Cohousing-L Mailing List: Re: affordable cohousing, not "gated"/ Habitat

[Elizabeth Magill (pastorliz]

Right.
This is a state home buying program for people who make 80% of median  
income. It does not allow rentals, and you need to make close to 80%  
of median to qualify for the mortgage.



-Liz
(The Rev.) Elizabeth M. Magill
PastorLiz [at] verizon.net
Worcester Fellowship
PO Box 3510 Worcester MA 01613
www.worcesterfellowship.org
508-450-0431



On Jan 24, 2010, at 6:45 PM, Sharon Villines wrote:

> On Jan 24, 2010, at 6:20 PM, Elizabeth Magill wrote:
>
> > So we can tell you what we know: the state believes that at $138,000,
> > $154,470 and $173,000 for a 1, 2, or 3BR home, people who make about
> > 80% of the median income can afford our homes.
>
> Just to clarify, they don't go below 80%? No 50% or 30%.
>
> Sharon
> ----
> Sharon Villines
> Takoma Village Cohousing, Washington DC
> http://www.takomavillage.org
>
>
>
>
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> http://www.cohousing.org/cohousing-L/