Who are We?
PFAC is a 501(c) non-profit organization dedicated to promoting and establishing affordable cohousing—an innovative, efficient, and satisfying way to live in our increasingly complicated world. Because we are committed to the value of cohousing, we want to help provide opportunities to live in cohousing with as many households as possible, regardless of their income. The purpose of PFAC is to create partnerships between cohousing and affordable housing advocates to further affordable cohousing in mixed-income cohousing communities.
Affordable Cohousing are homes that are part of a cohousing community and are structured and designated as income-restricted for occupancy for low and moderate-income households and rent/price-restricted to be affordable for those households. We create Affordable Cohousing so that the resident pays no more than 30-35% of a household’s annual income on housing and utility payments. Through Affordable Cohousing we help provide opportunities to live in cohousing with as many households as possible, regardless of income.
Partnerships For Affordable Cohousing, Inc. (PFAC) is a 501(c)(3) non-profit organization working with local cohousing groups and affordable housing organizations around the country to provide and develop affordable cohousing. PFAC serves as a bridge between the traditional affordable housing infrastructure and the cohousing communities of today and tomorrow.
PFAC is specifically focused on creating working partnerships with local cohousing groups and affordable housing organizations that seek to support affordable cohousing for low and moderate-income households. These partnerships promote, purchase, develop, finance, own and manage affordable cohousing. PFAC partners with banks, credit unions, and private investors to finance affordable cohousing housing. It also develops working relationships with other non-profits, foundations, and groups that share this general understanding: many problems facing us today can be addressed--and solved--in a community setting.
PFAC also provides technical assistance to existing and forming cohousing groups committed to including affordable cohousing for low and moderate-income households. PFAC assists groups by creating strategies to purchase and own affordable rental and homeownership units in cohousing communities. PFAC also seeks ways in which public and private financing can increase the number of rental, rent-to-own, and low-cost homeownership units in cohousing communities.