Cohousing-L Mailing List: Re: Sank like a stone

[Catya Belfer-Shevett (catya]

> Tom Hammer <thammer302 [at] yahoo.com> wrote:
>   Apologies if this has been discussed before...are
> there recognized sources for venture capital that will
> support fledgling cohousing communities in their most
> vulnerable stages, such as ours, when we may be close
> to a point where we have found a site but without the
> financial resources to tie up the land?

Hi Tom,

There are not a lot of recognized sources, which is part of why many 
cohousing groups work with a developer.  Where are you located?

Much of the time you can negotiate the closing costs on land so that it 
ends up coming out of the construction loan.  We didn't have that option, 
and so we did a bank loan for buying our land.  We are working with CFNE 
for additional funding right now, hoping for approval next week :)

        - catya

Catya Belfer-Shevett     'This is not the .sig you're looking for.'
catya [at] pobox.com           'You can go about your business.'
                                          'Move Along.'