SENA 2020 Plan Modification

At their May 11, 2020  meeting, the SENA Board of Directors approved a motion to access Neighborhood Revitalization Program (NRP) income funds to support our current activities.  SENA seeks to transfer $79,000 in program income, home improvement loans that have been paid back, to the general fund. These funds would be used to solidify SENA’s financial position during a time of uncertainty and ensure that the organization can pay staff, and maintain a physical presence in the neighborhood through 2020, and into 2021.

In order to use these funds, we need to notify the neighborhood of the proposed plan and seek the approval of residents. 

More information about the reason for this plan modification is below.  We will be conducting a vote on this Plan Modification at the Virtual Board Meeting, Monday, June 8, 7-8:30 PM.

NRP PROGRAM

Through the NRP program, SENA was allocated over $4.5 million for projects in our neighborhoods. With a lot of hard work from resident volunteers, as well as staff and other partners, we have expended a majority of those funds. The plans that defined how these funds would be spent were developed by residents of our neighborhoods and were approved in 1999 and again in 2005.  As part of this program, SENA continues to fund home improvement loans and down payment assistance for residents.  Information about those programs are available at https://www.mncee.org/services/financing/sena/.  The funds that are part of this plan modification have been loaned to neighborhood residents and repaid.

SENA BUDGET AND EXPENSES

SENA’s board-approved 2020 operating budget reflects approximately $150,000 in operating expenses, which includes occupancy, staff, administrative and program expenses. SENA's current contract with the City of Minneapolis provides only $77,000 annually. SENA has sought Plan Modifications to access Program Income for the past several years for the exact purpose of filling the gap in our budget caused by significant under funding by the City of neighborhood organizations. In fact, since the creation of the NRP program in the early 1990's, neighborhood associations have experienced a 85% decrease in funding with the bulk of that occurring since the shift from the NRP brick & mortar model to CPP engagement model. If anyone would like to see our 2020 Board Approved Budget and our most recent board approved financial statements, please email me at candace@standish-ericsson.org and I would be happy to forward them to you.

We will be conducting a vote on this Plan Modification at the Virtual Board Meeting, Monday, June 8, 7-8:30 PM. Questions or comments should be directed to Candace Miller Lopez at: candace@standish-ericsson.org or 612-990-5862.

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* 1. Which neighborhood do you live in?

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* 2. Is the information provided here satisfactory for you to form an opinion and cast a vote?

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* 3. If you answered no, what additional information can we provide? Please include your email address so that we can respond.

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* 4. Please cast your vote.

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