|paying for sweat equity||<– Date –> <– Thread –>|
|From: Ruth Chaet (rchaetmindspring.com)|
|Date: Thu, 7 Jan 1999 19:50:09 -0600|
I have been surprised reading some of the letters about paying for sweat equity. At Westwood, I don't think we ever considered paying members for sweat equity. What we have done is to set a price of $10.00 an hour and bill households for 5 hours a month. If a household puts in 5 hours a month, the charge is cancelled. Hours worked over the 5 are banked toward periods when the members may be away or unable to work. Those people who do not work at sweat equity pay the $50.00 or for any amount they did not work. The money we have had paid in for sweat equity by those who did not work was used to hire outside labor. Our policy has always been that no member is paid for work of any kind that is done for Westwood. Renters are expected to try and put in the sweat equity time for the owners who also pay for time not put in. We define sweat equity as any labor done that adds to our capital investment. Other work, such as general maintenance, is considered community service and is expected from each person. We are really just starting to set up a procedure for that and are discussing whether people should be charged some amount per hour if they don't put in a certain amount of time. Again, we would not consider paying any member for community service. Ruth Chaet at Westwood CoHousing in Asheville, N.C.
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