|Re: Affordability||<– Date –> <– Thread –>|
|From: RowenaHC (RowenaHCcs.com)|
|Date: Sat, 29 Jan 2000 14:50:17 -0700 (MST)|
I'm sure this information is in the archives, but here it is again. Cambridge Cohousing sold two of our units to the Cambridge Housing Authority. The cooperated with us in finding tenants who have been compatible - the first ones are still here since we've only been around for a couple of years. We actually sold at a little under the "open market" price. We also arranged for another unit to become part of what is known as the Cambridge Condo Initiative, which is a City program for first buyers. The buyers, who must meet income eligibility requirements, buy with a minimum down payment and a subsidized interest rate. There is a limited dividend clause in the deed - in other words, on sale the buyer can only make a modest proft and must sell to another qualified buyer. We also delayed payment of a modest amount for one buyer until sale of the unit. RowenaC Cambridge Cohousing This was the best we could do in a red-hot real estate market.
- Affordability, (continued)
- Re: Affordability John Abrams, January 30 2000
- Affordability vbradova, April 3 2000
- Re: Affordability vbradova, April 5 2000
- RE: Affordability Rob Sandelin, April 8 2000
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