I do not think it will be too difficult to raise $200K. That's 1000 sources providing $200 each or 200 sources providing $1000 each, or some other combination similar to those formulas.
One of the up sides of having a $200K budget will be that I will be able to pay everyone who works on the movie, and not be in personal debt by the time the film is completed.
The $200K budget includes making & marketing a significant amount of DVDs of the movie.
More on this movie as things happen. I am considering this generally as my 2009 Project #1. Much of it will be filmed in Brooklyn.