Cohousing-L Mailing List: RE: (no subject)

[mbaldwin-pidc (mbaldwin-pidc]

Bruce, that is the model Dorothy Day Cohousing in Saint Louis has taken. I
represent the NH and we have people mutually serving on each board. The
reasons for this are many, but primarily because of the long-term
tax-assisted financing, we retain title as the NH for ten more years, then
it converts exclusively to the Cohousing group. We worked with the CH group
to determine the best projections, and went with it. Unfortunately, our
projections were to low and too slow. We have a waiting list now that all of
the units are occupied. I would suggest that you be optimistic and scale
back as needed. It is easier to acquire too much land in a project like this
than to end up with too little. We are in the process of acquiring more
adjacent land in our urban setting to allow for expansion of this group.

Mike Baldwin
Executive Director
Pruitt-Igoe Development Corp.
1829 North 18th Street
Saint Louis, MO 63106
314 621 0079
314 588 1064 fax
314 974 7432 cell/home


-----Original Message-----
From: cohousing-l-admin [at] cohousing.org
[mailto:cohousing-l-admin [at] cohousing.org]On Behalf Of Bruce Hecht
Sent: Saturday, February 22, 2003 1:07 AM
To: Cohousing-L
Subject: [C-L]_(no subject)



Our cohousing group (CoHo) is preparing to create a partnership with our
local non-profit low income housing organization, let's call it Neighborhood
Housing (NH).  Together we would acquire a piece of land that is owned by
our county government and develop it. NH brings to the table, its experience
as a developer, its financing expertise and ability to access low income
housing funds, its ability to acquire the property directly from a
government agency at a very low price, and its reputation as a successful
low income housing developer. We bring buyers, both market rate and low
income and a group of people who want to develop an alternative housing
model (cohousing) for our community. NH is very excited about working with
us and creating a mixed-income cohousing project.

We need to project how many buyers we can deliver to the project at various
stages of development. Historically, what percentage of buyers commits after
a site has been locked in? What percentage after a conceptual design has
been developed? The list archives say you can't get buyers until you have
something physical to show them, but we can't move forward until we can show
our partner that we can bring them buyers. Any thoughts?

Thanks for your input,

Bruce Hecht



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