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Financing Cohousing: Ideas and Options

Discover various financing options and strategies for cohousing feasibility and developments. Learn about grants, crowdfunding, debt, and other funding sources. Gain insights on how to find and access these funding opportunities.

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Financing Cohousing: Ideas and Options

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  1. Looking down the back of the sofa...Ideas and options for financing cohousing feasibility and developments http://about.me/adrianashton

  2. Why am I here? • National reputation for #socent #coops #startup • Train specialist enterprise advisors on financial planning • Part of national programmes to support sector growth, acting as lead on finance

  3. So you’ve got a great idea...? • Grants and gifts • ‘Crowdfunding’ • Commissions from HA, LA, etc • ?SITR (up to 50% tax relief for supporters at this stage as investment would be unsecured – no property yet)

  4. Grants A word of caution about grants... • Lead time • Restrictions on use • Cash-flow implications • Admin time/cost in monitoring & reporting • Risk of 'claw back' • Risk to credibility

  5. Crowd funding http://www.nesta.org.uk/blog/understanding-alternative-finance

  6. Crowd funding http://www.nesta.org.uk/blog/understanding-alternative-finance

  7. How to find the pots of money? • What have other people had success with? • Who do you know? (and who do they know?) • What are local priorities of wider bodies? (Council, LEP, etc – note to self: tell them the story about the Cambridge incubator)

  8. So you need to build it...? • Debt. • But comes in lots of flavours: loan, equity, loan stock, community shares, quasi-equity, mortgage, bonds, ... Many of which could (in theory) offer tax relief for the investor • Possibly some grant support (but would need to evidence specific criteria)

  9. What’s been used in #cohousing before? (an incomplete list) • Founder member using own savings/personal mortgage – Springhill Cohousing Community • Founder members collectively invest personally - (Lancaster cohousing) • Wider community ownership via #comshare – (various CLTs and housing #coops) • Part support from Housing Association – (Threshold Centre in Dorset)

  10. Where do we go from here..? • Define what we’re happy to manage on what terms • Swap stories with each other • Don’t be afraid to experiment (student housing coops, Personal Budgets to support shared housing for people with long-term ill health,...)

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