|Re: Affordable / rental cohousing||<– Date –> <– Thread –>|
|From: Lynn Nadeau / Maraiah (welcomeolympus.net)|
|Date: Mon, 9 Sep 2013 09:34:40 -0700 (PDT)|
As Ann Zabaldo points out, the capital for the creation of rental or subsidized housing has to come from somewhere. Jerry McIntire points out that RoseWind in Port Townsend WA, has two homes built by Habitat for Humanity. We do. But the money for the land was donated. As we had made a zero-sum development budget (something I now counsel people not to do!) we couldn't afford to not get the income from selling those lots. The donation of these two lots to Habitat (which they required) was made possible by the gift of tens of thousands of dollars from a member's elderly mother. Smaller donations from other members of the community brought the sum up to the purchase price of the two lots. We are a lot-development model, with the cost of building a home funded by each respective owner. To have funded the give-away lots from buy in money would have added at least $2000 to each member's land purchase. Making some lots or units more affordable for some can entail making other lots less affordable for others. We do have some daylight-basement apartments that are rentals, but those were a considerable expense for the home builders, and typically were built so as to provide the owners with potential care-giver or relative housing, as moderate rental income would never catch up to recouping the construction cost. (I figure the cost of my ADU, with its extra kitchen and bathroom, at about $40,000 and the rental income is $360 a month including utilities, so functionally about $250 a month. ) Maraiah Lynn Nadeau RoseWind Cohousing, Port Townsend www.rosewind.org where this weekend saw hundreds of wooden boats paddling, motoring, and sailing by downtown in the sunshine for the annual Wooden Boat Festival: the multi-masted schooners were especially majestic to watch, like something from another century. now to put in some time in our food garden, and come home with carrots, beets, greens of many sorts, tomatoes, sweet peppers, potatoes,and of course zucchini; also some late strawberries and blueberries.
- Re: Affordable / rental cohousing, (continued)
Re: Affordable / rental cohousing Ann Zabaldo, September 8 2013
- Re: Affordable / rental cohousing Sharon Villines, September 8 2013
- Re: Affordable / rental cohousing KJ, September 8 2013
- Re: Affordable / rental cohousing Wendy Willbanks Wiesner, September 10 2013
- Re: Affordable / rental cohousing Lynn Nadeau / Maraiah, September 9 2013
- Re: Affordable / rental cohousing Ann Zabaldo, September 8 2013
- Re: Affordable / rental cohousing Fred H Olson, September 11 2013
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