Cohousing-L Mailing List: Re: Affordable Cohousing

[Sharon Villines (sharon]

On Mar 14, 2008, at 9:08 AM, Catya Belfer-Shevett wrote:

Thanks to Catya for laying out such a clear example of "affordable"  
means. These numbers change by geographic location but they give a  
good example of the price structure and income /asset requirements.

The one thing I wanted to add is that the a to keeping communities  
affordable is good budgeting and the establishment of regular savings  
(called "reserves") for large replacement and maintenance expenses so  
no one is hit with an extra assessment.

Not all households, particularly not if they qualify for affordable  
housing, will have personal savings sufficient to withstand a sudden  
bill for $800 as my daughter recently got in her building (not  
cohousing).

Sharon
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Sharon Villines
Takoma Village Cohousing,Washington DC
http://www.takomavillage.org