Cohousing-L Mailing List: revolving affordability

[Melissa Bailey (bailey_ms]

Hi all, 
My name is Melissa Bailey.  I live at Sunward Cohousing in Ann Arbor, MI.   I 
am head of a committee studying affordability via short term solutions.  I 
searched list archives and found little on the subject post move in. We've been 
in existence 6+ years and have long had a system of one member loaning to 
another when there is a need.  Our association fees will increase significantly 
in 2005 and several households have expressed a short term, financial need.  As 
a result, the committee is exploring additional arrangements. One thought is to 
create an account which those selling their units can donate a % of their 
profits if they so desire.    This account would also serve as a mechanism to 
dole out short term loans for those in need.  Are any other communities doing 
such?  If so, do you have a board of directors?  How was the board identified?  
 What other means are communities using to provide post move in cost oversight 
long term?  Any additional info would be much appreciated. 
 feel free to email me off list via the means below - many thanks
cheers :)
 
Melissa Bailey
Sunward Cohousing
Ann Arbor, MI
bailey_ms [at] yahoo.com 


                        
---------------------------------
Do you Yahoo!?
 Check out the new Yahoo! Front Page. www.yahoo.com