Re: Making Cohousing Permanently Affordable
From: David L. Mandel (dlmandelpacbell.net)
Date: Sat, 5 Jan 2013 01:27:26 -0800 (PST)
Sorry, I missed this before sending my earlier message. I think the limits that 
applied to us resulted from the fact that the funding for the subordinate 
affordability loans came from tax increment money that imposed such rules.
David

--- On Fri, 1/4/13, Zev Paiss <Zev [at] abrahampaiss.com> wrote:

From: Zev Paiss <Zev [at] abrahampaiss.com>
Subject: [C-L]_ Making Cohousing Permanently Affordable
To: cohousing-l [at] cohousing.org
Date: Friday, January 4, 2013, 7:03 AM


I was asked by David Mandel from "T" Street Cohousing in Sacramento, CA how we 
made our homes "permanently affordable?"

We didn't. The City of Boulder, CO has an inclusionary zoning ordinance that 
requires at least 20% of all new construction to be permanently affordible. 
They require this to be on the lien of the home and they are the ones to set 
the sale and purchaser income requirements to limit what you can sell the home 
for and who can qualify to buy it. It is very tightly controlled and it works.

The additional affordable homes were mandated again by the city when we asked 
for a density increase. They gave us the additional homes, but all of them ad 
to be in this program.

Zev
303.413.8066
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