Cohousing-L Mailing List: Re: Investing cohousing funds

[Janet Murphy (janetmusicrn]

Hi Joann,
Many cohousing/condo association legal documents specify standard
restrictions on what investment vehicles you can use. You may not be able
to invest in stocks without changing your documents.
When we first organized Arbco we removed those restrictions from our
foundational documents. We have our reserve account invested in socially
responsible stock funds, municipal bonds, iBonds, a community investment
organization, and yes, CDs. We place funds we won't need for many years
into investments with higher benefits/risks.
Janet Murphy
Arboretum Cohousing