|Re: Cohousing Bank -- Paiss||<– Date –> <– Thread –>|
|From: Sanda Everette (sandacohousing.org)|
|Date: Thu, 27 Jun 2002 09:03:02 -0600 (MDT)|
Zev, I don't know enough to know if this fits and whether a connection should be made here. I heard Peter Camejo, the Green Party candidate for governor in California, speak a couple of weeks ago. He evidently has a background in financial arenas. He was talking about a bank and a credit card that he is working on developing to support green enterprises. He has already established low cost financing for solar installations. > > on Tue, 11 Jun 2002 Chris ScottHanson <chris [at] cohousingresources.com> > wrote: > > >Would it not be great to have a cohousing bank? > > > Imagine all the money in commercial banks or other institutions, invested in > > god knows what! 60 cohousing communities, must be an average of at least > > $100,000 per community in reserves and rainy day funds. If half of that > > were invested in a cohousing bank, and made available to cohousing > > borrowers.. just imagine. Should be $3,000,000 or more available already. > > > Any bankers out there willing to take on the task? > > > In the mean time, there is a Credit Union called The Sunshine Credit Union, > > which people might want to look into for placing some or all of their rainy > > day funds. Anyone have contact info for them? > > > Chris ScottHanson > > Chris is exactly right. The amount of financial power within the completed > cohousing communities is growing rapidly. I have estimated that the > combined value of all the 62 completed communities is over $250,000,000. > That is more than a 1/4 of a BILLION dollars. > > And the value of Reserve and Replacement funds which Chris mentioned, is at > least the $3,000,000 he quoted. The trick is coordinating the treasusres in > each commiunity to work together for the larger good. > > Unfortunately at this time there is no national bank who has stepped forward > to tap into this market but I expect one will come along in the not too > distant future. > > The work of Support Financial, of which I am a member of the Board, is a > step towards making financing cohousing developments easier. > > Zev > > Zev Paiss > Director of Project Development > Support Financial Services > (V) 303-413-8066 (F)303-413-8067 > _____________ > -- Sanda and Brian Everette http://www.wordrunner.com/sanda San Mateo Cooperative Community http://www.wordrunner.com/sanda/smcc.htm Toward a sustainable lifestyle: grow some of your own food and/or know the gardener who is growing it. _______________________________________________ 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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