Cohousing-L Mailing List: Co-op Family apartment for sale

[Harriet Lewis (hlewis]

Subject: Family apartment available in Santa Rosa Creek Commons

Here is an opportunity of a family interested in co-housing to buy in 
at a very affordable price.

Santa Rosa Creek Commons, 23 years old, is a limited equity housing 
cooperative.  Residents purchase a share in the complex of 27 
apartments on an acre+ of land bordering a creek in downtown Santa 
Rosa.  Upon leaving ( which rarely happens) the owners receive their 
share value back minus any damages that might have been done to the 
apartment.

Here is the information regarding the 3 bedroom apartment that will be 
available at the Commons in a few months.  It is a 1150 sq. foot 
 upstairs, downstairs apartment with 3 bedrooms and 1-1/2 baths.  It is 
one of 10 assisted  units which means a family of 4 to 6 with at least 
one child under 15 are eligible.  The figures below are the maximum a 
family can earn.  As in all other assisted units monthly payments are 
regulated by the state and the payment is 25%of household income or a 
base rate determined by the state, whichever is higher.  We do have a 
buy in fee of approximately $3,000.
 
Income requirements:: 
Family of 4:  $37,300 maximum
Family of 5:  $40,300  maximum
Family of 6:  $43,250  maximum
 
We are looking for a family who want to live in a co-op and are willing 
to work and participate in  community life. That means they must attend 
one long monthly board meeting, be on 2 committees and put in at least 
8 hours of work a month. We are self-managed.  
There is a process required to get on the waiting list in order to be 
eligible. The family must have an initial meeting, attend 2 board 
meetings, attend a pot luck, participate in a work day, go to a 
committee meeting and have a  final interview to make certain everyone 
understands what is required of members.   All of this could be 
accomplished in a one to two month time frame if the family was in 
reasonable distance from Santa Rosa.  It would be more difficult, 
although not impossible, for families living out of state .
Interested parties may e-mail directly to < hlewis [at] sonic.net.> Please 
headline posts with
“Membership Inquiry”.

Or call Marley at 707-575-8946  after January 25., 2006.