|Re: Cohousing communities within larger condo associations||<– Date –> <– Thread –>|
|From: Fred H Olson (fholsoncohousing.org)|
|Date: Sat, 10 Nov 2007 06:23:47 -0800 (PST)|
Joani Blank <joani [at] swansway.com> is the author of the message below. It was posted by Fred the Cohousing-L list manager <fholson [at] cohousing.org> -------------------- FORWARDED MESSAGE FOLLOWS -------------------- Response from Swan's Market Cohousing: When we were in development we were, as many groups are, an LLC, our (collective) equity contribution was structured as a loan from the LLC to the non-profit developer with which we were working. When the project was finished, the non profit sold our part of the building to us, we each got credit toward our units in the amount we each had put into the "loan" plus interest, the LLC was dissolved and replaced by our homeowner's association. The rest Swan's Market continues to be owned and managed by the non-profit and consists of 18 affordable rental apartments and commercial rentals (Two or three non-profit organizations are among the tenants). We have no ownership connection with them, but we pay into a shared reserve for eventual replacement of the roof that we share with the commercial building, and our HOA insurance is a subset of a policy that we each own part of. Four of our units share walls with commercial tenants, and on the ground floor we own just the ground floor of our Common House. our garden and our parking garage. The main floor of our CH and all our units are "air rights"condos. Since there aren't any other condos in Swan's Market, our experience will not be very helpful to you. Perhaps someone from Mosaic Commons, now under construction in Massachusetts will have some ideas for you. They and Camelot Cohousing are building two cohousing communities on a piece of land they purchased together. I know that at this time they have three LLC's. Each community has one, and there is a master one (is that the right word) that I think is called Sawyer Hill LLC or somesuch. I have no idea how the two condo associations will relate to each other once the place is built but perhaps someone from there can shed light on that situation. I know that there are a few cohousing communities that have a condo association within a larger condo association, but at the moment I can't name them. I hope that they will see your posting, Joelyn, and respond. And I hope they respond to the whole list like I am doing so we can all benefit by hearing what they have to share. Joani Blank Swan's Market Cohousing Oakland, CA Joani Blank land line (preferred): 510-834-7399 cell: 510-387-1315 joani [at] swansway.com http://www.joaniblank.com
Cohousing communities within larger condo associations Joelyn Malone, November 8 2007
- Re: Cohousing communities within larger condo associations Sharon Villines, November 8 2007
- Re: Cohousing communities within larger condo associations Fred H Olson, November 10 2007
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