|Q re. Affordable Housing (Jane Harper) in Cohousing-L Digest, Vol 192, Issue 20||<– Date –> <– Thread –>|
|From: gerhardleib (gerhardleibaol.com)|
|Date: Fri, 24 Jan 2020 11:10:03 -0800 (PST)|
In Cohousing-L Digest, Vol 192, Issue 20was a question about Affordable Housing (Jane Harper): "We are starting to creating two community-based neighbourhoods in SW British Columbia... "We anticipate that 25% of our members will be downsizing. After purchasing a smaller, less expensive unit in our community-based neighbourhood, many will want to put their "leftover" real estate profit $ back into a solid real estate investment. "To provide them with such an investment, AND to meet our goal of a multigenerational community (with no more than 1/3 seasoned citizens), we are considering the following ideas: "1. Create an in-house private mortgage fund from the real estate profits (above) and/or other investors who champion cohousing, but cannot/will not at this time become members. The fund would be ONLY for young professional singles/couples and young families who cannot "quite" make the grade for acommercial bank mortgage...." >From Gary Leib: EcoVillage at Ithaca NY does have some apartments which are >rented to young families or older members at lower rent. My understanding is >that those apartments were bought as coop units by people already living in >prior built units.During dinner there last summer, I met one man who owned and >was renting out at affordable level a unit in TREE, the place most recently >built. For info about EcoVillage at Ithaca, try by asking Liz Walker who is one of the co-founders.ecovillageliz [at] gmail.com https://ecovillageithaca.org/
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