Cohousing-L Mailing List: Initial financing by early members

[Tom Hammer (thammer302]

Hi All,

We of Concord Village are undergoing some re-thinking
about how best to reward and encourage the most
at-risk money that our "Equity Members" are being
asked to invest in our forming community (we have two
potential pieces of land that look very attractive and
potentially feasible.)  We have 7 equity households.

How does/did your community treat the initial
investments of your first members, which are obviously
very much at risk?  Loans?  Discounts on home prices?
If loans, what interest rate did you offer?  Perhaps
there are other incentives I haven't mentioned to
encourage investment.

Thanks in advance for your input.

Still glowing from the National Conference,

Tom Hammer
for Concord Village
http://www.concordvillage.org