Affordable Cohousing? | <– Date –> <– Thread –> |
From: David C. Ergo (dcergosonic.net) | |
Date: Tue, 27 Oct 1998 19:13:50 -0600 |
One of the barriers that a lot of people have had to cohousing is cost. Too many interested folks simply can't afford the thousands of dollars it takes to buy into a community. We want to offer an alternative. Windsor Cohousing in Sonoma County, California, is working to build a market rate cohousing project on a 1.5 acre parcel alongside a local non-profit developer's affordable housing community (3.5 acres) in Windsor. The Cohousing Company has been hired to do the site design for both projects, and will create a plan that integrates the two communities together as much as is practical. We would like to go even further than this, and have cohousing extend into the affordable community, so that a number of units in the affordable community effectively function as a part of our cohousing community. However, there are a number of legal, socio-economic and social issues that we need to identify and resolve before the non-profit developer could consider this. The idea, however, is still on the table. To qualify for the affordable community, a household will have to earn 60% or less than the area median income (the level changes depending on the household's significant assets). This translates as follows: Yearly Area 60% of Yearly Family Median Area Median Size Income Income 1 $38,000 $22,800 2 $43,450 $26,070 3 $48,850 $29,310 4 $54,300 $32,580 5 $58,650 $35,190 6 $63,000 $37,800 We need to know if there is any interest out there in helping us create a combined market-rate and affordable cohousing community. Please e-mail or call if you are interested, or know of someone who is interested, in either the market-rate or affordable component of our communities. And please forward this message to anyone else! Thanks, David David C. Ergo (707) 539-0132 dcergo [at] sonic.net
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Affordable Cohousing? David C. Ergo, October 27 1998
- Re: Affordable Cohousing? Fred H. Olson, October 29 1998
- Re: Affordable Cohousing? Karen Sharman, November 1 1998
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Affordable Cohousing? Maggie Dutton, September 10 2001
- 4 BR home available at Winslow Cohousing (Bainbridge Island, WA) Kristina Spencer, September 10 2001
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