Cohousing-L Mailing List: Affordable Cohousing [was: Fwd: the failure of cohousing ...

[Fred H Olson (fholson]

The message quoted below was one of several responses to a questionable
message with the title:
> Fwd: the failure of cohousing in the united states
I'm pleased to see the thread evolve to the topic of affordability.
It could have evolved into a flame (tho the original poster is not a
subscriber and may not be reading replies).  Cohousing-L subscribers /
posters are a great bunch; youall make being list manager a pleasure.

On Tue, 16 Nov 2004, Eileen McCourt wrote:

> At Oak Creek Commons, where most of the homes are in the 350K-400K range, we
> have one permanently affordable home at 53% of market value.  This home was
> funded by community members forgoing a premium return on money loaned to the
> community for construction.  We have created a non-profit, and hope to
> eventually be able to extend affordability to additional units.
> 
> Eileen McCourt
> Oak Creek Commons Cohousing
> Paso Robles, CA
> 

I'm impressed.  Nice going.

Fred


--
Fred H. Olson  Minneapolis,MN 55411  USA        (near north Mpls)
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