Cottage Village
1428 E Madison Ave, Cottage Grove, OR, USA
The first permanently affordable tiny home co-op in a rural community.
Limited Equity
Cooperative Type
$825/mo
Carrying Charge
$10,000
Membership Price
6 units on .1 acres
Housing & Land
80%
Income Limit AMI
56-64%
Target AMI
Open since 2021
Project Status
$602,442
Total Project Cost
Project Overview
Cottage Village is a project developed by SquareOne Villages in collaboration with the Cottage Village Coalition (CVC). Together, SquareOne and CVC are developing plans to bring a permanent, affordable tiny house community to Cottage Grove. A site has been acquired for the village at 1430 E. Madison Ave. The property to be developed is 1.2 acres and includes an existing 4-bedroom house and a 1,400 sq. ft. shop building. It is zoned medium density residential (R-2), which allows for the development of up to 13 additional dwelling units.
Housing & Site Design
Cottage Village will consist of 13 permanent tiny homes—each complete with sleeping and living areas, a kitchenette, and full bathroom. The individual homes will be supported by a community gathering area, kitchen, and laundry. The development will also include infrastructure, bicycle and vehicle parking, and other requirements necessary under local multi-family land-use standards.
Cottage Village will serve residents with very low incomes (under 50% area median income) that are currently unable to access affordable housing. This includes a number of different types of people in our local community, such as veterans, seniors, single parents, and more. These people may be currently couch surfing, living out of a vehicle or tent, or at a high risk of being evicted from their current housing. CVC will conduct an application and interview process that ensures all residents meet our Membership Selection Criteria and accept the Community Agreements.
Ownership Model
A unique aspect of this project is the organization of the resident community as a housing co-op in which residents self manage the daily operations and maintenance of the Village, with support and training from SOV and CVC. Each household will own a financial share in the co-op through funds set aside from their monthly rental payments. Each resident/co-op member has a vote in the co-op’s governance through a Village Council and pays a monthly carrying charge (rent) to cover maintenance costs and reserve funds. Housing co-ops have a proven track record for providing low-risk housing that is affordable to low- and moderate-income households.
Financing Overview
