National Cooperative Bank on the Ralph Nader Radio Hour
From: Steven Katz (katzcrawfordgmail.com)
Date: Sun, 13 Aug 2023 12:18:06 -0700 (PDT)
This week's episode of the Ralph Nader Radio Hour, titled "Financing
Co-ops", was devoted to an interview with the CEO of the National
Cooperative Bank.
https://www.ralphnaderradiohour.com/p/financing-co-ops#details

Housing co-ops are not the specific focus of the interview, but it is
mentioned in passing that 60% of the loans given out by NCB fall into that
category.  On the "About US" page of the NCB website, it is noted that they
gave out their first cohousing loan, $5.65M to Village Hearth in NC in
2019. https://www.ncb.coop/about-us/community-impact

Mention was also made of associated lenders Capital Impact Partners (
https://www.capitalimpact.org/programs/co-op-innovation-awards/) and
Rochdale Capital (https://www.rochdalecapital.org/borrow/who-we-serve).

I've been monitoring this list serve since the beginning of this year,
trying to learn what I can about cohousing for the benefit of groups
forming in Louisville, Morehead, and Lexington, Kentucky, all of whom have
attracted me to meetings, but none of whom are yet at the stage where they
are looking for financing.  But I know that there are others on this list
that might find the above even more interesting than I do.

Steve Katz
Lexington, KY
(859) 410-5755

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