Cohousing-L Mailing List: Re: Sun Village model - Houses owned by company

[Ann Zabaldo (zabaldo]

Hello Yusuf —

This reminds me  of the Cooperative system we have here in the US.

In a cooperative, you own shares in the corporation, you occupy a home but you 
don’t own the home.  When you want to move, you sell your shares.

Coops are very popular in NYC.  We even have quite a few here in DC.

One of the oldest, largest and most successful coops is right outside DC:  
Greenbelt.  It was developed by the federal government to house returning 
veterans returning from WWII.

http://www.ghi.coop

And of course we have the National Cooperative Bank.

http://www.ncb.coop

I’m not an expert in housing coops so I don’t know about the flexibility talked 
about in the FAQs on the Sun Villages website e.g. selling your shares to 
reduce your rent.  Haven’t heard of that but it’s sure a nice flexibility!


Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654

My password is the last 5 digits of Pi …


> On Mar 26, 2016, at 3:14 AM, Yusuf Pisan <yusuf.pisan [at] gmail.com> wrote:
> 
> 
> Hi,
> 
> There are very few cohousing communities in Australia. Housing is usually
> very competitive in big cities like Sydney, Melbourne and Perth. Houses are
> often sold at an open auction with multiple people bidding in a very
> competitive environment. This makes it tough, but not impossible, to get
> cohousing started.
> 
> One of the models that is being attended is by Sun Village where the
> company owns all the apartments, people pay rent on apartments they occupy
> and recover the cost through shares they hold in the company. A more
> detailed explanation of the model is described at
> http://www.sunvillages.com.au/questions.html
> 
> Are there any US based cohousing communities that have similar financial
> arrangements? Have other communities considered this approach? Would this
> also work in the US? Are there any pitfalls that you can see in this model?
> 
> Any thoughts and comments are much appreciated.
> 
> Thank you
> 
> Yusuf
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> http://www.cohousing.org/cohousing-L/
> 
>