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The Importance of C-PACE in a tough lending market

Cohousing 4 Development Strategies

March 11, 2023
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Posted by Marcelo Bermudez

Two Effective #Cohousing Development Strategies for Market Rate and Low-Income Projects

Cohousing is a type of intentional community living where residents share common spaces and resources, such as kitchens and gardens, while having private living quarters.

There are various ways to develop cohousing communities, including using existing real estate and retrofitting it, as well as partnering with a non-profit developer for ground-up projects to access low-income housing tax credits.

  • CoHo Ecovillage in Corvallis, Oregon.

The community retrofitted an existing apartment complex to create a cohousing community with shared spaces such as a common house, gardens, and laundry facilities.

The community also prioritizes sustainable living practices and has implemented green features such as solar panels and rainwater catchment systems.

  • Swan’s Market Cohousing in Oakland, California.

This community partnered with a non-profit developer and built a ground up while accessing low-income housing tax credits.

The community includes 32 units, a mix of affordable and market-rate units, and features shared spaces such as a common house, gardens, and laundry facilities.

  • Petaluma Avenue Homes in Sebastopol, California

This community collaborated with a non-profit developer. The community has 14 units, a mix of affordable and market-rate units, and features shared spaces such as a common house, gardens, and laundry facilities.

  • Sequoia Village, also in Sebastopol, California

This cohousing community used a combination of existing real estate and new construction.

The community retrofitted an existing church to create a common house and built new townhouses on the property, making a total of 24 units.

There are a variety of strategies to develop cohousing communities. These examples show that these strategies can successfully create vibrant and sustainable communities for diverse renter/owner communities.

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Marcelo Bermudez

Capital and Strategy
Marcelo Bermudez is the CEO of Shōkunin, a commercial real estate and business capital and strategy advisory firm.

As a strategist, keynote speaker, and mediator, he helps owners and investors unlock value and achieve their business and financial goals.

With hands-on experience managing businesses and navigating complex commercial real estate transactions, Marcelo understands the challenges of growth, restructuring, and successful exits.

He works closely with his clients to deliver practical solutions and drive results.

   
   
Cohousing 4 Development Strategies