Cohousing-L Mailing List: RE: move in/transition questions

[Fleck (foam4u]

Hi,
Our construction loan institution and contractor allowed closing as sections
got done - we've got urban townhouses. One member couldn't sell their house
soon enough so agreed to pay for the interest cost for their section until
they did. It was a wash, though, because they had paid more than their fair
share up front (a "loan" to the group) and the group had agreed to pay
interest to people who'd done that. It wasn't fun for the bookkeeper but it
worked.

Anne Fleck
Jackson Place CoHousing

-----Original Message-----
From: cohousing-l-admin [at] cohousing.org
[mailto:cohousing-l-admin [at] cohousing.org]On Behalf Of Andrea
Sent: Thursday, July 10, 2003 7:58 PM
To: cohousing-l [at] cohousing.org
Subject: [C-L]_move in/transition questions



I'm looking for guidance and information from existing communities.
Remember back when you were moving into your newly constructed community?
How did you coordinate it in cases where members couldn't buy at the exact
time their homes were ready for purchase?  For instance, if job change or
current house sale couldn't be arranged in time, was there any leeway built
into the process by the community and/or developer?  Please share any
stories as to problems your community faced and how they were resolved.
Andrea Schulz
Oak Creek Commons
Paso Robles, CA
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