Cohousing-L Mailing List: mortgages, investment etc.

[Liz Ryan Cole (lizryancole]

I would like to create a group to discuss this further.  I would not be 
surprised to learn that the coho board had experience/thoughts suggestions on 
this topic.  Other related topics are how to create tax credits (so that when 
we self-fund affordable or workforce housing there are tax benefits) and 
creating an LLC to oversee the workforce/affordable housing created within 
cohousing, allowing us to keep the culture of cohousing front and center for 
all income groups.

If there is already a working group I'd like to join - if there is not I 
volunteer to gather names and organize an formation meeting (and I will be in 
Durham in May).

liz

Liz Ryan Cole
Vermont Law School (day job) 802.831.1240
Pinnacle Cohousing (Lyme, NH)  (802.274-1511 mobile)
 


On Apr 25, 2015, at 5:49 PM, Jerry McIntire wrote:


I like John's idea. Create an investment vehicle, a cohousing loan fund.

Jerry
On Apr 25, 2015 3:08 PM, "John Sechrest" <sechrest [at] gmail.com> wrote:

> 
> If there is a way to find the data on mortgages, there is likely a way to
> build an investment tool that would allow gathering people to invest
> directly in cohousing.
> On Apr 25, 2015 1:03 PM, "Ann Zabaldo" <zabaldo [at] earthlink.net> wrote:
> 
>> 
>> Hi John and all – – this is where we need some seed money to do some
>> research in Cohousing. This is the kind of data that we know are out
> there
>> anecdotally but we need some actual facts and figures to back up our
> belief
>> that Cohousing mortgages are strong mortgages and are worth investing in.
>> There are number of new cohousing communities coming online in the next
> few
>> years and we sure need a financial structure to make these mortgages
> secure
>> for the future homeowners. It's really distressing to get right down to
> the
>> takeout mortgages and then find out your shut out. The amount of
> financial
>> grief that community members who had to take because of the lack of
>> mortgage money is as I said in a former email painful and bloody.
>> 
>> Ann Zabaldo
>> Takoma village cohousing
>> Washington DC
>> 
>> Sent from my iPhone
>> 
>>> On Apr 25, 2015, at 3:29 PM, John Sechrest <sechrest [at] gmail.com> wrote:
>>> 
>>> 
>>> what do you think is the total value of all cohousing mortgages that
> are
>>> currently in existence?
>>> 
>>> is there a national opportunity for an investment in cohousing
> mortgages?
>>> On Apr 25, 2015 12:24 PM, "Sharon Villines" <sharon [at] sharonvillines.com
>> 
>>> wrote:
>>> 
>>>> 
>>>> 
>>>>> On Apr 25, 2015, at 3:04 PM, R Philip Dowds <rpdowds [at] comcast.net>
>> wrote:
>>>>> 
>>>>> So I remain totally opposed to skulking around, hoping that the
>>>> capitalist interests of money and property fail to notice that I live
> in
>>>> cohousing.  I think we need to keep on doing what we’re doing:
>> Educating,
>>>> and leading the way.
>>>> 
>>>> I think this is a good attitude to take collectively--for the
>> Association
>>>> or volunteers on behalf of the Association to collect data and provide
>> it
>>>> to banks.
>>>> 
>>>> But for each individual in a huge country to take this on has proven
>>>> self-defeating time and time again. There just aren't enough cohousing
>>>> communities or buyers applying to the same bank to make an impact as
>>>> individuals.
>>>> 
>>>> Banks don't invest money in shared meals, errand running,
> celebrations,
>>>> diversity, etc. They invest in real estate developments.
>>>> 
>>>> Cohousers invest in shared meals, errand running, celebrations,
>> diversity,
>>>> etc., not real estate development. (Although in the end they are, they
>>>> aren't attracted by that.)
>>>> 
>>>> These are different aims.
>>>> 
>>>> Sharon
>>>> ----
>>>> Sharon Villines
>>>> Takoma Village Cohousing, Washington DC
>>>> http://www.takomavillage.org
>>>> 
>>>> 
>>>> 
>>>> 
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