|Re: Concessions for Affordability||<– Date –> <– Thread –>|
|From: R Philip Dowds (rpdowdscomcast.net)|
|Date: Mon, 16 Jul 2012 02:04:03 -0700 (PDT)|
This sounds interesting, but ... What's included in the "condo fees"? What's in the "cohousing fees"? What's the ratio of one to the other? RPD On Jul 15, 2012, at 9:00 PM, Elizabeth Magill wrote: > > I'm not sure what you mean by assessments? > > Our affordable homes (25% of the total homes) have a lower condo fees in > perpetuity. They are calculated at a lower percentage of the project. > (condo fees are proportional to the original asking prices of the homes). > > For cohousing fees, we have as sliding scale: pledge what you can afford from > 5% of the average needed, to as high as you choose to go. (We publish the > average needed based on teh budget, then households pledge. So far, it always > brings in a bit more than the minimum proposed budget.) > > So the condo fees will be lower forever. The coho fees are higher or lower > based on each households own perception of their ability to pay. > > Our affordable homes are required by law to stay affordable when re-sold. > > -Liz > Elizabeth Magill > www.worcesterfellowship.org > > > > > On Jul 15, 2012, at 5:45 PM, R Philip Dowds wrote: > >> >> Folks — >> >> The City of Cambridge has something called "inclusionary zoning", which >> stipulates that all "large", private residential developments must include >> "affordable" dwelling units made available to the City for below-market >> housing controlled by the City. I have no problem with this; in fact, I was >> one of the citizen activists promoting the idea 15 years ago. >> >> Interestingly enough, Cornerstone Cohousing was the first private >> development to be captured by inclusionary zoning, and now has 4 affordable >> units as a permanent part of its 32-unit mix. The details of how all this >> works are not important here. What we're trying to figure out is, Should >> assessments on the affordable units be discounted, relative to the >> assessments on the market rate units? So my questions are ... >> >> Do you have a comparable program of subsidized units in your coho community? >> And, if so ... >> What consideration in assessments, or other requirements, do you extend to >> "affordable" units, such that they remain "affordable", and that your >> community thus supports economic diversity? >> >> R Philip Dowds AIA >> Cornerstone Cohousing >> 175 Harvey Street, Unit 5 >> Cambridge, MA 02140 >> 617.354.6094 >> >> _________________________________________________________________ >> Cohousing-L mailing list -- Unsubscribe, archives and other info at: >> http://www.cohousing.org/cohousing-L/ >> >> > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > >
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