Editor’s note: The Vanguard was asked to publish verbatim this account of the history of DACHA, along with an accounting of all assets. This is pulled from the city’s staff report and it appears to be the most complete recounting of the DACHA history that I have seen. In conjunction with the other accounts the Vanguard has published, this will give all three sides a chance to have presented each side of the story, and all the public an opportunity to fully scrutinize what happened, what went wrong, and assess blame if and where necessary.
HISTORY
2002: City of Davis Redevelopment Agency (City RDA) retained Neighborhood Partners, LLC (NF) (operated by David J. Thompson (DT) and Luke Watkins (LW)), to develop a limited-equity affordable housing cooperative called ”Davis Area Cooperative Housing Association” (DACHA). DACHA home sites were randomly sprinkled throughout Davis, which would later be cited as highly problematic. City RDA initially invested $1,500,000 in the project. Twin Pines Cooperative Foundation (TPCF), of which DT was its CEO, also provided start-up funds. DT made several personal loans to DACHA, naming TPCF as DACHA’s charitable beneficiary. During the first charter meeting, Dallas Kassing and Ty Smalley, also of TPCF, were appointed DACHA’s President and Treasurer respectively. The charter board retained NP as DACHA’s consultant for marketing and property acquisition – agreeing to pay DT & LW an hourly rate of $120, plus a finder’s fee of $8,000 (later increased to $10,000) for every house added to DACHA. DT listed himself as DACHA’s agent for service of process, routinely using his private address as the organization’s business address.