|Affordable units at Nevada City cohousing||<– Date –> <– Thread –>|
|From: Terry (Sarito) Whatley (terry.whatleygmail.com)|
|Date: Sat, 5 Jan 2013 13:46:36 -0800 (PST)|
We have 5 units (of 34) permanently affordable to moderate income buyers. This was a requirement of planning approval, along with 7 restricted rent carriage houses that must be included when building on our adjacent lots. These restrictions are based on a buyer having not more than a percentage of the county median income and a limit to the assets of the buyer. They are enforced by deed restrictions and the city uses a local bank to handle the paperwork. I do not believe any of those units have been resold in the 7+ years we have been occupied. Sarito
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