Cohousing-L Mailing List: Exemplary senior projects

[Grace Kim (grace]

Tom-
That's because this program is to acknowledge Affordable Housing projects which 
have federal income restrictions and are typically not built by the private 
builders.( there are very few cohousing households that actually meet these 
income restrictions).

It would be great if some day private developers would build housing for low 
and moderate income families and seniors out of sheer goodwill- but my 
experience is that most mulitifamily home builders are only concerned about how 
maximizing their return on each unit.
So at this point public subsidies for affordable housing only go to non-profit 
developers and public/tribal agencies, to ensure those funds are truly going 
those with financial need.
That is the reason for the restriction on the award submittal.

grace h. kim
schemata workshop 
(sent via mobile messaging)
>  <
> 
> The primary constraint to applying for this MetLife Foundation/Enterprise 
> Award:  
> ?Applicants must be 501(c)(3) nonprofit organizations or Tribes/Tribally 
> Designated Housing Entities (TDHEs) 
> MetLife & the Enterprise Foundations apparently don't recognize that good 
> senior housing communities can be self developed or profitably developed 
> through the private marketn except under federal government scrutiny.
> Tom Lofft
>