|Re: Common House Financing||<– Date –> <– Thread –>|
|From: sga1 (sga1humboldt.edu)|
|Date: Tue, 5 Jul 2005 20:57:02 -0700 (PDT)|
Hi Bruce, Here at Marsh Commons our Common House is removed from the cost of the housing. It's actually proved problematic, because the cost of buying a share when you purchase the house isn't included in the Fannie Mae loan. However, it was simply our local bank--no big deal. Yours in community, Sean > For several reasons we are exploring removing the cost of the common house > from the purchase price of the homes. I would like to know if anyone has > been successful at getting a group of investors in or outside of the > cohousing of the community to make a loan to the community for the cost of > the common house. If so, how was the loan structured. There are some old > (8-10 years) messages in the archives about this issue, but it is not > clear > if anyone actually has done this. Any input would be welcome. > > Thanks, > > Bruce Hecht > CoHo Cohousing > Corvallis, OR > > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > > Sean Armstrong Project Administrator 31 South G Street Arcata, CA 95521 707.826.1450 sga1 [at] humboldt.edu
- Re: common house financing, (continued)
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