Good summary of the Planning Commission meeting. Thank you. The conflicting information is being considered by the PC, and many questions were not answered yet. One important point: all new MH can be high-quality, all electric, energy efficient, and a decent investment. It was great to hear that co-op ideas are considered a remedy to the legitimate concern about homeowners being at the mercy of someone allowed to overcharge for land rents. Over 100 years ago in the US, we saw the co-op ideas catch on, in the form of shared-equity co-ops as the co-ownership of homes, apartment buildings, and neighborhood shops. In today's example, the land of a MH community can be owned by a local co-op corporation, and each homeowner owns a share. The co-op will lease the land to MH shareholders, and the co-op will use predictable expenses to set the annual land rents. The goal is to break even; profitability is not the motivation. As another way to help finance new co-ops, we have possibility the co-op landowner gives up the speculative windfall of future land prices, and in return, converts that into an immediate investment. The net present value of that future capital gain could be worth a lot of money, based on recent trends in land prices. The catch is the homes in the capital project must aim to be permanently affordable. Affordability is a complicated business. I appreciate being able to comment here. P
Please explain the inappropriate content below.
