|Re: affordable cohousing||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Sun, 27 Sep 2009 20:31:28 -0700 (PDT)|
On Sep 27, 2009, at 11:22 PM, Grace Kim wrote:
And I encourage others to share similarly. Also I'd encourage everyone to complete the survey even if you didn't end up with affordable units in the end.
I couldn't figure out what to say. "Affordable" has many definitions. We built market rate condos and DC had a $5,000 tax credit for first time home buyers. There was also a bond program that paid down- payments or guaranteed mortgages at a lower than going rate if people qualified. That could have lowered the price of a home maybe $10,000 but the real benefit was no down-payment which not everyone has sitting around.
In some places affordable is 80% of the average price of homes in the area. So if there are high priced homes next door, a pretty expensive home would still be classified as affordable. It's a moving target.
Perhaps you meant "subsidized"? Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
- Re: affordable cohousing, (continued)
- Re: affordable cohousing Sharon Villines, September 27 2009
- Re: Affordable Cohousing Jerome Garciano, September 29 2009
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