|Financial Leader Supports Cohousing||<– Date –> <– Thread –>|
|From: Alice Alexander (alicecohousgmail.com)|
|Date: Tue, 25 Aug 2015 13:24:52 -0700 (PDT)|
I'm reposting board president Bill Hartzell's opening words from this morning's Coho Now! eNews. This is great news. Please visit www.cohousing.org/ncb. *Cohousing communities seeking financing and banking services can now consider National Cooperative Bank <http://r20.rs6.net/tn.jsp?f=001h_1sDA6d7jXOrgEX3jAvnV5RZcMdPwa9k5VOAUmBx16CzhdMni0lUVGP1YYwrRnOBx9FFLTl-6t-Lsr3LIjXRCR8oPz0F5mY9zDOUy3-5j2UZpmokSCKwgAsrqbAWCWXsfvzq3ns3imNEu3gM41HEL_GGjewizauihBErekP3OQ=&c=XibOobjbL4VOEli-_BhYZ8noC9ZxNGsUGq4LVf3X5qdXjjdpWHOG5Q==&ch=SsAWrOsfTqzz83ce7P-a5xAPm8Q7YTz03OU9AwSMiKUwaToHmMwKrQ==> (NCB), a national financial leader. *I made mention of this possibility at the regional conference in Boulder last fall, and the national conference in Durham this spring. With a big smile on my face, I now have the pleasure of announcing that NCB has officially opened its doors to lending to cohousing. For more than a year, representatives of NCB, Coho/US, and Partnerships for Affordable Cohousing <http://r20.rs6.net/tn.jsp?f=001h_1sDA6d7jXOrgEX3jAvnV5RZcMdPwa9k5VOAUmBx16CzhdMni0lUfAu0k2eDcgoHyM6ldxTrtEPqQhIcaZ4hfotjyCu3K7zT2wi8_zZF9WOOiS1xRy4gj19WvhxliIP1pnf15rel_lhUY1ffUm0KjjaTP5Y45hx5hSuDSoBvwaWZHmVdoUqlvxTkfJw93AS&c=XibOobjbL4VOEli-_BhYZ8noC9ZxNGsUGq4LVf3X5qdXjjdpWHOG5Q==&ch=SsAWrOsfTqzz83ce7P-a5xAPm8Q7YTz03OU9AwSMiKUwaToHmMwKrQ==>(PFAC) have been working together to make this financing opportunity available. Many of us have experienced the frustration of seeking financing for our communities. Cohousers often find themselves spending inordinate amounts of time educating and re-educating potential lenders as to the concept and value of cohousing, and in the worst cases having to correct preconceived notions. Failing at those tasks, lenders are usually unwilling to consider even the most robust financials and fine-tuned project budgets. With 35 years of lending to housing communities nationwide, and advocating for cooperatives, NCB understands and values cohousing. As pointed out by NCB's Robert Jenkens, the guiding principles of cohousing and NCB align very well. So much so, that not only has NCB opened its doors to us, they met us at the stoop and invited us in. Read more about NCBs products and offerings at this link <http://r20.rs6.net/tn.jsp?f=001h_1sDA6d7jXOrgEX3jAvnV5RZcMdPwa9k5VOAUmBx16CzhdMni0lUVGP1YYwrRnOOM1YeMx4ucE5sHuQCD84uFuPLULqzTQwAzIcDpc9kmXfKzakxCVt9-CquTIPPdm8GvDp7GohQsRX_mJKRwmMRVqYhDQ0WO4cQfGY178Ahv58nBvXauCrHQ==&c=XibOobjbL4VOEli-_BhYZ8noC9ZxNGsUGq4LVf3X5qdXjjdpWHOG5Q==&ch=SsAWrOsfTqzz83ce7P-a5xAPm8Q7YTz03OU9AwSMiKUwaToHmMwKrQ==> . We are also exploring other financial opportunities, such as below market rate funding that incorporates an affordable housing component. As this work progresses, we'll keep you updated. I want to thank you - the supporters of Coho/US. Without you, establishing these programs would not be possible. If you see value in our work, I ask that you please consider us for your charitable giving <http://r20.rs6.net/tn.jsp?f=001h_1sDA6d7jXOrgEX3jAvnV5RZcMdPwa9k5VOAUmBx16CzhdMni0lUTrA5KIb3UuE_adCgE_m3_6t2TZqwfAviJ2X9AfLRALQotMAuRcFl3iPXjY49NQ68TAm0NHBBAGzzSOD1kIo0TgpY0adauVlOc_0xSzNJuGx7oUogcbakn1vIG7N7pzxCFyb-D8DRr4f374snkcntgI6iAwXjHG47G-HHO3GL9cs&c=XibOobjbL4VOEli-_BhYZ8noC9ZxNGsUGq4LVf3X5qdXjjdpWHOG5Q==&ch=SsAWrOsfTqzz83ce7P-a5xAPm8Q7YTz03OU9AwSMiKUwaToHmMwKrQ==> . *Yours** in Community,** Bill Hartzell, <president [at] cohousing.org> Board President* -- Alice Alexander Executive Director www.cohousing.org <http://www.cohous.org> [image: The Cohousing Association]
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