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VELMORYA
Frequently Asked Questions
Whether you’re considering donating to our Build the Legacy campaign, applying for residency, or simply curious about how Velmorya works, we’ve answered some of the most common questions below. If you don’t see your question, feel free to contact us.
General Questions
Q: What is Velmorya? A: Velmorya is a self-sustaining, Black-owned gated community in Georgia, built on cooperative living, community ownership, and sustainable development.
Q: Where will Velmorya be located? A: We are in the process of securing land in Georgia. Location details will be announced once purchase agreements are finalized.
Q: How is Velmorya different from other developments? A: Every home, business, and resource in Velmorya is owned by the community—not outside investors—keeping wealth and decision-making power in residents’ hands.
Housing & Homeownership
Q: How does homeownership work in Velmorya? A: Homes are financed through the New Legacy Community Mortgage Collective (NL-CMC), which ensures no foreclosure, no displacement, and shared equity for all residents.
Q: Can non-residents invest in Velmorya? A: Yes, but all investments must align with our cooperative model and community values.
Q: What types of homes will be available? A: The Unity District will feature single-family homes, townhouses, and villas—all designed for sustainability and comfort.
Community-Owned Enterprises (COEs)
Q: What are COEs? A: Community-Owned Enterprises are businesses owned collectively by Velmorya residents. Profits are reinvested into the community to fund services, jobs, and cultural programs.
Q: What types of businesses will Velmorya have? A: From agriculture to hospitality, arts, and technology—examples include the Legacy Market & Farmers’ Hub, Harmonia Arts Center, Velmorya Tech & Innovation Hub, and The Sovereign Hotel.
Build the Legacy Crowdfunding Campaign
Q: How does the Build the Legacy campaign work? A: We aim to raise $690 million by asking 6.9 million people to give $100 each. Funds go toward land acquisition, infrastructure, and community development.
Q: Is my donation tax-deductible? A: Velmorya is in the process of obtaining 501(c)(3) status. Until then, contributions are not tax-deductible, but they are still vital to building our community.
Q: How will I be recognized for my contribution? A: Donors are honored through tier-based recognition, including certificates, invitations to special events, and commemorative gifts.
Getting Involved
Q: Can I volunteer or work in Velmorya before it’s built? A: Yes! We welcome skilled professionals, organizers, and community members to assist with fundraising, outreach, and planning.
Q: How can I stay updated on progress? A: Join our mailing list or follow us on social media for regular updates, event announcements, and milestones.
Q. How is day-to-day governance structured? A. Velmorya uses a Civic Circle model: residents elect district stewards, form thematic councils (finance, education, security), and vote on budgets. Major bylaws require a two-thirds resident majority. The Council on Diaspora Affairs handles external diplomacy.
Still have questions? Contact us here or explore our key pages:
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