Cohousing-L Mailing List: Re: financing for special projects

[Ann Zabaldo (zabaldo]

Martha – –

Here at Takoma village we cover large capital improvements through careful 
funding of our reserve funds. 

Sometimes a project is funded through a combination of using reserve funds and 
donations from members.  

We have not used special assessments or any major fundraising targeted toward a 
particular project. Any "fundraising" that is done goes into the reserve fund. 

In the last three years our resale and rental pod has raised $30,000 in 
contributions by sellers who have contributed the money in acknowledgment of 
the money they saved by not using a real estate agent.  Our resale and rental 
pod saves homesellers an average of $20,000 per home sale.  The contributions 
are strictly voluntary. Funds go into the reserves for use on projects decided 
by the community. This past year the funds were used in part to buy the new 
solar array for our community. 

Ann Zabaldo
Takoma Village Cohousing
Washington DC



Sent from my iPhone

> On Mar 27, 2016, at 6:20 PM, Martha Wagner <wordbizpdx [at] gmail.com> wrote:
> 
> 
> I posted to the list recently asking if any West Coast communities with older 
> buildings have retrofitted them to prepare for the seismic Big One. There was 
> little response, but I also asked for input from communities anywhere about 
> how they’ve won approval to cover the financing of large projects that have 
> not been budgeted for.  So, to ask again… has your community managed to fund 
> such a project through traditional or member loans, special assessments or 
> some other mechanism? 
> 
> Martha Wagner
> Columbia Ecovillage
> Portland, OR
> 
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