RE: Religious based cohousing
From: Rob Sandelin (floriferousmsn.com)
Date: Tue, 13 Mar 2001 20:24:01 -0700 (MST)
Sharon asked about mortgages of a  religious based cohousing group. The
Seattle Mennonite group formed out of its church. They purchased an existing
apartment building and did a small amount of remodeling. All their legal
documents are boilerplate LLC documents. Since they are small (8 units?) and
the demand is large, any resales just gets announced at church and that
seems to handle it just fine. (I don't know what their turnover rate is)

They appear to be able to get mortgages just fine because on paper there are
no requirements or restrictions on owning, selling or buying one of their
units. The selection part, e.g., members from their church, is entirely
voluntary on the part of the sellers.

Like I said, recruiting members for a religious based cohousing community is
going to be the difficult part, since I believe it is illegal to
discriminate on housing based on religion. So you can't advertise widely,
you have to advertise  very selectively, e.g., within a particular church.

Rob


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