ABOUT US: Our Process
Our Joint Venture Approach
At some point in their formative process, most community groups will find that they need
- guidance
- financial, legal & management resources, and
- capabilities of a professional developer
to bring their dream to reality in a timely and cost-effective manner. Cohousing Collaborative, LLC follows a joint venture approach that provides a balanced and reduced risk strategy towards joyous and sustainable community.
A joint venture involves the creation of a project entity (typically an LLC) in which Cohousing Collaborative, LLC and the future residents are partners. The specific roles, responsibilities, and rules of the joint venture are detailed in an operating agreement customized to the particular project. Typically, future residents focus their priorities on growing the social equity that will sustain their community while the professional project management team deals with the complexities of ‘building place’.
Unlike buying or building your own home, developing a residential project of 15 to 45+ homes with common amenities in collaboration with many other households, is a time-intensive and complex process that requires special skills, knowledge, and experience to manage the process and the legal and financial risks. Cohousing Collaborative, LLC bring to the table a full complement of skills, tools, technical know-how, and hands-on experience needed to undertake the complex business of developing a cohousing project.
In some market areas, Cohousing Collaborative, LLC will initiate a development project, coalescing a group of future residents towards a joint venture relationship. The inclusion of future residents on the project team provides many benefits, including increased certainty through presales. Additionally, if a property requires public hearings or other entitlement processes, the participation of future residents humanizes the face of the development team, frequently reducing opposition.
Learn more about our team...