art Danforth Cooperative
Education Fund was established by the Japanese Consumers Cooperative
Union in memory of Dr. Toyohiko Kagawa, a prominent Japanese cooperative
pioneer and educator. It is a revolving loan fund which is used
to promote student cooperatives, particularly housing co-ops. In
1990 the Ray Arvio Memorial Fund was added to the Kagawa Fund. Ray
Arvio was a cooperative activist and educator who shared Dr. Kagawa’s
philosophy. In 1997 the Art Danforth Cooperative Education Fund
was added. Since 1989, the Fund has provided almost $200,00 in loans
and facilitated more than $1 million in cooperative housing development. Can you do himself or Online Research Paper,- It is very important.
Sample projects and accomplishments:
- Loaned $20,000 to help the Campus Cooperative Development Corporation purchase
a building in Chicago and transform it into a housing co-op.
- Loaned $20,000 for the permanent financing for and improvements to a student
co-op housing property in Chicago.
- Helped support the purchase and renovation of a property for lease to the
Santa Cruz Student Housing Co-op. The house serves as the first permanent home
for the co-op, and as the basis of a multi-site student cooperative system on
campus.
- Loaned $31,000 for the purchase of a property in Santa Barbara, CA.
- Loaned $35,000 for the rehabilitation of two properties in Santa Cruz, CA.
Kagawa Student Co-op Reinvestment Fund
This Fund was established in 1997 as a social investment fund
to pool resources from older and/or larger student co-op organizations
and so increase the funds available for loans to newer and/or smaller
student co-op organizations. As of spring 2000, six organizations
have invested $154,000 in the Fund and the Fund has made six loans
for purchase and rehabilitation of properties, for a student business,
and for the furnishing of a property.
Loans from both the Kagawa fund and the Kagawa Student Reinvestment
fund has allowed borrowers to leverage more than six times the loan
amounts, and has provided affordable housing for over 1600 students.
