Housing Cooperative News
The Rich History of African American Cooperatives
Last month I had the great privilege of attending the North American Students of Cooperation (NASCO) Institute with two fellow CU Boulder students and seven additional members of the Boulder community…Read more.
Are Co-Ops the Answer to Expensive Housing?
Living with roommates is no longer just for college kids and Denver’s expanding millennial population. As builders struggle to keep up with the Mile High City’s housing demand… Read more.
Savvy Seniors Financial Education
For many disadvantaged older adults, the path to economic security begins with basic money management. Learning how to budget, avoid scams, apply for benefits… Read more.
Sarah Dawn Haynes: Co-ops: Don’t Repeat Mistakes of the Past (Boulder, CO)
After months of public debate — including many Mr. Rogers references — last week City Council took a big step forward and dove into substantive discussion of the cooperative housing ordinance. Council asked City Attorney Tom Carr to re-write large portions of the complex draft law. Read more.
Designing A San Francisco With The 100,000 New Housing Units The City Needs
To bring down San Francisco’s out-of-control rents, the city’s chief economist estimated that it needs to build an extra 100,000 housing units in the next few decades. Read more.
New commission might help SF housing crisis
A recent op-ed by Supervisor Mark Farrell in the San Francisco Examiner — “New, costly ‘Peskin Commission’ is not the answer to the housing crisis” (Aug. 9) — that opposed the creation of a commission having oversight over the Mayor’s Office of Housing and Community Development was a classic ad hominem attack. Read more.
Co-ops can be part of solution
As Boulder housing prices continue to rise, with the cost of an average home now over $1 million, the City Council has begun evaluating a variety of options to maintain a middle class of people able to live inside city limits. Read more.
Settlement sets stage for new chapter at Parade Park Homes near 18th and Vine
A Jackson County judge gleefully approved a mediated settlement Tuesday to a contentious lawsuit over the potential redevelopment of the Parade Park Homes residential complex near the 18th and Vine Jazz District. Read more.
More openness needed at co-ops
Co-op members and board members may find interesting some guidance from Robert Szold, the attorney who created the legal foundation for Amalgamated Houses, Park Reservoir, and many other New York cooperatives. It is taken from “The Functions and Duties of Directors of a Housing Cooperative,” a statement delivered by Robert Szold in 1956. Read more.
Affordable housing demands creative thinking and action
Some 40 million American households are paying more than a third of their incomes on rent, according to a recent article in the Wall Street Journal. This is particularly disconcerting given that the number had been trending downward in recent years. It infers a continuing rental affordability crisis due in no small part to a deepening income inequality across the U.S. Add to that a growing shortage in appropriate housing to meet the needs of our aging population (by 2030, one in every five Americans will be 65 or older), and it’s clear that the time for communities to address affordable and alternative strategies is now.
A forever home: Co-op veterans take communal
Gabrielle Hinahara has lived at Ambrosia Co-op for three years. While she’s loved the communal living experience Madison Community Cooperative houses offer, Hinahara wants something a little more settled. Read more.
Minneapolis may open door to more communal living
One City Council member seeks to change rules that limit the number of unrelated people who can live under the same roof. Read more.
The Decades Long Battle to Bring Reverse Mortgages to NYC Co-Ops
Many seniors living in housing cooperatives are largely shutout of the ability to tap into their housing wealth using a reverse mortgage. But while there has been little movement from regulators to expand reverse mortgage access to co-ops, there are several organizations who—even after 16 years—are not giving up the fight just yet. Read more.
Discover NCOA’s Aging Mastery Program®
Join us for a webinar on June 28 to discover all of the elective courses now being offered through NCOA’s unique Aging Mastery Program® (AMP)—and get a sneak peek at classes in development. AMP is a fun, innovative, and person-centered education program that empowers older adults to embrace their gift of longevity by spending more time each day doing things that are good for themselves and for others. Read more.
Longtime residents of an affordable housing cooperative near Kansas City’s historic jazz district are concerned a $76 million redevelopment plan will force them out of their homes
KANSAS CITY, Missouri — Archie Williams has lived in the Parade Park Homes complex just east of 18th and Vine for 41 years and savors the neighborhood’s proud African-American heritage. Read more.
Court hears dispute over Parade Park Homes
A three-day hearing started Wednesday in Jackson County Circuit Court over the future of the Parade Park Homes complex near the 18th and Vine Jazz District. Read more.
Advocate wants to turn parking lots into housing
Some of the most successful cities in the country are in a housing crisis, and advocates want to see the focus change from preservation to affordability. Read more.
Mortgages for co-op owners
If you’re 62 or older and own your own private home or certain approved condominium — and want money to pay off your mortgage, supplement your income or pay for healthcare expenses — you may be able to consider a reverse mortgage. Read more.
