Cohousing-L Mailing List: Re: still happening...........

[Alice Alexander (alicecohous]

How timely to have this coho-l discussion just prior to a meeting I have
arranged - towards seeking research funds to document market data. On
Tuesday, I'll be meeting with the director of the center for urban and
regional studies at UNC Chapel Hill to explore a potential partnership with
Coho/US (to include PFAC and CRN).
I appreciate Ann Zabaldo and others' recognition of this potent component
to growing cohousing!

Regarding John and Jerry's encouragement of a cohousing loan fund: Yes! I
addressed this need in last month's Coho/US eNews
<http://www.cohousing.org/now>. Coho/US is working on developing a
cohousing loan fund, that ideally would include an affordability component.
We've been in conversation since last fall with National Cooperative Bank
(NCB). I'm pleased that NCB is a sponsor of the Cohousing Conference, and
Robert Jenkens from that institution will be at the conference to learn
more (and perhaps those of you coming to the conference and interested in
this initiative will take the opportunity to speak with Robert).

Alice Alexander, Coho/US Executive Director

On Sat, Apr 25, 2015 at 5:49 PM, Jerry McIntire <jerry.mcintire [at] gmail.com>
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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> > >
> > >
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> >
> >
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-- 
Alice Alexander
Executive Director
www.cohousing.org <http://www.cohous.org>
[image: The Cohousing Association]