|Re: Affordable cohousing||<– Date –> <– Thread –>|
|From: Sarah Florreich (sflorreichgmail.com)|
|Date: Sat, 3 May 2008 05:44:01 -0700 (PDT)|
1. The unsubsidized costs are significantly higher (in the upper $200 to upper-$300K range), in other words, market rate for this area. 2. These are deed restricted so the sale price is set even into the future by a formula (pretty much the same formula that determines the initial price - it tracks the growth in median income of the area), with a little room for cost of capital improvements. This is required by the program that they are part of - we didn't have to come up with a mechanism. - Sarah On Sat, May 3, 2008 at 8:33 AM, Rod Lambert <rod [at] ecovillage.ithaca.ny.us> wrote: > > Congratulations on your successful effort. > A couple of follow-up questions: > 1.What were the unsubsidized cost of the units? > 2.Were you able to come up with any procedures to slow the inevitable rise > to market value when they resell which typically tends to wipe out the > affordable-ness after a few years? > > Rod Lambert > > --------------------- > Date: Fri, 02 May 2008 13:40:30 -0400 > From: Catya Belfer-Shevett <catya [at] homeport.org> > Subject: Re: [C-L]_ Affordable Cohousing > To: Cohousing-L <cohousing-l [at] cohousing.org> > Message-ID: <481B520E.3050209 [at] homeport.org> > Content-Type: text/plain; charset=ISO-8859-1; format=flowed > > Hi everyone, > > I wanted to let folks know we just got our prices, and are now able to > take applications via our lottery agent, SEB. you are not required to > be a MA resident. See http://www.s-e-b.com/lottery/forsale.php or call > 617.876.5919 ext 3 > > Prices: > * $136,500 for a 1 bedroom home > * $149,500 for a 2 bedroom home > * $170,600 for a 3 bedroom home > > See you at the conference! > > - catya > >
- Re: Affordable Cohousing, (continued)
- Re: Affordable cohousing Sarah Florreich, May 3 2008
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