While today's housing market falls apart, cohousing projects in Madison, WI, aren't having problems selling units, according to an article on the Madison Commons web site.
Three cohousing projects already exist in Madison. A fourth in the works is providing a "little shining bright spot in the Madison housing market," a future resident of Arboretum Cohousing said.
Affordable for Troy Gardens was $109,500 for a two-bedroom condo and $139,500 for three bedrooms. The project used federal and local funds and the profits from its 10 market-rate homes to subsidize 30 below-market-rate units. This let sometimes expensive 'green building' elements to be installed in all 40 units.
Habitat for Humanity built one unit in the Arbco Cohousing project.
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