Re: Finances / Profits - cohousing bank | <– Date –> <– Thread –> |
From: Mac & Sandy Thomson (ganeshrmi.net) | |
Date: Thu, 13 Jun 2002 07:11:22 -0600 (MDT) |
Does anyone know the of status of Support Financial Services? I thought that was a sort of 'cohousing bank' started by Zev Paiss. - Mac Heartwood Cohousing http://www.heartwoodcohousing.com ********************************************************** Chris ScottHanson wrote: > Message: 4 > Date: Tue, 11 Jun 2002 21:18:00 -0700 > From: Chris ScottHanson <chris [at] cohousingresources.com> > To: Cohousing-l <cohousing-l [at] cohousing.org> > Subject: [C-L]_Re: [C-L] Finances / Profits - cohousing bank > Reply-To: cohousing-l [at] cohousing.org > > on 5/28/02 9:09 AM, Mac & Sandy Thomson at ganesh [at] rmi.net wrote: > >> So we've spent about half of the >> profit on construction 'wish list' type things (CH improvements, furniture, >> hot tub, greenhouse, etc) and saved about half 'for a rainy day'. > > This profit/contingency budget line item is the standard way of satisfying a > construction lending bank that you are being prudent in your project > budgeting. It looks "normal" to them, and results in good loan terms and > lower interest rates. > > 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 > (on an airplane, catching upon many hundreds of unread emails) _______________________________________________ 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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