Cohousing-L Mailing List: Re: Rental Cohousing

[Sharon Villines (sharon]

> On Sep 15, 2017, at 10:28 AM, Liz Ryan Cole <lizryancole [at] me.com> wrote:

> There is no reason people could not be owners rather than renters, except 
> that financing could/will be a problem, especially if we end up with interest 
> in having mixed ownership and rental in the same coop (not sure that would 
> even be an option).

In Manhattan a number of years ago started condos for nonprofits. Since they 
owned their own spaces the rents didn’t keep going up with office space and the 
tax breaks for nonprofits were still available.

If the building is set up as a condo, the community could own some of them and 
individuals the others. If you have enough individuals who can buy units, then 
you can finance it—or are more likely to be able too. If the community is a 
cosigner, I would think it would be.

In doing the Grans, you might also look into funding for senior housing. And 
“innovative” senior housing.

It sounds like a great project.

Sharon
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Sharon Villines, Washington DC
"Design is the first sign of human intention." William McDonough