|Re: Inquiry about Possible Policies on Renters||<– Date –> <– Thread –>|
|From: Anne Little (soliannacablespeed.com)|
|Date: Fri, 31 Jul 2009 10:27:37 -0700 (PDT)|
Quick note: FHA/HUD has restrictions on what percentage of units in a condominium project can be rented. If the number exceeds that % they may not make a loan to someone wanting to purchase a unit using an FHA loan. You can check this on their website. They also will not make a loan to buyers of condos if the bylaws include a Right of First Refusal clause. Hard lesson learned. Anne Little - JPC Seattle -----Original Message----- From: Mary Swenson [mailto:maryswenson [at] bellcoho.com] Sent: Thursday, July 30, 2009 8:00 PM To: cohousing-L [at] cohousing.org Subject: [C-L]_ Inquiry about Possible Policies on Renters I am a member of a committee at Bellingham (WA) cohousing gathering information about rental policies. The question for study is whether or not Bellingham cohousing wants to consider a policy that places limits on the number/percentage of homes that are not occupied by the owner and are rented out. We would be very grateful for any information from cohousing communities that have considered this question; what the considerations were; and whether or not the community adopted a policy or rule. If you have adopted such a policy we would be very grateful to learn what the policy is and/or to get a copy of the policy. Thanks much for any information anyone can provide. Mary Swenson Bellingham Cohousing _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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