Finance

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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,...
Views since 5/2014: 3,242
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: 140
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: 930
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: 599
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. "...
Views since 5/2014: 1,489
Off my usual topic of governance but this was a response to a question from a new community that I thought might be helpful to all new communities, and some settled ones. What should we buy of the kitchen? On small appliances: At 14 years we still have donations and have just started buying more...
Views since 5/2014: 3,189
On Cohousing-L, a member of a forming group asked a smart question: "What SHOULD we be worried about?" Philip Dowds, an architect living in Cornerstone Cohousing in Cambridge Cohousing replied: Plan on delay. Plan on surprising cost increases. Plan on flogging your way past disappointments...
Views since 5/2014: 3,480
HOA Pulse is website for Home Owner Associations. It has an excellent newsletter and is also a social media site for with focused discussions for topics related to homeowner association management. http://www.hoapulse.com Cohousing at 30+ years with communities aging and growing in size is...
Views since 5/2014: 3,340
Keeping a community’s finances untangled takes a team approach and some professional oversight.Two individuals who serve on their respective communities’ financial teams offer a look at the annual operating budget process. As the completion date of a new cohousing community nears, everyone...
Views since 5/2014: 4,878
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