|RE: Cohousing in Atlanta -- Gareth Fenley||<– Date –> <– Thread –>|
|From: Rob Sandelin (robsanmicrosoft.com)|
|Date: Thu, 23 Dec 93 11:25 CST|
In reply to Gareth Fenley Greetings. I have a couple of experiences that may be helpful. I am with the Shringwood Cohousing Community in Washington. We are on 38.8 acres and have a mixed ownership model of condominium and cooperative land trust. Our layout is all the housing (17 units) is in the center of the land and we have a 25 acre greenbelt that is a cooperative land trust. The way we did this was by setting up two non-profit corporations, one for the condominium owners association and one for the land trust. The banks were involved in mortgages only for the condominium, which is defined through a survey and legal description. We raised the money to own the land free and clear by selling unit memberships at $25,000. These memberships paid for all the land and our set up is that each individual unit owner is responsible for design and funding of their own house (we are individual houses and lots). If you send me a mailing address I will send you an overview of how the ownership works. This was not a cheap solution, the legal work and survey ran over $20,000 which we all paid through a common assessment. One of the things we did is collect $2,000 per unit for a development fund which we then used as a cushion for assessments. Some of us can't pay large assessments right away so we "borrow" out of the development fund and make monthly payments until we are squared up. One big advantage in recruiting for cohousing is the security. When neighbors know and look out for each other it is a very secure place. This is a good point to attract people from other non-white cultures. Also as you recruit minorities try and add them as presentors in your recruitment efforts. In Washington there are a number of ethnic organizations such as the NAACP and Black Business Association which have been helpful in recruiting for cohousing.. As for ballpark costs I would say look at some local available real estate first and average out the costs for the site or building. Then add the average cost per square foot for construction in your area. In our area it runs $55 a square foot. Add whatever common elements you want to have.Then divide that total by the number of units. Finally, you might want to get into the review loop for the Cohousing Resource Guide. This is a collection of cohousing development experiences which is being compiled by the Puget Sound Cohousing Network. It is in first draft and the compiler is looking for reviewers. You can get on the review loop by calling 206-936-7157. ----------
Re: Cohousing in Atlanta -- Gareth Fenley Rob Sandelin, December 22 1993
- RE: Cohousing in Atlanta -- Gareth Fenley Rob Sandelin, December 23 1993
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