The Oma Village family housing site continues to inch toward fruition with help from a new matching grant and a new Oma Village video to spread the word about the innovative nonprofit IPO launched in May to support the project.
A grant of $100,000 received in June from the Peter E. Haas Jr. Family Fund at Marin Community Foundation will match gifts made to Homeward Bound of Marin for Oma Village, letting supporters double the impact of their contributions.
The new video has drawn support for Oma Village by promoting the novel nonprofit IPO (“Immediate Public Opportunity”) launched to support the project with sale of up to 15,000 “fundraising shares” for $50 each.
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Huffington Post blogger Paul Lamb called attention to Homeward Bound’s campaign, describing it as a “clever re-branding of an IPO” that reminds people to “focus on human investments and not just the financial kind.”
Modeled after a typical “Initial Public Offering” of shares made by a for-profit company, Homeward Bound of Marin kicked off the “Immediate Public Opportunity…to end homelessness” with sale of the first share to renowned investor Warren Buffett.
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The proposed Oma Village site at 5394 Nave Drive in Novato will offer 14 small rental homes to families transitioning out of homelessness. Designed by Blu Homes, a leading manufacturer of energy-efficient, precision-engineered homes, the buildings will offer a model of modern, green housing for the future.
Homeward Bound has raised more than $3.4 million toward the projected $5.5 million cost of Oma Village. With community support, the Oma Village campaign met a June 30 deadline set by the Marin Community Foundation to secure a $300,000 challenge grant.
Investors can follow Warren Buffett’s lead by purchasing shares online at Razoo.com or by calling (415) 382-3363. To help spread the word, please forward and share our video.
