Another curve in the road for the idealistic crew behind the Brooklyn CoHousing project, via The New York Times. Seems that the bank, already skittish lending to even experienced developers these days, is extra nervous about giving money to an experience group such as those trying to convert the South Slope warehouse into apartments with communal living facilities. Instead of closing with $1 million down, as they originally thought, they now need more like twice that amount.
More Trouble for CoHousing Group
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