Cohousing-L Mailing List: Re: Limits on rentals with or without absentee landlords

[Sophie Rubin (yophiest]

I’ll add another perspective! I’ve worked in affordable rental housing in
the US for 6 years (tax-credit projects) and the populations are extremely
stable. While some of this may be the affordability - once you find a
below-market rate, rent-stabilized unit, you keep it - I do think it is a
demonstration of how, if renters have the right conditions, they’re not
more inclined to leave their communities than owners. I personally think
the biggest reason renter seem less “stable” is that they are forced to
move because of yearly rent hikes.

To address the issue that Sharon brought up about people getting attached
and renters having to leave: are there communities that have some owned and
some rental units? Like via an LLC associated with the community that owns
the rentals, not individual landlords? Then the rentals could be structured
to favor long-term renters without them risking displacement. More
stability for the community and for the renters themselves. And more
economic diversity for the community.

As a professional in the industry, I’m well aware that rental housing and
for-sale units are financed differently, but curious whether anyone has
made this work!

Sophie Rubin

On Sun, Jul 2, 2023 at 16:40 Sharon Villines via Cohousing-L <
cohousing-l [at] cohousing.org> wrote:

> > On Jul 2, 2023, at 7:15 AM, Melanie G <gomelaniego [at] gmail.com> wrote:
> >
> > What is the purpose of limiting renting in the first place?  It just
> > doesn't seem to be very kind to me.—
>
>