|monthly dues and affordable housing||<– Date –> <– Thread –>|
|From: karen jacobsen (karenldrnearthlink.net)|
|Date: Mon, 30 Jul 2007 21:55:05 -0700 (PDT)|
We are a 13 unit community almost ready for move-in. Two of our units are "affordable". There are complicated income formulas for these households; they need to meet criteria for both the city and the lender. There are also 60 year equity limits on their homes. The details go on and on. We are hoping to hear from other cohousing communities which also have designated affordable homes. We chose to have the two "affordable" homes priced as high as possible (given all the constraints); this was done in lieu of HOAs. Different from what is comprised in the usual non-cohousing HOA dues, what does your community do with "softer" expenses like workshops/ trainings, child care, garden expenses, marketing, special assessments for community improvements, community events or parties, etc? Are they voluntary or required for all? Are they required for "market rate" houses but voluntary for "affordable" units? I assume these situations will be seen more and more, as municipalities require an affordability component for urban cohousing projects. Other interesting comments would be how you have handled class issues that emerge in such inherently two-tiered communities.
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