November 15, 2016
Called Washington House (formerly known as Renaissance Village Homes), the project will be a 4- to 5-story cohousing condominium building at 4th and G Streets in West Sacramento. The site is a block from the Sacramento River and River Walk, 3 blocks from Raley Field, 6 blocks from The Barn, about 10 blocks from West Sacramento City Hall and Carol’s Restaurant. Being less than a half-mile from Tower Bridge, the site is also within easy walking distance of downtown Sacramento, including the new Golden 1 Center.
A co-housing community is one where every household has its own private living space, and the group shares large areas of common spaces, usually including an industrial-strength kitchen and dining area, “club [multi-purpose] room”, and a unique arrangement of additional amenities as determined by the planning group. There are usually 2-4 common meals a week, and other shared resources. In the case of an urban community like this one, shared bicycles, and perhaps even a car or two, are distinct possibilities. It’s all up to the core group of members/planners who begin the project.
Typically, a small number of households (6-12) form the core of the community and they are the ones to obtain the land, hire the developer/architect(s), obtain the entitlements and arrange for construction financing and completion. Other participants can buy in at any time, with all funds being credited toward the final purchase price of the private unit upon project completion (usually 2-3 years). In addition, there are often incentives for early buy-in, such as an additional credit toward purchase (some fraction of the amount, possibly up to 100% at various points in the process), to provide up-front capital. These early members also have first choice of the private units.
This project is intended to be adult-oriented, but not age-restricted. While it will not have playground equipment or other child-oriented amenities, families with children are welcome to join if they wish. They anticipate a mixture of retired and working families, and diversity in all its dimensions will be welcomed. The first phases of the group planning process, during which the power and promise of cohousing emerge, are scheduled to begin in November and December, so this would be a great time to explore the possibilities!
Contact Alex Kelter at email@example.com for more information.