Cohousing-L Mailing List: Best ways to seek collaborators?

[Tiffany Lee Brown (magdalen23]

What would you experienced co-housers recommend as a way to connect with people 
who might be interested in starting a community?

Thanks...

Tiffany
In Oregon


Sent from outer space 

> On Oct 11, 2015, at 7:05 AM, Thomas Lofft <tlofft [at] hotmail.com> wrote:
> 
> 
> Michael Stinson msserd [at] ntid.rit.edu wrote: 
> Subject: [C-L]_ Separate financing of common house and individual
>    units?
> 
> Our Flower City Cohousing community  in Rochester, NY would like to know 
> about separate financing for the common house and the individual homes in the 
> community, and would appreciate any pertinent information.  A developer with 
> whom our  community has been meeting has expressed a preference for this 
> financial arrangement. The Cohousing Handbook by Chris Hanson states that 
> some choosing communities have separate financing of the common house and 
> individual homes.
> 
> Thanks,
> Mike Stinson
> Flower City Cohousing Community
> 
> In Liberty Village, each home buyer financed their own home with a 
> combination "construction-perm" which combines with their deposit to provide 
> the front end cash to complete purchase of their lot that gives them the 
> collateral for the lender. Thereafter, during the construction period, draws 
> are released monthly to pay the builder of the home; upon completion and 
> receipt of the certificate of occupancy and lien release from the builder, 
> the debt is rolled into the permanent mortgage. 
> 
> Our original 27 acre improved land site acquisition was completed by a 
> partnership chartered as an LLP (Limited Liability Partnership) with equity 
> cash and a one year ARM (Adjustable Rate Mortgage). Within that first year, 
> the property was subdivided to sell off a historical 1753 Manor House and 
> outbuildings with 4 acres and a development loan was opened with a local bank 
> to finance site development and infrastructure. In due course, the 
> development loan is paid down from lot sales and the partnership will extend 
> the development loan to construct the Common House, projecting loan payoff 
> from final lot sales. If there were enough pre-sales (75% or more) it might 
> be possible to get your lender to fund both the infrastructure and the common 
> house in the initial development budget. 
> Cheers,
> Tom Lofft
> Liberty Village, MD
>                         
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