By Howard w renz | Treasurer HHWT
2021 July Monthly report Hello everyone! Greetings from Lake Chapala, Mexico. Today we would like to give you an update about our New Campus Building Project as things have been moving ahead quickly in the last week. In the last year, Mexico’s economy has been devastated by the effects of the Covid-19 crisis, mainly the drop of tourist numbers from around 30 Million to basically nothing. We had no face to face fundraising events in 2020. The board of directors came to the rescue and donated $195,000 pesos to cover fixed expenses. HHWT cannot have this lockdown happen again. HHWT may not survive it. we need to buy a building and have no more rental expenses. Hoping for some decline in real-estate prices, we have taken this opportunity to review additional properties besides our current building that was our favorite. We reviewed other properties online that were within our price range and location requirements. The result of our reviewing these properties showed that the building we are renting is still the one best suited to accomplish both our long- and short-term vision for Have Hammer Will Travel Woodworking School. Since the “ball is in our court” in the negotiation process with the owner, the Building Leadership team has recently spent hours in discussions about our next steps. We have decided to pursue this building and have asked the Board of our Foundation for permission to negotiate an appraised quote from the owner to see where we need to be the next three to five years. We have received the permission to negotiate a new lease, with possible option to purchase within the month of August. We are working to complete a capital campaign budget for this project. Hopefully we will meet our fundraising goal within five years and have ownership of the building, we will continue our fundraising and start the renovations as the needed money is raised. All incoming funds will then be for renovations. When the project is completed the new campus will be used for vocational training and counseling needs for the women and children from local surrounding towns. HHWT will be able to meet the needs of our community with a more modern and welcoming facility. Thank you for your interest in our work here in Have Hammer will Travel A.C Woodworking school and we hope that you are as encouraged as we are about the vision of our new campus finally! Good news! thank you for partnering with us, on July 14, 2021 GlobalGiving Matching bonus campaign, we received $3000 dollars Matching bonus from our partnership with GlobalGiving to help start our new campus campaign. Thanks! HHWT board of Directors . . . . . . . .
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