Re: Diversity Problem
From: Lynne Markell (
Date: Tue, 7 Aug 2018 09:23:52 -0700 (PDT)
I like the idea of a combination of rental and ownership, but how does the new 
cohousing group get the money to construct the rental units? Even if there was 
a government program to provide a mortgage, no one provides 100% mortgages.  
Where do you get the down payment?  Our members are mostly seniors and are 
using current house equity to buy their units.

Could you tell us a bit more about the " limited equity ownership units"? 
Sounds like a municipal home ownership program. This would suit us fine and I 
would like to use it as an example with our city and province.  if there is 
something in writing that would be great or a website I can access.
Thanks, in advance,

Lynne Markell, 
Lmarkell [at]
(613) 842-5222

> On Aug 5, 2018, at 9:31 AM, Philip Dowds via Cohousing-L <cohousing-l [at] 
>> wrote:
> National averages are about two-thirds home ownership, one-third rental.  In 
> Cambridge, MA, the stats flip: One-third ownership, versus two-thirds rental. 
>  Cambridge is one of the safest, best-organized, well-serviced, 
> income-diverse, and fine-grain-integrated cities in the nation.  Even so, 
> many of my Cornerstone friends and neighbors remain convinced that home 
> ownership correlates with stability and civic responsibility, while tenancy … 
> well, is it really possible to rely on a neighbor who lacks an equity stake?  
> Some think that a high ratio of rentals will hurt our property values.  At 
> this time, we are 100% owner-occupied.  (I should not fail to mention that, 
> by zoning requirement, we include four limited-equity ownership units for 
> which resale is controlled by the City.)
> If our cohousing goal is to be a better cross-section of society, and to 
> include greater ethnic and racial diversity, then I think we should be 
> exploring models where the dwelling unit program is designed as two-thirds 
> ownership, and one-third rentals — said rental units owned and managed, of 
> course, by the communal HOA.  And every resident franchised by, and in, 
> equivalence.
> Thanks,
> Philip Dowds
> Cornerstone Village Cohousing
> Cambridge, MA
> mobile: 617.460.4549
> email:   rpdowds [at]
>> On Aug 5, 2018, at 8:58 AM, Crystal Farmer <crystalbyrdfarmer [at] 
>>> wrote:
>> As far as race, only about 40% of black households own their home, vs 71%
>> of white households.
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