Cohousing-L Mailing List: Re: Special Assesments

[Sharon Villines (sharon]

On Sep 5, 2013, at 10:17 AM, thea hensel <theahensel [at] gmail.com> wrote:

> We also have need for a much larger pool of money; needed to cover a
> substantial reconstruction.  We have to asses each unit a substantial
> amount and wonder if any co housing community has done this?

I don't know the California market but in general having large assessments 
apart from monthly fees will affect sales. It is considered a sign of a badly 
managed community. It would be better for the community to take out a loan and 
temporarily raise monthly dues to cover the payments.

That would also ensure that repayment follows the same proportions as your 
monthly dues -- size of unit or whatever. 

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