Cohousing-L Mailing List: Re: cohousing friendly banks

[Craig Ragland (craigragland]

ShoreBank has gotten some great press for this - here's a clip from
one of the Cohousing Now! issues:

Sustainable Industries (National) - 3/23/09
Co-housing carries less risk
Lenders view cohousing as a smart investment, "there are not as many
co-housing projects as there is demand"

A number of news articles have talked about various banks, financing,
and cohousing projects. Here's a link to the "In-the-News" archives
with 5-pages of links to the past articles, including the one above,
that have appeared in Cohousing Now! and on the Cohousing Website home
page:

http://www.cohousing.org/in_the_news

Including reprints of several of these articles could be used
effectively to "make the case" for bank loans - either for building or
mortgages.

Craig

On Tue, Apr 14, 2009 at 11:02 PM, Grace Kim <grace [at] schemataworkshop.com> 
wrote:
>
> When putting together a list of coho-friendly banks it's important to
> understand if it's a loan for the development of the overall project or
> for individual mortgages.
>
>
>
> ShoreBank Pacific is a lender in WA/OR (but based in Illinois) that is
> familiar with and supportive of cohousing from the development (overall
> project) standpoint.  They are working on a mortgage product for
> individual homes/condos but have yet to put it to market.  They are
> financing two projects in Portland that I'm aware of - Columbia
> Ecovillage and Daybreak Cohousing.  They are a sustainably-oriented bank
> and they get the economic/social/environmental benefits of cohousing.
> For more info see their website.
>
> http://www.eco-bank.com/
>
> http://www.shorebankcorp.com/bins/site/templates/splash.asp
>
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> grace h. kim, aia
>
> principal
>
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>
>
> schemata workshop
>
> an architectural collaborative
>
> 1720 12th Ave, #3
>
> seattle, wa 98122
>
> v.206.285.1589
>
> f.206.285.2701
>
> www.schemataworkshop.com <http://www.schemataworkshop.com>
>
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