Re: Saving the Planet - do we use straw bale?
From: David Mandel (dlmandelpacbell.net)
Date: Thu, 25 Dec 2003 02:26:14 -0700 (MST)
    There were 11 households that received some initial subsidy, six
low-income and five moderate, out of 25 total at Southside Park. The other
factor that really made affordability work initially was that we had no
minimum up-front investment required for the low-income people. So some who
had next to nothing were still able to join.
    Unfortunately, however, the affordability was only temporary. For 10
(moderate) or 30 (low) years, sales were supposed to be only to someone in
the same financial category and at a restricted price. But the housing
authority that partnered with us on the deal has not been interested in
maintaining/enforcing even this much, so affordability is disappearing as
original subsidized owners move on (though more than half remain) and the
neighborhood gentrifies.
    It was nice for a start. But to maintain long-term affordability,
limited equity co-op and/or land trust is the only way to go.

David Mandel

----- Original Message ----- 
From: "Elizabeth Stevenson" <lilbert [at] comcast.net>
To: <cohousing-l [at] cohousing.org>
Sent: Wednesday, December 24, 2003 7:05 PM
Subject: Re: [C-L]_Saving the Planet - do we use straw bale?


> FYI-There were quite a bit more households that got help from the city,
> either low- or moderate-income. I think about half the households got
help.
> I can think of 5 low-income households at least, and there were more
> moderate-income households than that.
>
> Liz
> >
> > Southside Park is notable for the affordability it acheived, not just
for
> > the subsidised units,of which there were 5, but for everyone involved.
This
> > enabled people on incomes which are relatively low by cohousing
standards to
> > buy in,  In 1996 when I surveyed the community, one quarter had annual
> > incomes <$20K and another quarter had incomes between $20K and $30K.
> > Cheers
> > Graham
>
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