From the Business Plan Cover Page
This is a business plan, which is ready to spring into action. Where the plan refers to organizations, companies, members, working committees and boards of directors, know that it is only in the formation stage. The plan was begun in 2003, but the names of the organization have not yet been registered with the County of Santa Barbara, nor have any of the individual entities, which make up the organizations, been legally incorporated in California or any other state. Therefore none of these organizations have requested nor received any designations from HUD (Such as CHDO) or the IRS, such as 501(c)(3) or subchapter 905. So, when any of these issues are referred to in this plan, they are only mentioned in terms of a future tense, or potential relationship or status. We have also not reviewed these plans with legal or financial professionals. However, we have created these plans by interviewing many professionals in the housing and construction industries, including architects, builders, association leaders and more. We have compiled this plan by researching and distilling the information they have shared with us. This is an honest and forthright attempt to consider all of the needs of the people in Santa Barbara, Ventura and Los Angeles County for housing. It is a plan that causes people to work together for the common good.