Cohousing-L Mailing List: Re: Afforability

[peterpiper (peterpiper]

An input from the UK ...

We, LILAC, are planning to use an innovative new tenure model Mutual 
Home Ownership Society. Rather than people buying a house, they pay 
approx 35% of their income to buy equity shares in the Society, which 
owns the cohousing development. We've costed how this will work, and the 
minimum household income needed is approx US$ 26,000. We want a diverse 
cohousing community - not just rich people - so this model is the system 
we are going to use.

There are some more details in Section 1.5 of our Project Development 
Plan: http://www.lilac.coop/home/61/. But the best people to talk to 
about it are the people we got the idea from: CDS Co-operatives 
(www.cds.coop).