Cohousing-L Mailing List: Re: Cooperatives

[Lynne Markell (lmarkell]

I agree with making sure that local lenders understand _equity housing 
co-ops_. In Canada, credit unions are the best source for mortgages for 
individual members and the co-op itself.

In Ottawa we have made arrangements with Desjardins, a Quebec-based 
credit union, to provide mortgages/loans to individuals to buy their 
share. In Toronto, there are several credit unions that are known to the 
equity co-ops and the real estate industry.

Also important that there are lawyers who understand co-ops as well, for 
the incorporation, contracts, and purchase agreements.

Lynne


On 2017-08-02 7:10 AM, Rod Lambert wrote:
> EcoVillage at Ithaca has three neighborhoods, all organized as coops. Works
> very well. Just check that local lenders 'understand' them and will provide
> funding.
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--
------------------------------- Lynne Markell, (613) 842-5222 
lmarkell [at] rogers.com