Development Financial Structure
From: Diana Porter (
Date: Sun, 17 Nov 2002 09:27:01 -0700 (MST)
Thanks to Heartwood for sharing your development stategy. We are a small, but active group hee in Cincinnati at the beginning of our process and how to structure membership is very much on our mind. Having grown up in a "live within your means" family and religious sub-culture, I am very attracted to the Heartwood approach to realizing a co-housing community. Get as much money up front as possible so that you have some capital to develop and don't have to borrow as much before we ever get to the building stage and get people to commit to membership so there is a more stable group.

Having said that, I also realize that this is a ticket to a homogeneous group of people made up mostly of two wage-earner families, well-educated professionals with a good salary, or people who can realize equity from a home. In cincinnati with 38% home-ownership and in Ohio with less than 25% with college degrees, that certainly narrows your pool of potential co-housers.

Does this upfront money discourage too many people from considering co-housing? Where can we get advise on this? Is ensuring rental units with possible land contracts for renters to eventually own an answer? Who pays for the rental units? Federal or state or non-profit money? Can those who have equity in a home use that equity to not only build their house but to help finance a rental unit ?

We would appreciate your experience and ideas on creating an urban co-housing community with some income mix.

Diana Porter

Cohousing-L mailing list
Cohousing-L [at]  Unsubscribe  and other info:

Results generated by Tiger Technologies Web hosting using MHonArc.