HEARTWOOD COHOUSING - FREQUENTLY ASKED QUESTIONS
What’s the legal and financial structure?
Legally and financially, we are structured just like any other subdivision. We just happen to own a lot more of our land in common and hold a vision to live in harmony with our neighbors and Nature. We each own our own private lot and home. We have a Homeowners Association (HOA) that holds title to the common land and facilities. We each pay monthly HOA dues (see next question for more details). We have created substantial HOA reserves to pay for future facilities upkeep (replacement of common house roof, tractor tires, etc).
See our Structure page for more information.