Cohousing-L Mailing List: Re: Per Household or per person?

[R Philip Dowds (rpdowds]

Most cohousing attempts fail or take major detours before they are consummated; 
money invested in the fruitless efforts -- purchase options, attorneys, 
architects, etc -- is lost irrevocably.  So I need to ask ... what agreements 
did you have, if any, to re-share the financial burden if your project failed?  
(Perish, of course, the thought.)

RPD

Sent from my iPad

On Mar 19, 2013, at 10:58 AM, Diana Carroll <dianaecarroll [at] gmail.com> 
wrote:

> The way we at Mosaic Commons covered costs during development (up to the
> point where we got a construction loan) was that contributions were
> voluntary.  They were credited towards the final cost of your unit.  So no
> one was "giving" money to the group....they were essentially "loaning"
> money that would be paid back at purchase.