Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s): GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.

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Greenbriar Sustainable Living Inc > USDA 502D - Direct Home Loan Program - Navajojoe

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Comment by shnepson Oct 21, 2022 8:45am

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Post# 35038362

RE:RE:RE:RE:USDA 502D - Direct Home Loan Program - Navajojoe

I did a simple calculation of how units in the Sage Ranch development are actually eligible for the USDA loans based on the $345,100 loan limit for homes under 2,000 sq.ft.
Technically the only eligible buildings would be the apartments (204 DU), the one floor Cottage Homes A (44 DU), Cottage Homes B (66 DU) for a total of 314 units or 31% of the overall development.

As for the ADU's that were mentioned there is the following stipulation (if you're receiving a USDA loan) the home is not designed for income producing activities. That does leave 69% of the development eligible for ADU's, or anyone not receiving a USDA loan.

Properties financed with direct loan funds must: