Cohousing-L Mailing List: a slush fund for temporary financial relief

[Rodney Elin (fruhead]

At Eastern Village Cohousing in Silver Spring, Maryland, our community
is discussing the benefits and issues of a significant HOA fee increase.
One of the counterpoint discussions was to create a sort of voluntary
"slush fund" to provide residents with short term financial assistance
in a time of need, if someone were to be laid off from work, or if
another resident had an unexpected emergency appliance repair, for example.


Such a fund would be entirely voluntary and there wold be no requirement
for anyone to contribute toward anything. 


Is there any community that has created or uses any similar financial
assistance program? If so, could you please explain your program so we
could glean your community's wisdom?


Thanks,

~Rodney Elin

Eastern Village Cohousing, Silver Spring