Cohousing-L Mailing List: affordability loans

[Diana Porter (porterd]

I am glad that the topic of affordable cohousing is being taken up on 
the listserve.  I would like to hear the story of how a group got a city 
to extend "afforability loans" and how they are being used.  Do you also 
use rental units in this way?  If so, who financed the units in the 
first place?  Is there any national money or should we be looking 
locally or to the state?

Our city like to tax abate as an incentive to build in the city.  They 
are currently abating for 15 years if you build new housing in the city 
which adds up to $30-40,000 saving over the next 15 years.   That, 
however,  doesn't help people who are struggling to come up with the 
down payment.

Is the affordability question tied to the diversity question in most 
cohousing communities?  Has getting some outside financing to help make 
some units more affordable made it possible to drawn in more individuals 
or families of color?

Thanks for sharing information.  We are a fledgling group in cincinnati 
who would like to be a part of the solutions in our city, not a part of 
the problems.

Diana Porter

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