Info hub for housing that you can afford and enjoy.
Saw a property that has great potential for your housing co-op?
Here are some property-first tips (abridged from our full Formation Guide):
- Tell your group about the property and get them excited. Review your preferences and finances (we recommend a free tool like Fireplace to help).
- Contact the listing agent or your realtor and setup a viewing with your group.
- Draft up the necessary documents, open a holding account, and start the nonprofit incorporation process. The lender will look for these three pieces to be in motion.
- Meet with a lender to apply for loan. We have a free guide to prep you for this meeting. Not having a solidified group can be tricky, but with an idea of how many people you want to participate, you can at least start crunching the numbers.