Re: Capital Improvements Funds | <– Date –> <– Thread –> |
From: Mariana Almeida (missmgrrlyahoo.com) | |
Date: Wed, 14 Sep 2016 10:29:55 -0700 (PDT) |
Berkeley Cohousing - we have one that was set up in the beginning of the community. We have condo structure, and the fee that is added to the monthly HOA fees, about $35 per unit per month. The fees are now indexed to inflation, so they will go up regularly. They have allowed us to make some improvements like fences, storage sheds, modernization of common kitchen. We typically save it up and spend it down every 3-4 years for something big. The decision-making process is like any other big project. It has forced us to consider whether a project is a new enhancement (which comes from Capitalization funds) vs. replacement of existing structures (which comes from Replacement Reserves.) It's been quite handy to have this fund. We are financially conservative community with many older, single women residents, so the monthly "tax" is more palatable than a big outlay. Hope this is helpful! Mariana From: "air [at] sharonvillines.com" <air [at] sharonvillines.com> To: Cohousing-L <cohousing-l [at] cohousing.org> Sent: Sunday, September 11, 2016 1:22 PM Subject: [C-L]_ Capital Improvements Funds Does your community have a capital improvements fund? How do you fund it? Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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Capital Improvements Funds air [at] sharonvillines.com, September 11 2016
- Re: Capital Improvements Funds Mariana Almeida, September 14 2016
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