Cohousing-L Mailing List: Re: Cohousing-friendly financial institutions

[John Faust (wjfaust]

Actually, I'm surprised that CohoUS and/or FIC don't actually investigate,
advocate for, facilitate, implement, ... some national fund for cohousing
(or IC) development. If we think cohousing is truly a good investment and
serves both social and environmental restoration, it would be a fund both
associations and cohousing members (as well as others) should invest in.
[Clearly, one shouldn't expect the kinds of returns from another housing
bubble.]

One FIC project (Community Business Loan Fund<http://fic.ic.org/projects.php>)
seems to be a step in this direction though does not seem to be explicitly
aimed at investment in new ICs.

John

On Mon, Jun 15, 2009 at 8:36 AM, ehrbar <ehrbar [at] lists.econ.utah.edu> wrote:

>
>
> At Wasatch Commons in Salt Lake City, Utah we are considering putting
> part of our HOA reserve fund into a insured account at a bank or
> credit union which has a good track record of making loans for the
> construction of cohousing communities etc.  We still remember our own
> difficulties to get a construction loan in 1997.
>
> (a) Is it still as difficult for cohousing communities to get loans
> as it was back in 1997?
>
> (b) If so, are there financial institutions which are so much better
> than others that we should deposit our money with them rather than
> locally?
>
> Hans.
>
> Hans G. Ehrbar   
> http://www.econ.utah.edu/~ehrbar<http://www.econ.utah.edu/%7Eehrbar>
> ehrbar [at] economics.utah.edu
> Economics Department, University of Utah     (801) 581 7797 (my office)
> 1645 Campus Center Dr., Rm 308               (801) 581 7481 (econ office)
> Salt Lake City    UT 84112-9300              (801) 585 5649 (FAX)
>
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