Re: affordability | <– Date –> <– Thread –> |
From: Jeffrey O. Hobson (johobsonwheel.dcn.davis.ca.us) | |
Date: Wed, 15 Mar 95 01:51 CST |
Dan, I'd be very very *very* (can i put another emphasis on - oh yes, VERY) interested in the results of your research. N STREET AFFORDABILITY: Yolo County monthly median incomes are, per size of household: Size Median 1 $2484/mo 2 $2842 3 $3208 4 $3550 5 $3834 To my knowledge, renting a 3 or 4-bedroom house is about $750-950/month. By your definition (25% of 80% of median), that means renting is just barely "affordable" for a 5-person family. The reason N Street has the impression of being middle/low income is that a few houses are rented by several "households". For instance, my house holds 4 people, in 3 separate "households". About half the N Street houses have unrelated adults in them. I don't know about mortgage payments. If any N Streeters on the list would like to email me with the amount of their mortgage payments, I'd be happy to report a range to the list. SCHA COHOUSING PROJECT There is another quasi-cohousing community possibly coming about in Davis, being developed by a nonprofit organization in town, intended mostly for low-income single parents. It is not a resident-determined design, more of a resident-input design, so doesn't quite match the cohousing definition in the front of the journal. But, if you're interested, contact Luke Watkins Homestead Project Manager Solar Community Housing Association 2745 Portage Bay East Davis CA 95616 RESPONSE TO DAN SUCHMAN COMMENTS: Dan wrote: I suspect that the most of the existing affordable cohousing in the US has been creating by one of the following methods: (1) government coerced subsidy by the developer (e.g., requiring the developer to build a certain amount of affordable housing as a condition to building other market rate units), (2) direct or indirect subsidy by the wealthier residents of the community (such as having the community as a whole own a few rental units), or (3) rental units made available (usually at a financial loss) by absentee owners. N Street has both #2 and #3, although the "wealthier residents" who own several units and rent them out are not particularly wealthy, just somewhat generous. As to #3, I do not believe that any of N Street's absentee landlords are taking a financial loss by renting to members of a cohousing community. In fact, I believe they may be benefitting from the community, because they have basically guaranteed occupancy. Glad to see this discussion popping up again. Peace, Jeffrey Hobson johobson [at] wheel.dcn.davis.ca.us N Street Cohousing - that organic retrofit place Davis Energy Group - Energy Analysis, Mechanical Design, Product Development Davis Community Meals Cold Weather Shelter - community in flux Energy & Environment General Plan Review Committee, City of Davis - policies, policies, policies "Institutional affiliations are for identification purposes only"
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affordability REUER,JOHN PHILLIP,MR, March 13 1995
- Re: affordability Jeffrey O. Hobson, March 14 1995
- Affordability MartyR707, March 16 1995
- Affordability BPaiss, March 31 1995
- Re: Affordability Buzz Burrell, June 8 1995
- Re: Affordability Rob Sandelin, June 9 1995
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