|Re: Affordable Housing in Your Community - taking on risk||<– Date –> <– Thread –>|
|From: Richard L. Kohlhaas (rlkohlearthlink.net)|
|Date: Wed, 27 Jul 2011 16:02:32 -0700 (PDT)|
We have had similar problems at Casa Verde Commons. From: "Norman Gauss" <normangauss [at] charter.net> > Offering below-market housing to low-income people amounts to pretending > that there is just as little risk in doing this as there is for > middle-income people. If creative financing is resorted to, somebody has to > take on the higher risk of dealing with people whose reliability in making > payments may not be proven. > > In our community, residents who have arranged for affordability programs > have been arrears in their payments more than once since they moved in. In > the meantime, extra effort has had to be expended by our finance team to > repeatedly contact these people to get them to pay their bills. This is > time devoted to bill collecting that could have been devoted to more > constructive things. > > My point is that people with money present a lower risk than those on more > shaky financial grounds. Somebody has to take on this risk, and that may > amount to making the recipient of low-income less responsible for his/her > financial obligations. ------------------------------------ Dick Kohlhaas <rlkohl [at] earthlink.net> (719)633-8170 Board Member, Cohousing Association of the US Resident of Colorado Springs Cohousing Community at Casa Verde Commons Completed March 2003. 34 units on 4 acres www.casaverde.us
Re: Affordable Housing in Your Community - taking on risk Norman Gauss, July 27 2011
- Re: Affordable Housing in Your Community - taking on risk Richard L. Kohlhaas, July 27 2011
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