Re: affordable cohousing
From: Ann Zabaldo (zabaldoearthlink.net)
Date: Tue, 23 Feb 2016 06:31:29 -0800 (PST)
Hello Mary —

Can you give more details about your project?  Did your project get built sans 
the affordable units?  Or some of the affordable units?

What is the name of your community and where are you located?

What is the CROWN program?  Was it the funding mechanism for the affordable 
units?

I’m not quite understanding what actually occurred altho’ I do get it that what 
you envisioned did not happen.  I’m just not sure what the vision was and how 
it went off the rails.

Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654

My password is the last 5 digits of Pi …

> On Feb 23, 2016, at 5:15 AM, Mary English <mary.english [at] hsc.utah.edu> 
> wrote:
> 
> 
> Unfortunately the 'caste system' was very apparent and constant during the 15 
> years of the low income CROWN, rent to own program, here on the 5 units of 
> our 26 units. 
> 
> Only 2 of the five were able to get their bank loans to buy the 50% left on 
> their morgages.  2 more have been kept in place for a short time span longer 
> with a 3 year  interest only loan, with the 2 homes paying only condo fees 
> and taxes, and the full balloon payment due at the end of that time. The 
> result will be the turn over of the units at that time at market value. 
> 
> Not what we had anticipated or hoped for.  Mary
> ________________________________________
> 
> 
>> I wonder how common the 'informal caste system' due to varied
>> social-economic situations of the members is among communities?  Any
>> others' can speak to that?
> 
> I suspect people who are interested in cohousing are neither interested in 
> being the noble poor or the flamboyantly wealthy. Neither is likely to throw 
> it around.
> 
> Affordable when the issue is continuous subsidies from the rest of the 
> community, still sound like a problem down the line. Being idealistic now is 
> not always workable later.
> 
> Affordability by reducing construction costs is different.
> 
> Sharon
> ----
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