Re: Sr Cohousing Hits Mainstream Investing: Motley Fool
From: Ann Zabaldo (zabaldoearthlink.net)
Date: Fri, 20 Mar 2020 08:50:02 -0700 (PDT)
O Joyce, Mabel and all —

Egg on my face!  Maybe all over me …

The community I was thinking of is Sand River (previously ElderGrace) in Santa 
Fe, NM.  Their community was funded by Santa Fe Community Housing Trust.  Back 
when the community was in development and called ElderGrace, I spoke w/ the 
project director/manager for the Housing Trust.  Somewhere in that conversation 
I made a note that this would be the first or one of the first fully rental 
cohousing communities.  While the community did, in fact, receive funding 
through the a non profit community agency I clearly conflated the community, 
the funding and rentals altogether.

My deepest apologies to Joyce, Mabel and everyone on this list.

:-(

Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Member, Board of Directors
Mid Atlantic Cohousing
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654

I was going to make a joke about sodium and hydrogen, but NaH..


> On Mar 20, 2020, at 10:54 AM, Joyce Cheney <jcheneyjc [at] gmail.com> wrote:
> 
> Ditto re/ checking with no answer! Plz let us know. Tnx jc
> 
> Sent from my iPhone
> 
>> On Mar 19, 2020, at 10:37 PM, Mabel Liang <mabel [at] twomeeps.com> wrote:
>> 
>> Hi Ann, 
>> Cute but opaque answer.  I've wasted a lot of time reading the
>> description of each of the communities in AZ and NM, and did not find
>> one that seemed like it was rental cohousing, much less senior rental
>> cohousing. 
>> Could you please just _tell_ us the name of the community? 
>> Thanks! 
>> -- Mabel :-)
>> 
>> mabel [at] twomeeps.com
>> Mabel Liang
>> Cornerstone Village Cohousing
>> 
>> Cambridge, MA 
>>> On 2020-03-20 01:04, Ann Zabaldo wrote:
>>> 
>>> Hello Joyce!
>>> Check the directory on Cohousing.org <http://cohousing.org/>  - super good 
>>> resource on all things cohousing.  :-)
>>> Best --
>>> Ann Zabaldo
>>> Takoma Village Cohousing
>>> Washington, DC
>>> Member, Board of Directors
>>> Mid Atlantic Cohousing
>>> Principal, Cohousing Collaborative, LLC
>>> Falls Church, VA
>>> 202.546.4654
>>> I was going to make a joke about sodium and hydrogen, but NaH..
>>> On Mar 19, 2020, at 10:35 PM, Joyce Cheney <jcheneyjc [at] gmail.com> wrote:
>>> Where is the one rental coho in AZ or NM? I thot I knew them all. Tnx Joyce 
>>> Cheney Sent from my iPhone
>>> On Mar 19, 2020, at 3:11 PM, Ann Zabaldo <zabaldo [at] earthlink.net> wrote:
>>> Hello all --
>>> Here's an article on investing in Sr. Cohousing that appeared in a Motley 
>>> Fool newsletter.
>>> https://www.fool.com/millionacres/real-estate-basics/real-estate-terms/senior-cohousing-the-next-senior-housing-investment/
>>> On the one hand … YAY!  Invest in Sr. Cohousing!  Especially RENTAL 
>>> Cohousing!  FROM THE ARTICLE:  <Senior cohousing communities that are made 
>>> up of rentals will be more like owning a rental portfolio of single-family 
>>> homes. The cohousing rent model may become more popular as older people 
>>> consider housing options that will allow them to have more flexibility.>  
>>> YES!  PLEASE INVEST!  On the other hand…Uh oh.  Somebody needs to talk to 
>>> the writer before this goes further.  He got some of the characteristics of 
>>> cohousing kind of right.  BUT he is writing about a standard investment 
>>> model which may not fit the nooks and crannies of cohousing.
>>> For instance, I don't understand this from the article:
>>> Investing in senior cohousing requires a much different approach than most 
>>> other real estate investments. Cohousing communities are basically 
>>> neighborhoods that consist of like-minded people, so the investment 
>>> strategy would be similar to developing a subdivision. < Other elder 
>>> cohousing communities are a group of single-family rental properties.>  I 
>>> KNOW OF ONE SR. COHOUSING RENTAL COMMUNITY IN AZ OR NM.  ARE THERE OTHERS?  
>>> WE CERTAINLY NEED RENTAL COHOUSING BOTH INTERGENERATIONAL AND SR. COHOUSING.
>>> The writer doesn't address the deeper aspects of collaborative development 
>>> -- especially the future residents having a say in the design and 
>>> development of the community.  And having a say in many more aspects such 
>>> as the Bylaws.  Many more aspects …
>>> What do you think of this article?
>>> Best --
>>> Ann Zabaldo
>>> Takoma Village Cohousing
>>> Washington, DC
>>> Member, Board of Directors
>>> Mid Atlantic Cohousing
>>> Principal, Cohousing Collaborative, LLC
>>> Falls Church, VA
>>> 202.546.4654
>>> I was going to make a joke about sodium and hydrogen, but NaH..
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