Cohousing-L Mailing List: Large Increase in Capital Reserve requirements

[Chris Hansen (itschrishansen]

Hi everyone
We in Burlington CoHousing are a widely mixed-income group of 32 households
with 9 affordable units for people on lower incomes quite a number of
others on low or limited income and some of much more comfortable means
We have just undergone a Capital Reserve Study which has necessitated a
very steep increase requiring us to raise $50k-$60k each year for the next
9 or so years.
Needless to say, this is daunting, especially for those on lower incomes.
I'm wondering how other communities have handled similar situations?
Have any of you successfully created 'sliding scales' or means-adjusted
ways of enabling people to pay what they can afford?
Any other creative solutions or suggestions?
With thanks!


-- 
Chris Hansen
32 East Village Drive
Burlington
Vermont 05401
USA

Ph 603 3988730