Senior Housing Cooperatives Sweeping the Midwest
KANSAS CITY, Mo., May 13, 2016 /PRNewswire/ — On Friday, May 13, 2016, Real Estate Equities Development, LLC, a senior housing cooperative developer, announced plans for multiple Village Cooperative senior housing communities coming soon to the Northland area in Kansas City. Read more.
Bipartisan Policy Center Releases Action Agenda for Healthy Aging
Healthy Aging Begins at Home, a report released by the Bipartisan Policy Center, outlines an actionable policy agenda to accommodate America’s older adults. Read more.
Sheetrocker Brings It All Back Home
Darren Smith found his way back to the old Dwight Co-ops with a drill and a T-square in hand so he could help give his childhood housing complex a second chance — along with his own carpentry dreams. Read more.
UrbaNerd: Some Numbers on Abandoned Property and Affordable Housing
In an article City Limits published Monday, reporter Abigail Savitch-Lew wrote a little about the city’s Tenant Interim Lease (TIL) program and Third Party Transfer programs. Abby’s article was about community land trusts, one of the newish ideas that some advocates hope the city will embrace as it aims to preserve 120,000 units of affordable housing and construct 80,000 over a decade. Read more.
City Slow to Embrace Land Trusts as Housing Tool
Across New York City, from the Far Rockaways to the South Bronx and from Bushwick to East Harlem, low-income communities are showing increasing fascination with the community land trust model. One might even call it a movement. Read more.
Minneapolis may open door to more communal living
SF Land Trust Acquires Another SoMa Building, Thwarting Future Evictions
Representatives from the San Francisco Land Trust, the city and a handful of Central SoMa neighborhood organizations gathered this morning outside 568-570 Natoma St. to celebrate the trust’s acquisition of the five-unit, rent-controlled building. Read more.
City’s Housing Plan Moves Away from Bolstering Homeownership
In a city with skyrocketing rents, homeownership can seem like the ultimate prize, a guard against displacement and a fast way to accrue wealth. Yet New York continues to be a city of renters: Only 31 percent of city households own homes, as opposed to 64 percent nationwide—and no city-sponsored policy is about to make that change. Read more.
Savvy Senior is a nationally syndicated information column devoted to older adults and the families who support them. Researched and written by senior advocate, author and NBC Today show contributor Jim Miller, Savvy Senior is published in more than 400 newspapers and magazines nationwide. Read more.
The Case for Co-ops
There’s something odd about 13th and Olive. Better known as Crap, er, Capstone, it’s a pretty blunt edition to downtown Eugene. But something about it just doesn’t quite make sense. A handful of the first-floor rooms are completely uninhabited, and yet they’re all done up: televisions turned on, beds made, journals on the desks and one or two lone T-shirts hanging in the closet. Read more.
Philadelphia Area Cooperative Alliance Philadelphia, Pennsylvania
Philadelphia Area Cooperative Alliance is a cooperative that exists to serve our co-op members and also a 501(c)3 nonprofit dedicated to growing the cooperative economy. Read more
Coalitions and Cooperation
NAHC regularly participates with coalitions of multi-family affordable housing organizations, cooperative organizations including the National Cooperative Bank, the National Cooperative Business Association and Credit Unions as well as consumer organizations including the Consumer Federation of America, in support of federal initiatives to benefit our members.
NAHC has joined coalitions in signing letters of support particularly to maintain (or increase) funding for affordable housing.
Buying a Co-op with ‘Dummy Money’
Ask Real Estate is a weekly column that answers questions from across the New York region.
Padding the Coffers
My fiancé and I bid on an apartment in the Bronx that requires us to have at least two years of mortgage and maintenance in savings, which we could borrow from a bank. Read more.
Residents buy two Rockland-area mobile home parks
ROCKLAND, Maine — Nearly 100 families have more secure housing after two mobile home parks were purchased by their residents. Read more.
New Video: How Not to Shop for Medicare
Choosing your Medicare coverage is not a “one-size-fits-all” decision. What works for one person may be totally different than what would work for you.
Rather than going with the first plan you hear about from your friend or coworker, it’s important to evaluate all of your options and find the best fit for your needs (and potentially save hundreds of dollars a year, or get access to higher quality care). Learn more.
Tax Escalation Clauses Save Money
Want to maximize commercial rents without affecting your tax status? Until the end of 2007, the so-called “80/20 rule“ of the federal tax code limited the rents that many cooperatives could collect for commercial space (only 20 percent of a co-op’s income could be non-shareholder). When the 80/20 rule was liberalized in 2007, it was suddenly possible for many cooperatives to adopt new techniques used by commercial landlords to collect more rent. Read more here.
Dealing with Illegal Hotel Rooms and Short-Term Rentals
When you consider the amount of money that people stand to make by renting out a room in their apartments, you can understand why so many co-op and condo boards have to handle shareholders and unit-owners who want to get in on some Airbnb action. Many of them may ask… (read more)