The world’s first LEED-certified synagogue was saved from the auction block this week.
Congregation Beth David in San Luis Obispo, Calif., reached an 11th-hour agreement this week in proceedings with Mission Community Bank, according to the San Luis Obispo Tribune.
The synagogue had been slated for foreclosure Tuesday after defaulting on a $3.3 million bank loan late last year. The bank forgave $1 million of the loan, but the congregation could only raise $2.1 million of the remaining amount, leaving it $200,000 short by the deadline.
Built in 2005, the Reform temple was certified by Leadership in Energy and Environmental Design, an internationally recognized green building standard.
But the community was hard hit by the economic downturn, and dues from the 200 member families weren’t enough to keep up with the $18,000 interest-only monthly payments.