Cohousing-L Mailing List: Re: Rental Cohousing?

[David Mandel (dlmandel]

    Interesting in the immediate comparison it conjures with the community land 
trust approach, which strives to maintain affordability in perpetuity by 
bifurcating ownership of the land (held by the nonprofit trust) and virtual 
ownership (very long-term lease) of the improvements by residents who must meet 
financial eligibility criteria and accept limitations on the price if they sell 
their interest. 
    A CLT, of course, is bound by its articles of incorporation and by-laws to 
maintain this arrangement. What would keep your developer from altering the 
relationship if something else turned out to be more profitable? How long would 
he be bound by it? And is the whole idea to have it market-based, with no 
provision for subsidized low-income units? If so, I don't see that prospective 
residents would prefer that to the more "traditional" (am I really saying 
that?) cohousing model in which they benefit from ownership and don't become an 
ongoing profit center for a landlord.
    David Mandel, Sacramento

Zev Paiss <zpaiss [at] comcast.net> wrote:  PLEASE, TRIM YOUR TAILS. That is, 
minimize quoted material
 on replies.  See  http://justcomm.org/jc-faq.htm#Q8

Howdy,

I am working with a Tampa, FL developer who is interested in long- 
term rental cohousing. His corporation would own and "manage" the  
homes.  What do you all think?

Zev

Zev Paiss
Abraham Paiss & Associates
Building Sustainable Communities Since 1992
1460 Quince Ave. #102
Boulder, CO 80304
303-413-8066
www.AbrahamPaiss.com
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