ICA Housing Seminar – Financing Housing Co-operatives in a Credit Crunch
Geneva, Switzerland
Financing the development of housing co-operatives is a challenge and more so in time of financial restrictions and uncertainty.
ICA Housing Members discussed the issue during the Seminar held in November 2009 in Geneva. Five presentations were made by ICA Housing members showing interesting and innovative initiatives.
The impact of the financial crisis on housing co-operatives
Impact of the financial crisis on housing coops in Europe – Claus Hachmann ICA Housing Board Member, President of the CECODHAS Co-operative Section and Head of International Relations of VSWG (Regional Federation of Housing Co-operatives in Saxony)
The effects of recession on Canadian housing co-operatives – Nicholas Gazzard ICA Housing Vice Chair and Executive Director of the Co-operative Housing Federation of Canada (CHF Canada)
Innovative financial mechanisms designed by the co-op housing sector
SVW Revolving Fund, Solidarity Fund and Solinvest Foundation – Stephan Schwitter Director of the Swiss Association for Housing SVW
Combination of a Housing Coop with a Saving Institution – Franz-Bernd Grosse-Wilde Director of the Spar-und Bauverein Dortmund
Leveraging assets to reduce borrowing costs – David Rodgers ICA Housing President, Executive Director of the Co-operative Development Society (CDS)
Also included is a presentation made by Ancab – Legacoop at the Cecodhas meeting in September 2009: