Bristol Village Cohousing Update--January 22, 2016

Hi Cohousing Friends:

The holidays are behind us, and we are well into the next phase of development for Bristol Village Cohousing. We want to bring you all up to date in another one of our occasional “newsletters.”

Successful presentations in December!

In early December we held two events to let people know about our project. Our meetings were at Howden Hall in Bristol and the Unitarian Church in Middlebury. Thanks to some great publicity from the Addison Independent, a local newspaper that ran a front page feature on our project (see attached), we had sizable crowds of 30 – 40 participants in each session. We presented floor plans, interior renderings, construction methods and materials, costs, pricing and monthly fees.

Our presentations were aided by members of the development team: landscape architect Katie Raycroft-Meyer and architect Jean Terwilliger.  Don Schramm of Burlington’s East Village Cohousing kindly devoted a big chunk of his weekend to letting people know the joys and practicalities of living in a cohousing community.

We offered interested participants $5,000 cash-back on closing if they committed to buying a home before February 15th.  The earlier the commitment, the more likely one would get their first choice unit.

We were amazed by the positive response! We have three new member families in our community, and three of the cottages and one of the flats have been reserved. We are well on our way to getting enough commitments to secure our construction loan.

Other progress:

  • Masterson Excavators expertly took down the barn behind #12 North Street. They also removed a portion of the barn behind #8 North Street, leaving the charming original old barn. This gives the property a new look, and now you can envision the Common Green.  Jim has posted videos of the deconstruction on BVC’s website – surprisingly fun to watch!
  • Katie Raycroft-Meyer has filled out the site plan, showing the private outdoor space that comes with each unit. You can see this plan on our website.
  •  We are working on partnering with other housing groups and individuals to make one or two of our units permanently affordable, and likely eligible for down-payment assistance. We hope this will make our project feasible for young families who might not own a home or have equity saved. If you are interested in our project but affordability is an issue, please contact Jim: jim.mendell@gmail.com or by cell (802) 734-0798.

Next up:

  • We will be holding two more informational sessions in February – one in Vergennes and one in Hinesburg. We’ll send out dates and details once locations are finalized.
  • We’ll also be setting a date for a meet-up for families already committed to this project (and those on the fence) sometime in the next month or so.  Watch this space for details.

Finance & Legal Committee update

Together with our attorney Liam Murphy, the committee has been working on the legal documents necessary for purchasers to reserve their unit. These include a condo declaration, condo association by-laws, and membership and unit reservation agreements. This is quite granular work, and we want to thank Candelin, Bob and new member Richard Provost for their help. The documents will be available on our website:  http://www.bristolcohousing.com. 

Now is a good time to reserve your unit!

Take a look at our website to see which units have been taken and which are still available. Early sign-ups will get you a preferred choice (and a good spot on the waiting list if your first choice is spoken for). We are happy to schedule a site tour if this will help in your decision. February 15 is the deadline for qualifying for $5,000 cash back on closing. 

Attached are the rendered cohousing plan, a list of the units and the pricing, and the membership application form. 

That’s all for now friends. Looking forward to hearing from you in the days ahead! 

Peg, Jim and your friends at Bristol Village Cohousing

www.bristolcohousing.com

802-734-0798