Cohousing-L Mailing List: RE: Fwd: the failure of cohousing in the united states

[Eileen McCourt (emccourt]

At Oak Creek Commons, where most of the homes are in the 350K-400K range, we
have one permanently affordable home at 53% of market value.  This home was
funded by community members forgoing a premium return on money loaned to the
community for construction.  We have created a non-profit, and hope to
eventually be able to extend affordability to additional units.

Eileen McCourt
Oak Creek Commons Cohousing
Paso Robles, CA

 

-----Original Message-----
From: Jim Rebman [mailto:seamus [at] indra.com] 
Sent: Tuesday, November 16, 2004 8:36 AM
To: Developing cohousing - collaborative housing communities
Subject: Re: [C-L]_ Fwd: the failure of cohousing in the united states

>
> So, once again, I ask where are these extensive partnerships with
> affordable housing, are they in urban areas, and is affordable in the
> quarter million dollar range or lower?

Here at Wild Sage in Boulder we have 3 carriage house units that were in 
the $100k range, 4 Habitat for Humanity units (which I don't know the 
price of) and and another 8 or so units in the under $250k range with 
several of these being in the $150k range.  This is out of 34 total 
units on a 1-1/3 acre urban in-fill lot.  We didn't skimp on our 5,700 
SF common house either.  This is in Boulder, one of the highest price 
real estate markets in the country.

So yes, people are doing it even in high-priced real estate markets.

-- Jim Rebman
Marketing and Outreach
Wild Sage Cohousing
Boulder, CO



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