Cohousing-L Mailing List: Re: to borrow or not to borrow?

[Maggie Dutton (maggiedutton]

We are dealing with contributions too and wonder who you are...community name 
and where?.
Maggie Dutton
Aldermuir Cohousing
In Qualicum Beach, British Columbia.
Amazon.com/author/MaggieDutton 


> On Mar 23, 2015, at 2:07 PM, Seasons of Food <seasonsoffoodhcc [at] 
> gmail.com> wrote:
> 
> 
> We’re a new yet-to-be built co-housing community. Equity members have 
> invested $20,000 to our collective pot. We hope to break ground in July 2015 
> and will be borrowing at 5.5% interest. There are mixed feelings about 
> borrowing, some support borrowing from the bank, others think we should ask 
> for voluntary contributions from EMs that can “afford” it  (so far 4 of 13 
> EMs have pledged $100K for a lower interest return than 5.5%), and yet others 
> feel we should ask for a next instalment of funds from everyone, like 10-20% 
> of unit cost. Some are afraid that we will lose EM’s as perhaps not everyone 
> can access the funds currently. What have others’ experience with this 
> sensitive item been and what is most successful?
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