Becca- I have just completed a 15 hour Course offered by the Minneapolis Community Planning and Economic Development Dept ( CPED). This is part of their B-TAP - Business Technical Assistance Program.
The first thing the Instructor told us is that success in the Real Estate Business is based on creating a network of contacts, people you can call on to do what you yourself might not be able to do- whether legal work, planning, designing, financing, advertising, or construction.
Hey, this is true of Cohousing as well, we're going to succeed with a little help from our friends!
The course is aimed at getting more small developers involved in building the "Missing Middle" of the housing market. There are a lot of single family home builders, and a lot of mega developers who build the big Luxury Condo or Apartment Buildings, but the medium density is missing.
I really enjoyed learning more about the "Game" of development played with the Minneapolis rules.
I hope it will help us get cohousing built.
The class included 30 people, and we were pretty diverse, in age, sex, race, and what type of business the person was pursuing. The instructors expected that a lot of those in the class would buy existing 4-plexes, 8 plexes and manage them, or build new ones. We looked at Site selection, Acquisition, Due Diligence and Entitlements. ( entitlements means city permission)
We were assigned to find out as much as we could about a specific property - with all the websites of the Local Governments for Taxes, Special Assessments, Zoning, Local Area Plans.
Then we had to figure out if we could build an apartment building there, how big, how many units ( and still follow code). Then we learned about Financial Feasibility - to create a Pro Forma - a financial spreadsheet document that helps you find out if you can build the project, rent the space and not lose money.
So now Becca's head is spinning, I am so glad that Bassett Creek Cohousing is working with Katie McCamant and John Kalmon, our coaches for the game ahead.
If you want to take the course:
October 11 the Bassett Creek group held a Potluck dinner. We met at Brian's house - He lives near Milwaukee Ave in South Minneapolis, a place with a narrow street converted to walking only - Hey its ALMOST Cohousing! Good food and talk was shared, we almost kept the youngest guest
(He's 18 month old) entertained all night. He enjoyed climbing the stairs.
I hope in the end my living Unit will not have stairs inside.
Sept 16, 2017 Sierra Club Bike ride stopped at the triangle.
116 people on bikes got to hear our description of Bassett Creek Cohousing. See Downtown in the background!
We held an Informational Meeting at the First Unitarian Society of Minneapolis, on Sunday, September 24, 2017 We welcomed individuals who are new to our group, who first met us at the Midwest Renewable Energy Fair Sept 9 and 10. Brian enthusiastically shared the vision of cohousing, and his experience in this neighborhood raising his daughters near the site. Coffee meetings and a potluck will follow in the weeks ahead.
http://www.firstunitarian.org posted by Becca
Sept 9th and 10th 2017 Becca and Brian from Bassett Creek Cohousing helped Kathy from TCCN to publicize the ENERGY efficiency possibilities of Cohousing at the Midwest Renewable Energy Association's First ENERGY FAIR at Harriet Island.
Posted by Becca Brackett
Bassett Creek Cohousing meeting will be Mon Jul 17 6:30pm First Unitarian Society, 900 Mt Curve Ave, Minneapolis, MN 55403 http://www.firstunitarian.org
More info: Fred or Becca 612-588-9532
The Next Bassett Creek Cohousing meeting will be Monday Jun 26 at 7pm at First Unitarian Society, 900 Mt Curve Ave, 55403 Contact Fred for details 612-588-9532 Note that is will NOT be a potluck tho you are welcome to bring something to eat. The agenda will include our membership agreement and hiring a cohousing development consultant.
North News article about Bassett Creek Cohousing
Feb 23, 2017 Page 10
Our next core group meeting will be: Sunday Mar 12 5pm again starting with a mini potluck at First Unitarian Society, 900 Mt Curve Ave, 55403 Be sure to be on Mt Curve not the Groveland entrance even tho the Groveland entrance has a sign "900 Mt Curve Ave". There are no steps to the correct entrance.
POSTPONED: The weekend long "Getting It Built" workshop with experts Chuck Durrett and Katie McCamant WILL NOT BE HELD March 4 & 5, 2017. (It may be held later.) There will be an introduction to cohousing presentation by local folks Friday March 3rd at By The Rivers Center 690 Cleveland Ave. S, St. Paul, MN 55116
Our next core group meeting will be: Sunday Feb 19 5pm at First Unitarian Society, 900 Mt Curve Ave, 55403
Members of Bassett Creek Cohousing will post here periodically. Thanks for checkin in!