Cohousing-L Mailing List: Re: list of "waypoints"

[Sharon Villines (sharon]

On May 19, 2006, at 1:28 PM, Eileen McCourt wrote:

> A huge milestone that caused us to loose time on our schedule is 
> Fannie Mae
> approval and the first mortgage.  In a related issue, because the first
> people who moved in paid cash, it was hard to get appraisals to meet 
> the
> full cost of the homes for the first few buyers with mortgages.  
> Another
> factor in Fannie Mae approval was the completion of the Common House.

What year was this? And did you work with an experience developer? Were 
you a lot development model or multi-household dwellings?

For us these were things the developer handled and in 2000 were not 
huge obstacles. We had Historic Preservation Review Board issues and 
permit delays but these were typical construction issues unrelated to 
cohousing.

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