1. Is there
Anything, anyone wants to share?
Sharing Time at LMF

2. We won’t be able to pay our Mortgage this month.
Sharing Time at LMF

3. together to talk about it
Let’s get a group
together to talk about it
You going to loan us
money each month?

4. 1980 1982 24% 12% Mortgage Rates – floating only

5. Work with Menno Foundation?
Form a
Foundation?
Set up a
Charity?
How do we
screw the
banks?
We’re in it together: what’s ethical?

6. L.A.M.P. Forms BANKS & C.U.’s Kingdom Money
Seven Mortgage Payments
BANKS & C.U.’s
Kingdom Money
Ten Couples
$50/couple/month
Langley Assisted Mortgage Program

7. Langley Assisted Mortgage Program (L.A.M.P.)
Goals
No one at LMF loses their home
Anyone at LMF experiencing financial stress can come to this pool for assistance
Pay down participants mortgages
Starting with the one with the highest mortgage rate
Emergency Assistance
Pay down Mortgages
$500 - Replenished Monthly
Growing Pool: Replacement Mortgage payments from completed mortgages

8. Langley Assisted Mortgage Program
 1982 – 1993
All seven families mortgage free
Savings of interest charges - $750,000 (in today’s dollars)
Some savings directly result of the pool payments
Some savings caused by overpayment of interest payments by families
Kingdom Money: $50,000 left over – went to charities ($100,000 in 2017 dollars)

9. Langley Assisted Mortgage Program
Some things that helped along the way
Mortgage rates fell to 18% in 1983
Down to around 8% by 1993
One family loaned the pool $20,000 in 1988
Families incomes rose as people made more money
Families made higher payments than required as a way to speed up their own mortgage reductions
Why did we stay together?
Common cause, common goals – everyone benefited
Sisterhood / Brotherhood – LMF was our home
“Screw the Banks” mentality

10. Langley Assisted Mortgage Program
Who were Those People?
Alice & John
Bev & Reimar
Carol & Norm
Edith & Henry
Marlyce & Art
Peggy & Dave
Sherry & Dennis
Susan and Tim
Ute & Marvin
Victoria & John

11. Fundraising for our Church Building
History of where LMF met
Douglas Hall
Murrayville
56 Ave and 196 Street
Here
At 56 Avenue we began to discuss finding a permanent home
It took us a long time to decide: We couldn’t reach consensus – some felt strongly that we should keep focused on Community Service
However
A group of people with Self-Directed RRSPs began aggregating capital
We set up a “Building Fund”
Some funds from LAMP final charitable distribution

12. Decision to buy land and build (1996)
$400K
Sell 56 Avenue building – re-invest those funds
Use of the existing Building Fund
Borrow money
From the folks accumulating self-directed RRSP
Bank
Mennonite Foundation
$200K
o Needed between $200,000 and $400,000
Decision to raise money Internally
Clayton Loewen and George Sawatzky chaired the Committee
Asked me to do a “Preliminary study”
o We projected we could raise $250,000 from 25 “giving units”

13. Fundraising for our Church Building
$400
I was asked to Chair a Fundraising Committee
Challenged the Co-Chairs to give first
Asked Council to appoint the following members
Brad, Larry, Gerry, Ann
$250
$200
Used Tradition Capital Campaign Plan
Met weekly for much of the campaign
Used a reference Book: “The Raising of Money”
$150
- Spent lots of time in the ABC Restaurant on Glover Rd.
$100

14. $250
Had a “no recognition” approach
Visited every Family
How we raised money
Coins collected
Re-sale of Safeway bulk purchased certificates
Direct “ask” of people
$150
o Use of pillar of rocks to track the real and projected
- Raised $150,000 came to a halt

15. Stalled at $150,000 $250 Congregational Meeting We were not together
Time and Grace – period of no fundraising
Committee drank more coffee, ate more pies
Interviewed people
Came to belief that we needed to tithe 10% of what we raised to achieve success
$150
Congregational Meeting Concept of “Kingdom Money”
- Resumed fundraising – completed to goal

16. Freed with Kingdom Money
$255
Congregational Meeting
Concept of “Kingdom Money”
o Giving it away to a good cause
Resumed fundraising – completed to goal
$150