Tag: Finance


Cohousing Costs After You Move In: Part II Findings of the Study

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 budgeting practices. In this Part II, we present some of the actual... Read More

Cohousing Costs After You Move In: Part I, Intro to Our Investigation

“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 the specific shelter expenses of... Read More

Reserve Studies and Why Every Project Needs One!

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, National Condo Advisors will be exhibiting as part of... Read More

Fannie Mae Supports Loans for Cohousing Homes

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 recognized by... Read More

Fannie Mae Language Supporting Loans for Cohousing Homes

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, and scroll down to Question #22. Click here to... Read More

The Development Side of Building Quimper Village

[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 easier to market the... Read More

Cohousing Seeking FNMA + FHA-HUD Support

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. “This very professional program and package directed to our... Read More

Access to Financing & Affordable Models of Cohousing

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, credibility and knowledge will bolster our mutual efforts to develop and promote strategies... Read More

Stocking Kitchen Appliances & Stuff

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... Read

What Should We Be Afraid Of?

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. Your group may have to deal one or more of... Read More