Cohousing-L Mailing List: RE: Another damned reporter...

[Rob Sandelin (robsan]

Dan Pacheco asked:

I was wondering if anyone could fill me in on how your community
was financed.  Did everyone pool their money together and
pay for the complex in a lump sum, do individuals own the land
immediately around their homes,etc.?

At Sharingwood our land purchase history is a bit complex.  A single 
individual bought half interest in the property, intending to form the 
community. Then later a partnership, which included the individual 
bought the second half interest in the property. So in our case the 
land was bought by a small group of people who pooled their funds to 
make a downpayment, then shared the monthly land payments for four 
years until the property was paid off.

Sharingwood is a air space condominium, which means that the building 
lot (1/3 acre) are owned by the individual so the individuals own the 
land immediately around their homes.