Blue Ridge Cohousing Real Estate Investment Opportunity August 18, 2009

1. Blue Ridge Cohousing Real Estate Investment Opportunity August 18, 2009

2. What is Cohousing? • Cohousing is a neighborhood with: • • Clustered homes • • 100% pedestrian-oriented • • Open space • • Shared amenities • a common house (club house) • playground • community gardens • • A strong Home Owners Association (HOA) managed by residents • Despite economy, Cohousing interest is rising: • • 50% attendance increase in 2009 annual Cohousing conference • • Complimentary press in NY Times, San Francisco Examiner, etc. • • Increasing interest and membership in Blue Ridge Cohousing

3. What is Blue Ridge Cohousing? • The BRC Design includes: • • 26 eco-friendly homes • • historic farmhouse and outbuildings • • pool • • playground • • ample common space • BRC Status: • • land • • site plan conditionally approved • • 2/3 presold • • low subcontractor bids ($84/sq ft construction costs) • • need $1m angel funding to build out the project

4. Value Proposition • Valuable Property and Site Plan • • property independently appraised at $1.4m in 2008 • • $54K land and infrastructure cost per lot • similar 2009 Albemarle sales for $100K+ • • approved site plan in-hand very valuable • Valuable Membership • • 17 homes presold (Equity memberships) • • at least $10K investment each • • bank preapproval • • many other prospective buyers

5. Value Proposition • 40% Return on Investment (ROI) for $1m Invested • Low risk of loss • • Secured by property valued at $1.4m • • Land and site costs covered when 19 homes are built • • There are currently 17 presales • Good expectation of reward • • 40% ROI upon project completion • • Many interested are awaiting construction before deciding • Current Equity Members are “Pioneers”, most people are “Settlers” • • High demand for affordable lifestyle housing options in Charlottesville region • • Potential homeowners from outside Charlottesville

6. Market • Good prospects for regional housing market • • 1000+ jobs entering region due to NGIC • • Albemarle County’s onerous 2+ year zoning process will stall future builders • • [Add more stats from the recent regional housing report here] • Cohousing is a Growing National Market • • [points to support this go here] • National niche market with ample demand and limited supply • Potential homeowners from outside Charlottesville

7. BRC Product • [Differentiation] • • [Better] • • [Cheaper] • Sustainable Advantage • • 2+ Year process for competitors to gain approval • • Community Housing Partners (CHPC) partnership • • Shadowlake Village Cohousing partnership The recession helps people look at their life and think about what they want. It sort of breaks you out of what you’ve been doing. People start thinking about what their values are: One of them is community; another is sustainability. Put them together and you have cohousing. - Craig Ragland, Executive Director of Coho/US

8. Management • Blue Ridge Cohousing, LLC • • Dedicated group of prospective homeowners • • Very motivated with skin in the game • Community Housing Partners Corporation • • Built Shadowlake Village and Elderspirit Cohousing • • Focuses on affordable and green building • • Strong reputation • • National awards

9. Financial Projections • [put financial projections here]

10. Fundraising Plan

11. Summary • [summary points go here]