Re: Alternative financing
From: Kathryn McCamant (
Date: Wed, 22 Oct 2014 10:31:23 -0700 (PDT)
If you have more renters than homeowners (owner occupied units), you will
have a very hard time getting competitive mortgages. General
recommendation is to limit rentals to no more that 25-30% of your homes.
If you want to do  more, consider it as two legal communities so that
rentals do not impact mortgages and insurance rates in the ownership side.
Elderspirit in Abington VA is half and half, and I believe, two separate
communities legally, although not in spirit.  I believe the rentals are
owned by a non-profit.


Kathryn McCamant, President, Architect
CoHousing Partners, LLC
241 Commercial Street
Nevada City, CA 95959
T.530.478.1970  C.916.798.4755

On 10/22/14 8:40 AM, "Sharon Villines" <sharon [at]> wrote:

>On Oct 22, 2014, at 10:43 AM, John Goldberg <johngoldberg [at]>
>> Many cohousing communities put a high priority on home ownership vs.
>>renting, and on residents doing chores rather than paying for them to be
>>done. I would like to know if there are successful cohousing communities
>>that have more renters than owner and/or pay for many chores to be done.
>We have owners who have leased their units or rented for a period of
>months. We've had very good success with renters being as fully involved
>in the community as owners. There is really no difference. I would
>encourage long term rentals, however, because it takes time for people to
>become familiar and know how to participate and pitch in on workshare.
>We have an associate member status. They are like full members except
>there are a few legal decisions, like amending the bylaws, on which they
>can participate in the discussion but can't object to the decision.
>It is still difficult to have new people and get them educated and
>acclimated. It isn't a small task and needs focus. We have buddies for
>new people plus after move-in orientations.
>And it is wear and tear on the walls, doors, etc. I now know why condos
>charge $150 move-in and move-out fees. For one second floor unit that has
>had several changes in ownership and rentals, the wooden stairs of
>pressure treated wood and are quite worn (round edges) and need sealing
>again only 2 years later. The rest are fine.
>Note that it isn't the owners or the renters who move in and out, its the
>moving company. Or if the owners and renters move themselves, it's
>inexperienced people. It isn't easy to avoid damaging something.
>Sharon Villines, Washington DC
>"The truth is more important than the facts." Frank Lloyd Wright
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