|Re: Do any communities defer dues?||<– Date –> <– Thread –>|
|From: Kathryn McCamant (kmccamantcohousing-solutions.com)|
|Date: Tue, 6 Aug 2019 09:24:48 -0700 (PDT)|
I love the "Brother can you spare a dime" Fund. It really shows the compassion I hope communities can developer for people in need or times of stress. Katie -- Kathryn McCamant, President CoHousing Solutions www.cohousing-solutions.com On 8/6/19, 8:51 AM, "Cohousing-L on behalf of fergyb2 via Cohousing-L" <cohousing-l-bounces+kmccamant=cohousing-solutions.com [at] cohousing.org on behalf of cohousing-l [at] cohousing.org> wrote: At Swans Market we established a “Brother can you spare a dime” fund during the 2008 financial meltdown when we worried about what might happen if someone couldn’t pay their HOA fees. There wasn’t much appetite for the traditional remedy of fines and liens on property. Each household contributed an extra $10 a month for about a year to establish it. The fund is administered by the treasurer and it’s available to make interest free loans to households who have a temporary cash flow problem (usually due to job loss or illness) to cover HOA fees. It’s been accessed several times over the years and has always been repaid. We often discuss eliminating it but so far have always decided to keep it as is. It seems to work well as a kind of community insurance program. I would worry that outright forgiveness of HOA dues would breed resentments within the Community over time, due to the extra financial burden everyone else would have to carry. Bonnie Fergusson Swans Market Cohousing Oakland CA
- Do any communities defer dues?, (continued)
- Do any communities defer dues? Alan O'Hashi, August 4 2019
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