Re: Affordable Cohousing
From: Susan Adams (sadams430gmail.com)
Date: Sat, 20 Aug 2016 14:03:47 -0700 (PDT)
This is wonderful information.  Thank you Joyce!

On Sat, Aug 20, 2016 at 4:27 PM, Joyce Cheney <jcheneyjc [at] gmail.com> wrote:

>
> 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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> > http://www.cohousing.org/cohousing-L/
> >
> >
> >
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>
>


-- 
*www.jubileecoho.com <http://www.jubileecoho.com>*
A great place to grow a family!

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