Co-op Family apartment for sale
From: Harriet Lewis (hlewissonic.net)
Date: Thu, 29 Dec 2005 08:36:35 -0800 (PST)
Subject: Family apartment available in Santa Rosa Creek Commons

Here is an opportunity of a family interested in co-housing to buy in at a very affordable price.

Santa Rosa Creek Commons, 23 years old, is a limited equity housing cooperative. Residents purchase a share in the complex of 27 apartments on an acre+ of land bordering a creek in downtown Santa Rosa. Upon leaving ( which rarely happens) the owners receive their share value back minus any damages that might have been done to the apartment.

Here is the information regarding the 3 bedroom apartment that will be available at the Commons in a few months.  It is a 1150 sq. foot  upstairs, downstairs apartment with 3 bedrooms and 1-1/2 baths.  It is one of 10 assisted units which means a family of 4 to 6 with at least one child under 15 are eligible.  The figures below are the maximum a family can earn.  As in all other assisted units monthly payments are regulated by the state and the payment is 25%of household income or a base rate determined by the state, whichever is higher.  We do have a buy in fee of approximately $3,000.
 
Income requirements:: 
Family of 4:  $37,300 maximum
Family of 5:  $40,300  maximum
Family of 6:  $43,250  maximum
 
We are looking for a family who want to live in a co-op and are willing to work and participate in  community life. That means they must attend one long monthly board meeting, be on 2 committees and put in at least 8 hours of work a month. We are self-managed.   There is a process required to get on the waiting list in order to be eligible. The family must have an initial meeting, attend 2 board meetings, attend a pot luck, participate in a work day, go to a committee meeting and have a  final interview to make certain everyone understands what is required of members.  All of this could be accomplished in a one to two month time frame if the family was in reasonable distance from Santa Rosa. It would be more difficult, although not impossible, for families living out of state . Interested parties may e-mail directly to < hlewis [at] sonic.net.> Please headline posts with
“Membership Inquiry”.

Or call Marley at 707-575-8946  after January 25., 2006.
 
 
 
 
 



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