Cohousing-L Mailing List: Re: Capital Improvements Funds

[Mariana Almeida (missmgrrl]

Berkeley Cohousing - we have one that was set up in the beginning of the 
community. We have condo structure, and the fee that is added to the monthly 
HOA fees, about $35 per unit per month. The fees are now indexed to inflation, 
so they will go up regularly. They have allowed us to make some improvements 
like fences, storage sheds, modernization of common kitchen. We typically save 
it up and spend it down every 3-4 years for something big. The decision-making 
process is like any other big project. It has forced us to consider whether a 
project is a new enhancement (which comes from Capitalization funds) vs. 
replacement of existing structures (which comes from Replacement Reserves.)
It's been quite handy to have this fund. We are financially conservative 
community with many older, single women residents, so the monthly "tax" is more 
palatable than a big outlay. 

Hope this is helpful! Mariana

 
      From: "air [at] sharonvillines.com" <air [at] sharonvillines.com>
 To: Cohousing-L <cohousing-l [at] cohousing.org> 
 Sent: Sunday, September 11, 2016 1:22 PM
 Subject: [C-L]_ Capital Improvements Funds
   

Does your community have a capital improvements fund?

How do you fund it?

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




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