Report: In January 2010, the Cohousing Association of the United States (COHO/US) chartered an Affordable Cohousing Task Group. The purpose was to address the need for more affordable units in cohousing communities. Many communities have struggled to
create affordable units in their communities,...
Finance
Below is all of the content on our site that has been tagged Finance. Don't see what you're looking for? Try:
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Presented at the 2010 Cohousing Conference Views since 5/2014: 7,675 |
Philip Dowds, Cornerstone Village Cohousing (Cambridge, MA) Part I of this series described how Coho/US and CRN have co-ventured research into the annual budgets of cohousing communities; obtained the annual budgets of 20 communities comprising 611 units; and analyzed these budget materials to help develop some consistent interpretations of community... Views since 5/2014: 6,657 |
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Philip Dowds, Cornerstone Village Cohousing (Cambridge, MA) “Cost of living” refers to all the expenses sustained by a household in the ordinary course of life. It includes, not just the cost of housing, but also the cost of food and clothing, furniture, transportation, medical and child care, and so on. Traditionally, “cost of housing” has referred to... Views since 5/2014: 5,974 |
National Condo Advisors hosted a webinar on "Reserve Studies: Why Every Community Needs One." They have generously provided a PDF of the slides, attached. Views since 5/2014: 3,264 |
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Darlene Shannon, National Condo Advisors Editor’s Note: Learn more from a webinar on reserve studies we are planning with National Condo Advisors for January 2017; and at the 2017 National Cohousing Conference, where Darlene, and cohousers Sharon Villines and Lyons Witten will be presenting about reserve studies. Also at the conference,... Views since 5/2014: 5,621 |
Fannie Mae, the entity that sets the standards for home mortgages across the country, has confirmed that they will do loans on cohousing homes. They have included cohousing in their Project Standards Requirements FAQs.
Click here to link to the Fannie Mae Project Standards Requirements FAQs,... Views since 5/2014: 8,787 |
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Alice Alexander, Coho/US Executive Director Success! In response to seeking Fannie Mae support of cohousing, Fannie Mae has included specific language in its online FAQ’s to clarify that they will do loans on cohousing homes. While it is a relatively small step in the larger scheme of things, it is a big step for cohousing to be formally... Views since 5/2014: 3,998 |
Carolyn Salmon, Quimper Village Finance & Legal Team Leader [Part of the Session “How to Grow a Senior Cohousing Community,” presented at the Aging Better Together Cohousing Conference, May 2016 in Salt Lake City.]
Pat and David have told you the story of how Quimper Village was imagined, initiated and marketed. David will tell you it is a whole lot... Views since 5/2014: 5,453 |
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Alice Alexander, Coho/US Executive Director Attached and available for download are Coho/US packages seeking FNMA and FHA-HUD support. We encourage readers to use this package if helpful; for example, cohousing groups seeking financing and may want to share with banks; communities may want to share the "state of cohousing" with media.
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In our quest to expand cohousing, Coho/US has long recognized two major challenges: (1) accessing financing and (2) creating more affordable models. This month, Coho/US made headway in addressing both, establishing a formal collaboration with Partnerships for Affordable Cohousing. Pooling our reach... Views since 5/2014: 9,957 |
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