Cohousing-L Mailing List: Re: FHA approval: yes or no?

[Ann Zabaldo (zabaldo]

Hi Deborah — 

Greetings!


Which cohousing community are you with and where are you located?

Inquiring minds want to know!

On Sep 27, 2014, at 5:03 PM, Deborah Carey <boiester [at] gmail.com> wrote:

> 
> Hi,
> Our cohousing is considering getting FHA approval.  My understanding is that 
> FHA homebuyer loans allow for a lower downpayment, and other credit aspects 
> that encourage lower income folks to purchase a place.  I see also that the 
> HUD has a website for finding them.  
> https://entp.hud.gov/idapp/html/condlook.cfm.  
> 
> To decide we are creating a cost and benefit analysis.  Can you briefly tell 
> me what the advantages and the disadvantages have been for your cohousing if 
> you decided to get FHA approval?  If you decided not to get it, can you tell 
> me if your reasoning was sound, or if you feel now that you should have done 
> so?  Could you also tell me if the community in which you built had 
> requirements for low income units?
> 
> Thank you,
> 
> Deborah Carey
> boiester [at] gmail.com


Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Principal, Cohousing Collaborative, LLC
Falls Church VA
703-688-2646