Cohousing-L Mailing List: Re: Does your community have a voluntary resale donation agreement?

[roger cunningham (nengaku1]

Here at Cantine’s Island Cohousing HOA (Hudson Valley New York) we have a
“flip tax” which must be paid before or at the closing. We use a simple
formula: subtract the amount originally paid plus any significant upgrades
(documented) from the selling price and 3% of that number goes to the
community. We don’t currently have a structure in place to earmark those
funds but we’re considering doing that.
Roger Cunningham
Bookkeeper
Cantine’s Island

On Fri, Jul 31, 2026 at 12:45 PM Maureen McNair via Cohousing-L <
cohousing-l [at] cohousing.org> wrote:

>
> In addition to asking around, you might consider looking at your State law
> before deciding on a mandatory or voluntary donation. Communities might
> want to compare what kind of sales and marketing activities they’re engaged
> in with what only a licensed real estate agent can do.  This is apt to vary
> from State to State. Then , ask yourselves, or a friendly local real estate
> broker,  whether or not your State department of real estate might consider
> the donation an unlawful commission. We have a purely voluntary donation.
> Some sellers donate, some sellers donate generously, and other sellers
> don’t donate at all.
> Sent from my iPhone
>
> > On Jul 30, 2026, at 7:10 AM, Dyan Wiley via Cohousing-L <
> cohousing-l [at] cohousing.org> wrote:
> >
> > I know of two communities that have this in place and have raised
> sizeable
> > income to help finance needed improvements/repairs beyond what operating
> > funds and replacement reserves cover.  Takoma Village and PDX Commons are
> > two that I know of.
> >
> > Please let me know if you do this and how it works.
> > Dyan
> >
> > *Dyan Wiley*
> > *Resident, Cherry Hill Cohousing, Amherst MA*
> > *Chair, Seniors in Cohousing Committee | CohoUS*
> > *cell | 413.427.3790*
> > _________________________________________________________________
> > Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> > http://L.cohousing.org/info
> >
> >
> >
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> http://L.cohousing.org/info
>
>
>
>