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Funding
Where is the money going to come from?
PEACH (the catastrophic health care fund) has money to loan, as does the Federation of Egalitarian Communities. Emma's has money, but last I heard they want to focus on the Seattle area (maybe they could be persuaded otherwise). Twin Oaks could probably be persuaded as well. Then there's National Co-operative Bank. Others?
The way you want to go here, i think, is with affluent community supportive individuals. Aron comes to mind, Jeremy Google perhaps, Alexis. There are more.
althoughthis can create a potentially awkward relationship between the "donor" and the acutal community members, especially if different visions/values surface later on.
-kas
PEACH (the catastrophic health care fund) has money to loan, as does the Federation of Egalitarian Communities. Emma's has money, but last I heard they want to focus on the Seattle area (maybe they could be persuaded otherwise). Twin Oaks could probably be persuaded as well. Then there's National Co-operative Bank. Others?
-sky
The way you want to go here, i think, is with affluent community supportive individuals. Aron comes to mind, Jeremy Google perhaps, Alexis. There are more.
- paxus
althoughthis can create a potentially awkward relationship between the "donor" and the acutal community members, especially if different visions/values surface later on.
-kas
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| Started By | Thread Subject | Replies | Last Post | |
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| BucketVonHarmony | FEC is looking to do somthing similar to NASCO | 4 | Jun 11 2008, 8:27 PM EDT by Kokopellyn | |
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Thread started: Oct 11 2007, 8:30 PM EDT
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The FEC is looking to do something similar to NASCO.
Basically the FEC would hold the title and lease the property to the community. The resident community would be required to adhere to the FEC principals. The FEC would guarantee that the bills and taxes got paid. The community would raise the value of the property by renovation or adding structures, and by doing so add to the assets the FEC can borrow against to buy land for another community elsewhere. There would be a gradually rising cost from the resident community as it gathered members and worked out kinks, until it stabilized on a regular monthly cost. Some sort of buy-out plan could be optioned in to the arrangement. If the resident community dissolved, the FEC would try to recruit another egalitarian community to form on the site. Laird is open to the idea of using PEACH funding to seed the idea. the FEC (with PEACH) has decent assets and could get a loan, I imagine. Emmas has 80 grand for a west coast community, and they are looking for a project just like this. |
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| thomvecchio | funding | 2 | Oct 14 2007, 1:32 PM EDT by miaya | |
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Thread started: Oct 9 2007, 4:29 PM EDT
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I like a model of starting small and then building assets over time. Avoiding debt and mortgages is important to me. Of course, I have an urban focus at this time so renting doesn't seem like a difficult proposition. Grants, low interest or revolving loans from small organizations that we know fairly well and are highly motivated to support communities (like Emma's, Twin Oaks or FEC) could be useful.
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| thomvecchio | affluent individuals | 1 | Oct 13 2007, 6:47 PM EDT by skybluestar | |
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Thread started: Oct 11 2007, 11:52 PM EDT
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Perhaps, these people should be invited to this site. I don't have any of their e-mails. A donor situation could work but I think it would work best in the form of a loan to the group rather than an individual holding the mortgage.
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