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

[Michael Barrett (mbarrett]

Tiffany,
 Put up notices in health food and "organic" stores, in public libraries. 
Libraries may balk at a clearly "commercial" ad, but an invitation to an 
informational public "lecture"  (to be held at the library?) might fly.
 Write articles for local papers - especially the health/organic/hippie 
variety.  Most local papers will welcome "free" copy.
 Also UU (Unitarian Universalist) churches - you might be surprised how 
much resonance exists.
  
  
 Michel Barrett  - Shadowlake Village, Blacksburg, VA
  http://www.shadowlakevillage.org/
  
  

----------------------------------------
 From: "Tiffany Lee Brown" <magdalen23 [at] gmail.com>
Sent: Sunday, October 11, 2015 3:42 PM
To: "cohousing-l [at] cohousing.org" <cohousing-l [at] cohousing.org>
Subject: [C-L]_ Best ways to seek collaborators?   

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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