Equity Trust

This loan financed some predevelopment work on what was planned to be the first cohousing community in Connecticut.  It would have included thirteen affordable units among the thirty planned, as well as commercial agricultural land that could be made available on a long-term lease using the Equity Trust model.    Unfortunately, when construction was almost complete, the community’s bank lender ran out of patience and foreclosed on the project.  Its future is in limbo.