Cohousing-L Mailing List: Re: Bank loan

[Willie Schreurs (willie]

On Mon, 2 Sep 1996, Rowena Conkling wrote:

> Willie says - asking 30% deposit up front would forclose a lot of people and
> particularly affordability.
> 
> That is what we asked for!  A number of people couldn't come up with
> anything like that amount, and our affordability people only have to put up
> a token amount.

        Ah, I think I understand now.  I reread your original message and
realised that the 30% was a request rather than a requirement.  Your
deposit structure as I now understand it is not too different from
Greyrock's; it's just that you set a high deposit as a request, with
exemptions possible, whereas we set a low deposit as a requirement, along
with a request for more if possible. 


  /\                     Willie Schreurs                      /\
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