|Documentation for banks||<– Date –> <– Thread –>|
|From: Marty Maskall (mmaskallpacbell.net)|
|Date: Fri, 7 Dec 2007 19:05:21 -0800 (PST)|
Hi Paul,Good luck as you go through the loan process. We will be doing that soon. We have neighborhood opposition, so we researched property values. You might want to check out our website, www.OrangevaleCohousing.org.
Here's the pertinent text:INCREASES PROPERTY VALUES: Some Sycamore Village neighbors have expressed concern that higher-density housing might lower their property values. However, the respected Urban Land Institute (ULI) cites research that indicates no discernible difference in the appreciation rate of properties located near higher-density development compared to those that are not. Read excerpt of ULI report. The ULI conclusions were recently verified by two local appraisers. Read letter from Fair Oaks appraiser. A cohousing appraiser conducted an analysis of cohousing neighborhoods in the greater Sacramento area. Read letter from cohousing appraiser. Several communities have found that cohousing actually increases surrounding property values. Read letters from the Mayor of Sacramento, the Mayor of Chico, and the Mayor of Emeryville.
Hope this helps! Marty Maskall Orangevale Cohousing (a Sacramento, CA suburb) mmaskall [at] pacbell.net Message: 3 Date: Fri, 7 Dec 2007 15:06:23 -0500 From: "Paul L. Della Maggiora" <paul [at] barkingdog.us> Subject: [C-L]_ Cohousing success documentation for banks as we begin the loan search To: "'Cohousing-L'" <cohousing-l [at] cohousing.org> Message-ID: <007601c8390c$a4ee4a90$eecadfb0$@us> Content-Type: text/plain; charset="us-ascii" Hello. Now that we are closing on the land for Footpath cohousing in Durham, NC with a 2 year option, we are now preparing to approach banks for development-related financing. Along with all the normal supporting docs, I am looking for any documentation that shows cohousing houses selling as good if not better than regular subdivisions, and anything that demonstrates the imperviousness of cohousing development to the current housing downturn. Please let me know if you have something that might help us. Thanks! Paul Della Maggiora Former Eno Commoner Current Footpath developer Durham, NC
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