Cohousing-L Mailing List: Rent to buy arrangements

[Betty Grant (beeegrant]

At Oakleigh Meadow Cohousing  in Eugene the idea of Rent-to Buy has 
surfaced as a possible way to stretch our economic diversity. Our 
concept: a current member or a group of current members purchase one or 
more still available units, then set up a "rent-to-buy" option for an 
interested party who cannot afford to buy-in outright. This would not be 
a money-making scheme for the "owners", however interest on monies 
extended to purchase unit(s) would likely be included in the terms.

Would love to hear if other communities have experience with this.

Betty, OMC Eugene