Cohousing-L Mailing List: Maintaining affordability

[Graham Meltzer (graham]

Thanks Liz and David for the info.  But this is really fascinating ...

>     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

I've often wondered when it's said that a unit HAS to be onsold to people in
a similar low income catagory, and that the price HAS to be tied to median
income levels ... whether, in fact, that's what happens.  Who monitors and
enforces it and with what level of committment?

So David, do you think your experience is common?  Do you know of other
communities where the limitations on price rise have stuck and units have
remained available to low income folk, only?

Graham

graham meltzer
contemporary photography
15/27 ballow st, fortitude valley, qld 4006
ph: 07 3257 4852      web: www.grahammeltzer.com


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