Cohousing-L Mailing List: Re: Proforma, Feasibility Study, Business Plan, Proposal

[Sharon Villines (sharon]

On 7/17/03 11:53 AM, "Maggie Dutton" <mdutton [at] shaw.ca> wrote:

> When I had the meeting with the non-profit
> developer referred to below, he was supportive....said the proposal looked
> doable...that we qualify as a community group that they are mandated to work
> with...so...the good news is that we will qualify for $25,000. per "door".
> 2.5 acres will be made available as well for a spring 2005 build.  It is
> great news to have this support and I asked for a "letter of intent or
> something general to indicate support. [snip]

> I have an appointment with "THE" affordable housing developer for our
> region(on Monday the 7th) and must convince him that cohousing would fit
> with his mandate.  We want to lease a piece of land that the province will
> give through this developer and so must have his support as well to get some
> of the seed funding being provided by the new Federal/Provincial Housing
> Program.

Fabulous news! Both for you and for cohousing. Every kind of support one
community gets is a reference for another community to use.

Other than traditional business planning, I don't know how to do this, but I
would advise hiring a developer. They typically charge 10% of the cost of
the project. How this works with grant monies included I don't know. The
best way to find a developer is to talk to a bank that finances big
development projects. They know who will get the project done on time and
under budget. 

I don't really understand why your "non-profit" developer isn't doing this
work -- that is what developers do. You should only have to out line for him
what you want and you work together to figure out what can be done.

Sharon
-- 
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org



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