Cohousing-L Mailing List: Re: Inclusionary Zoning and Assessments

[R Philip Dowds (rpdowds]

Gadzooks.  Does that mean that four market rate units are carrying the 
subsidies of seven affordables?  Or did public funding enter this project in 
some way?

Phil Dowds
Cornerstone Cohousing

On Jul 16, 2012, at 10:30 AM, Zev Paiss wrote:

> 
> Friends,
> 
> Here at Nomad Cohousing in Boulder, Colorado we were also required to  
> meet the a 20% inclusionary zoning requirements for affordable homes.  
> On top of that, we requested an increase in our density which was  
> approved as long as all the additional homes were also affordable.  
> This meant that 7 of our 11 homes are permanently affordable. Three  
> are at 80% of AMI, 4 are at 120% of AMI and the remaining 4 are market  
> rate.  Our monthly dues are quite diverse ranging from the low 100s to  
> almost $500 per month. The market rate homes pay an additional $25 per  
> month.
> 
> Zev Paiss
> Nomad Cohousing
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