Cohousing-L Mailing List: Re: Commercial Spaces included in Cohousing Footprint

[Sharon Villines (sharon]

On Jan 12, 2006, at 2:20 PM, WmlP [at] aol.com wrote:

> Our question is how to structure the bylaws regarding the commercial 
> spaces
> once they have been sold to commercial entities. They will not be 
> members of
> the residential Condo/HOA. Reserve fund assessments and insurance are 
> two issues
> that come to mind.

Why sell them? They could provide income for the community and if you 
own them, you can lease them to organizations that you would like to 
have in your building. Having these spaces to provide income would 
seemingly help you get construction loans,etc.

I'm really excited to see this kind of development going on. Please 
keep us updated about how things re going. There are other people out 
there attempting to do the same thing.

"Our most affordable homes are those that are already built."

Sharon
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Sharon Villines
Building Community: A Guide to Creating New Neighborhoods
http://www.buildingcommunitynews.org