With the commitment of our newest member, Kate Utt, to buying our last unit, PDX Commons is full! We are thrilled to complete our community and now are just waiting for the completion of our building! Currently, we anticipate we’ll be able to start moving in around mid-July. We’re crossing our fingers that there will be no more delays.
Meanwhile, our building tour on Friday, May 19, showed some units already painted, with kitchen cabinets installed. They look great! The whole building is coming along nicely.
PDX COMMONS in the News: Check out this in-depth article from the Portland Tribune.
PDX COMMONS: AN INTENTIONAL COMMUNITY OF PROACTIVE ADULTS
We have formed a community built on the principles of cohousing: private residences with lots of shared facilities for times when you are feeling social or need camaraderie. Working with a development team and general contractor, we are building the community ourselves. We are the developers; we are the owners.
We make decisions using a consensus model. This tries to make everyone a winner. We are building a beautiful facility with access to transit, parks, shops, restaurants and grocery stores. We are living sustainably with a commitment to decreasing our footprint on the planet.
Want a deeper dive? Here are some links to information on our site:
SEC Regulation D disclaimer: PDX Commons is not an investment opportunity. There are no opportunities for profit. Those who later become full members make loans to the community to pay for the costs of planning, designing, engineering and acquiring property for their new home. All loaned funds are completely at risk. Upon completion of the building, the funds contributed may count as down payments on the purchase price of a home. All members are fully part of the management team for the community. We do not pay any of our members for their efforts on behalf of the community. Community decisions are made by all full members using a consensus process. There is no passive participation.
PDX Commons will be a designated 55+ community under the Housing for Older Persons Act (HOPA) in accordance with CFR § 100.304.