Re: Development Financial Structure
From: Sharon Villines (sharonsharonvillines.com)
Date: Sun, 17 Nov 2002 20:41:01 -0700 (MST)
On 11/17/02 11:26 AM, "Diana Porter" <porterd [at] cinci.rr.com> wrote:

> Does this upfront money discourage  too many people from considering
> co-housing?

Yes, because very few people have the spare cash to float in limbo for the
length of time it takes to get a project off the ground.

When you begin depending on people to be "real" in terms of being able to
support the project, you need to know if they can be mortgage approved. They
may already own a home and will not want to sell their home until they are
ready to move into their new home. They may have adequate income but not
enough money to loan the project money for an indeterminate period of time.

Sharon
-- 
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org

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