|re: safe-harbor rule applied to land trusts||<– Date –> <– Thread –>|
|From: Stephanie Fassnacht (fassnachssc.wisc.edu)|
|Date: Mon, 19 Aug 1996 14:25:48 -0500|
Rob, I like your idea of community's being the important thing in cohousing, not the ownership/non-ownership issue. You suggest that MACLT could own the land and that cohousing could be built as rental units, or of some mix of rental units on MACLT land, and some as market-rate, ownership units on private land. As I understand it, the mixed ownership model isn't possible under a PUD. Mixed ownership would require that the land be platted as individual lots which in turn would require streets, curbs, etc. As a PUD, there is no such requirement. As far as rental units, that is one thing the neighborhood has been adamantly against from the start, and I doubt if they are going to give on this issue. The reason is that the only reason they've agreed to have any buildings on the property at all is so that it will be financially feasible to maintain the community gardens (on the "other" 10 acres of the property) which have existed there for over a decade. The property is in an area with many rental units which have been the source of trouble to the neighborhood in the recent past. Stephanie Fassnacht Porchlight Cohousing Madison WI fassnach [at] ssc.wisc.edu
safe-harbor rule applied to land trusts Stephanie Fassnacht, August 19 1996
- re: safe-harbor rule applied to land trusts Stephanie Fassnacht, August 19 1996
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