Tuesday, August 18, 2009

CDF Meeting

Just wrapped up an afternoon and evening with Church Development Fund. After meeting with CDF representatives and discovering some "changes in the rules" regarding our loan process... the leadership of Discovery will be investigating alternate channels to secure lending.

Next week The leadership of Discovery will meet to talk through some intriguing options. We will also meet with the seller of the property to negotiate an extension on our Letter of Intent as well as a new Letter of Understanding.

We will keep you updated as we continue to try and come to an agreement with the seller that will be honoring to God and prudent with what the congregation has entrusted us.

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