community financing | <– Date –> <– Thread –> |
From: Debbi Schaubman (schaubm1MAIL.LIB.MSU.EDU) | |
Date: Thu, 26 Jul 2001 12:48:06 -0600 (MDT) |
Greetings! Great Oak Cohousing (Ann Arbor, MI), currently in the programming phase, has been exploring ways to address affordability issues. Our Affordability Committee has gone through the cohousing-l archives, read the materials on the TCN www site (and other related sites), and haven't been able to find very much information on the specific topic we've begun to consider: co-investment. (Sorry if we simply missed the information!) We're interested in learning about other communities' experiences with this model (or ones similar to it): a group of community members invest money and buy 10% to 30% of a few units. Those units would then need a smaller mortgage, have a smaller monthly mortgage payment, and require a smaller down payment. Our sense is that, assuming some appreciation in the real estate, the investor, the household and the community would all benefit from this approach. Thanks for any information, suggestions, horror stories, etc. you can share. Debbi Schaubman (who is eagerly awaiting a Spring/Fall 2003 move-in!) _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.communityforum.net/mailman/listinfo/cohousing-l
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community financing Debbi Schaubman, July 26 2001
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RE: community financing Rob Sandelin, July 28 2001
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RE: community financing Eileen McCourt, July 28 2001
- Re: community financing David Mandel, July 30 2001
- RE: community financing Eileen McCourt, July 30 2001
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RE: community financing Eileen McCourt, July 28 2001
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RE: community financing Rob Sandelin, July 28 2001
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