Cohousing-L Mailing List: percentage of members to build

[Lew Bowers (lewbowers155]

This is my first attempt to participate in this site. I am responding to the
message listed in the subject line. 

 

Our new senior cohousing community - PDX Commons - decided that we would
start the participatory design process when we had 12 of our 27 homes
committed. We felt that was enough support to make us confident that we
would be a success but not so many that we ran the risk of members starting
to design their own customized home. For construction, our construction
lender required that we have 21 of the 27 homes committed before they would
close the construction loan. This was in addition to the guarantee of the
developer on the construction loan. We accomplished this on schedule and
began construction early this year. 

 

Lew Bowers or PDX Commons