RE: Limits on price appreciation | <– Date –> <– Thread –> |
From: Minnesota Malones (MikeJoToddmn.rr.com) | |
Date: Mon, 23 Aug 2004 07:42:29 -0700 (PDT) |
I don't know any cohousing group that has done this, but there are lots
of models of limited-equity housing cooperatives. Usually they are done
to preserve affordability that was originally achieved by getting
subsidies from local or state government programs. The folks at
Northcountry Community Development Fund here in Minneapolis have
experience in setting up limited-equity arrangements and also in working
with cooperatives to change previous limited-equity arrangements that
weren't very well structured and caused hardships for the members.
Margaret Lund, thier Executive Director, would probably be quite willing
to share some of the models they've developed for doing limited equity
in a way that works for members. You could send a message to her via
their web site, www.ncdf.coop and mention that I suggested her name if
you wish.
Joelyn Malone Monterey Cohousing, Minneapolis
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