Cohousing-L Mailing List: Re: Making Cohousing Permanently Affordable

[Sharon Villines (sharon]

On Jan 4, 2013, at 10:03 AM, Zev Paiss <Zev [at] abrahampaiss.com> wrote:

> They require this to be on the lien of the home and they are the ones to set 
> the sale and purchaser income requirements to limit what you can sell the 
> home for and who can qualify to buy it. It is very tightly controlled and it 
> works.

How do they control it? Is there lots of paperwork and delay involved? Does it 
affect bank financing?

Can prospective buyers easily figure out if they are eligible? This has been a 
problem with some programs that are based on arcane formulas only a numbers 
person can figure out and eligibility seems to change from month to month.

How are their condo fees calculated? 

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