Re: Affordable Cohousing
From: Joyce Cheney (jcheneyjcgmail.com)
Date: Sat, 20 Aug 2016 13:27:53 -0700 (PDT)
Check out santarosacreekcommons.org , a limited equity coop going strong
since the '60s.  jc

On Sat, Aug 20, 2016 at 1:41 PM, Susan Adams <sadams430 [at] gmail.com> wrote:

>
> Hi all,
>
> I just can't wait any longer! Even though I don't have a great deal of data
> to offer yet, I do have links.
>
> Floyd Cohousing currently doing business as Jubilee, is en route to
> becoming a housing cooperative.
>
> If you want cohousing and affordability, I urge you to investigate the CoOp
> option.  If you become a market equity Co-Op you can make some money when
> you sell your home.  If you choose to become a limited equity Co-Op, you
> will only recoup what you have spent, but your community will remain not
> only affordable, but, depending on the market, often extremely affordable.
>
> Construction loans, blanket loans, and share loans are all available to
> Co-Ops.
>
> Check out these links
>
> http://www.rd.usda.gov/files/sr45.pdf     (very readable)
>
> http://coophousing.org/resources/owning-a-cooperative/buying-into-a-
> housing-cooperative/#paragraph14
>
> http://sharedcapital.coop/about/  (very impressive lending institution)
>
> http://www.uwcc.wisc.edu/pdf/Cooperative%20Equity%20and%20Ownership.pdf
>
>
> I was a little daunted by the possibility of complicated book keeping, so
> followed a recommendation to call a CPA in Wisconsin who specializes in
> Co-Ops.  It wasn't the first time (or the second) that a professional
> offered to spend several hours with us in a conference call without
> charge!  I commented on that to him...and his reply was  "anyone who works
> with co-ops wants to help more co-ops happen."  Not the first time that
> co-ops sounded like cohousing!
>
> You probably won't be the first cohousing co-op, but you might be the
> second!
>
>
> Susan
>
> --
> *www.jubileecoho.com <http://www.jubileecoho.com>*
> A great place to grow a family!
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