Cohousing-L Mailing List: RE: Confidentiality

[Fleck (foam4u]

Hi Sharon,

Well, my partner was the bookkeeper for this and I don't know who borrowed
what from whom. I haven't asked. We fast-tracked our project because costs
were rising 10%/year in 2001 (on a $6M project), which was faster than we
could save, and we knew we wouldn't be able to do it at all 12 months later.
There wasn't any need to make people's financial arrangements public a that
point but we did need to get the financing done within a group who's
friendship and trust was still in the development stage. The total amount we
each contributed and on what kind of schedule was available - just not how
we got the money.

Anne



-----Original Message-----
From: cohousing-l-bounces+foam4u=worldnet.att.net [at] cohousing.org
[mailto:cohousing-l-bounces+foam4u=worldnet.att.net [at] cohousing.org]On
Behalf Of Sharon Villines
Sent: Friday, March 05, 2004 10:49 AM
To: cohousing-l [at] cohousing.org
Subject: [C-L]_ Confidentiality


On 3/5/04 1:26 PM, "Fleck" <foam4u [at] worldnet.att.net> wrote:

> We had to come up with 20% down for our construction loan ($1.2m) and
> although people could qualify for the eventual mortgages they didn't have
> the cash up front for their percentage of the construction loan. so, some
of
> our individual members made internal loans to less liquid members who
> couldn't pay them back until they got their mortgages. This type of
resource
> sharing created a lot of goodwill and was completely confidential within
the
> Finance Team.

Note new subject line: Confidentiality

Do people really believe that these type of arrangements are confidential?
Do they need to be?
Why is it beneficial to have confidentiality?
How does it affect transparency down the line?

I'm a strong believer in the creative financing solutions that this subject
was raised in, I'm also a believer in transparency within the community.
That doesn¹t mean things have to shouted from the roof tops but I'm not sure
how you determine where "confidentiality" begins and ends.

I also have little belief that many people truly keep things confidential
down the road. If push comes to shove, things leak -- or they leak to some
people and not others causing even more problems than the intended
confidentiality agreement intended to protect against in the first place.

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

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