Cohousing-L Mailing List: Financial Checks for Prospective Shareholders

[Diane Maluso (dmaluso]

Hi, folks.  I'm a member of TREE, the third neighborhood at Ecovillage
Ithaca in the Finger Lakes area of NY State.  We have decided to conduct
financial checks for prospective shareholders but do not have a policy yet
about exactly what we should check nor how to do so. I'd love to know what
other co-housing groups do regarding finances of prospective members.
Since shareholders sell their shares directly, as a neighborhood we're less
worried about checking for the ability to cover closing costs and any
mortgage. We're mostly concerned with assessing whether the prospective
member can afford our monthly fees. I'd appreciate any feedback, pointers
to your own policies, and shared experiences.
Thanks,
Diane Maluso   dmaluso [at] gmail.com
TREE Neighborhood
Ecovillage Ithaca <https://ecovillageithaca.org/>
Ithaca, NY