1. Blue Ridge Cohousing Real Estate Investment Opportunity September 9, 2009

2. 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 What is Cohousing? 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. The BRC Design includes: 26 eco-friendly homes historic farmhouse and outbuildings pool playground ample common space What is Blue Ridge Cohousing? BRC Status: land site plan conditionally approved more than half presold low subcontractor bids ($84/sq ft construction costs) need $1.6m angel funding to build out the project

4. 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 16 homes presold (Equity memberships) at least $10K investment each bank preapproval many other prospective buyers Value Proposition

5. Between 28% and 63% total return (ROI) Project expected to take between two and four years 13% annualized Lender gets first position on property Lender can exercise first position right to take over ownership of unsold properties after four years 20% of proceeds from each home sale go towards paying back loan First six home exempted in order to speed development Deal commences after 17 equity members and sales contracts for 13 houses Value Proposition

6. Low risk of loss Secured by property valued at $1.4m Land and site costs covered when 19 homes are built There are currently 16 presales Good expectation of reward 28% to 63% 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 Value Proposition

7. 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 Market

8. [Differentiation] [Better] [Cheaper] Sustainable Advantage 2+ Year process for competitors to gain approval Community Housing Partners (CHPC) partnership Shadowlake Village Cohousing partnership BRC Product 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

9. 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 Management

10. Fundraising Schedule RoundDateAmountUse of Funds 1. BRC2007 - 2008 $1.4 million Land purchase with CHPC, Rezoning, Site plan, Home designs 2. Angel Investors Fall - 2009 $1.6m to $2m Take over land, finance infrastructure, finance first homes construction 3. BankWinter 2009- 2010 $250,000 est. Possible construction financing to accelerate build-out. Begin building homes.

11. [summary points go here] Summary