Cohousing-L Mailing List: Phased move-in

[Kristin Wells (cbuilderdd]

We are about half way through construction and it appears as though half of
our buildings will be done a couple months ahead of the other half due to
the way construction has moved around the site. We are interested in the
possibility of allowing people to move in once their building is completed.
I tried to look up this topic on the archives, but wasn't having much luck.

Our initial talk with a mortgage broker said it would be extremely unlikely
that banks would allow a mortgage to close if the entire project wasn't
complete. The common house is part of the latter half as well. She did say
that for cash buyers, it shouldn't be a problem, but there aren't too many
of those.

It is looking like the city will allow it.

Do any communities have experience with this? What did you find? Let me know
if I need to explain more.

Thanks!



-- 
Kristin Wells
Daybreak Cohousing, LLC
503.754.6776
Kristin [at] daybreakcohousing.org
www.daybreakcohousing.org