Re: Re: the microflat as a module in affordable inner urban design | <– Date –> <– Thread –> |
From: Sharon Villines (sharonsharonvillines.com) | |
Date: Mon, 15 Jul 2002 08:13:01 -0600 (MDT) |
on 7/14/2002 2:48 PM, Jock Coats at jock.coats [at] oxfordlibdems.org.uk wrote: > You borrow less because you are building at cost, not for profit. Business people please correct me if I'm wrong: One confusion about "profit" in business is that when you own your own business, the "profit" is your salary. It is not extra money. Someone has to be paid to do the work of developing the project. Thus doing it "at cost" will still include a developer's salary. "At cost" is often used to mean that the labor is donated. I don't think you can build an apartment complex with donated labor. If you are using invested funds, the investors will want to receive interest for the use of their funds. This can be as "profit" (shared risk) or "cost" (set interest rates) however you want to look at it but you still pay. Forming a non-profit corporation will enable you to avoid some taxes and receive certain kinds of grant moneys but this is very hard to do when there is a mix of affordable and low income units with market rate units. Some programs in the United States provide various special funds and tax relief as long as the residents stay for 10 years. If they leave or sell before that time, they have to pay back the money (a lien is placed on the property). After ten years, the property is treated like any other property. Your individual corporation could try something like that. It prevents people from buying for investment or to rent. Otherwise you have the same problems that others have mentioned of people being trapped by rising prices elsewhere. Sharon -- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.communityforum.net/mailman/listinfo/cohousing-l
- Re: Re: the microflat as a module in affordable inner urban design, (continued)
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Re: Re: the microflat as a module in affordable inner urban design Sharon Villines, July 14 2002
- Re: Re: the microflat as a module in affordable inner urban design Jock Coats, July 14 2002
- Re: Re: the microflat as a module in affordable inner urban design Sharon Villines, July 14 2002
- Re: Re: the microflat as a module in affordable inner urban design Jock Coats, July 14 2002
- Re: Re: the microflat as a module in affordable inner urban design Sharon Villines, July 15 2002
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Re: Re: the microflat as a module in affordable inner urban design Sharon Villines, July 14 2002
- Re: Re: the microflat as a module in affordable inner urbandesign Anne Jackson, July 16 2002
- Re: Re: the microflat as a module in affordable inner urbandesign Sharon Villines, July 16 2002
- Re: Ownership (was: Re: the microflat as a module in affordable inner urban) Jock Coats, July 14 2002
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