This project has been funded in relatively unique ways, which we share openly with the intent that other small scale community projects can replicate what we have done.
The are 6 members of our LLC currently, all of us have been working together on this project from the begining. We've collaborated on the vision, planning, design, and ongoing daily work to make our vision a reality. Each of us have made a significant investments of time, money and/or other resources to get the project off the ground.
Beyond these six core members, there are many folks investing in our project on smaller scales. Many of our friends, family, and neighbors have made loans to Wild and Radish between $5,000 and $30,000, expecting 0-4% interest on their loans to support our project and our vision for community. With grace periods of 3 years or more, we have built in financial mechanicisms to weather startup costs, so we'll be generating income as the loans come into maturity.
One type of non-traditional 'investment" has been the exchange of services, particularly design and planning, without expectation of payment until the project has income generated from that work. This arrangment has enabled us to get through some of the traditionally up-front design costs associated with permitting, surveying, and other costs that create barriers for many collective communities getting started.
Another financial innovation has been the use of self-directed IRAs. Several folks who have supported our work are able to do so with their retirement funds. Our project qualifies as a real-estate investment so allocated retirement funds (otherwise innaccessible until retirement age) can be invested now in the our EcoVillage community as a retirement security.
Others have made anonymous gifts to the project inspired by our vision, or touched by our earnest pursuit of sustainable lives here the East Bay. These 'angels' are giving freely with no expectation of returns or payback of their funding. This unique kind of funding allows us to work with fewer financial imperatives that sometimes undermine collective projects. We deeply appreciate those of you who have gifted to us and those who are thinking of doing so!
It is important to us that investors get to know us personally before investing in our project - to that end, if you aren't part of our community but would like to get to know us better, please contact us or join our mailing list and we will invite you to our next event so you can see what's going on!