The land and structures are owned by the co-op, and people invest in the co-op to cover the value of their dwelling and an equal portion of the land and common infrastructure.

So why am I posting this is a banking thread? Well, the co-op will also serve as a community bank, since traditional banks won’t loan money for shares in a co-op. Instead, some co-op members will “over-subscribe” their investment in the co-op so that people with limited funding can make internal mortgage payments to the co-op.

But we need some of those heavy-hitters to get things going!

Thankfully the reality is that Transition-ers are up to some pretty amazing things (setting up companies and organisations faster than we can track) and won’t be told they can’t do it anymore. It’s key that Adam doesn’t know that or how advanced the economic shift is, as this means that the newly launched REconomy website is being visited by wider audience….

For those who are interested in the idea of new and innovative banking, finance and investment models, there will be a dedicated session at the REconomy Project conference on the 14th of September https://www.facebook.com/events/300532413364824/. So far Terssa Burton founder of Buzzbnk is confirmed on the session https://www.buzzbnk.org/, also, Jonathan Dawson, who teaches the MA in the Economics of Transition course at the legendary Schumacher College http://www.schumachercollege.org.uk/courses/ma-in-economics-for-transition
is 90% confirmed. i’ll be adding more to this list and throughout the REcDay event we’ll have loads of ‘doers’, people who are using these new forms of investment and finance, as well thinkers and ideas shapares. It will be interesting to see what shape this idea takes….