|Re: low/mixed income cohousing||<– Date –> <– Thread –>|
|From: Judy (BAXTER%EPIHUBVX.CIS.UMN.EDU)|
|Date: Wed, 10 May 95 13:56 CDT|
Date: Wed, 10 May 1995 (Lynne Farnum) wrote: <<In our local cohousing scene, there are many interested people who I would consider low-income: retirees; recent graduates with huge loans to pay off; single parents with modest incomes and high child care costs; social service workers whose jobs are fulfilling but pay very little. If we could build some units they could afford, they would not only join but would be among the most committed members. (Often the very same ideals that make someone attracted to coho also lead to employment choices that don't yield big bucks.) On the other hand, it is unlikely that a predominantly white, coho community, going to attract poor minority families from the inner city. There are a number of reasons, but the overwhelming one would be that no one is eager to share huge financial and emotional risks with people they feel nothing in common with. Why should they? >> Lynne, you speak my mind. We do, in fact, have 4-5 such low income people living in our community, in the condo homes in the rehabbed building - in small, studio-type dwellings. We were able to do this by buying as a coop and thus varying the downpayment required to what people could afford, having financing for part of the 30% down payment from non-resident members for whom we were buying the land and commonspace, and being willing to live more closely together than some would ideally have wished (varying degrees of comfort). ANd all were very very committed to cohousing. ANd we do get a lot of interest from folks who can't afford the new townhouses (and there's not much we can do. We haven't got any energy leftover to pursue subsidies). We hope to break ground on 7 of the final 15 in the next couple of months (and where have I heard that before?) Judy Baxter, Monterey Cohousing Community, (MoCoCo) Twin Cities Area, Minneapolis/St.Paul Minnesota e-mail: baxter [at] epivax.epi.umn.edu other mail: 2925 Monterey Ave So, St. Louis Park, MN 55416 Twin Cities CoHousing Network Voice Mail 612-930-7580 Voice Mail for Monterey Cohousing - 612-930-7554
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