"There were a lot of people sharing an intimate space - it was a little too intimate. There were lots [of things] about that place that were great, and lots that weren't great. The vacation home experiment's shortcomings sparked an idea for something bigger and more permanent. For years, Dale turned over the same question: What would communal living look like if it were designed to last?"
"Co-housing is an arrangement where people have private homes but share amenities and collectively manage common spaces. Not to be confused with co-living, which is when people have private rooms in shared homes, co-housing is unlike a typical rental setup in that residents also often have an ownership stake or governance role in the housing community. It's a housing model that is gaining traction as people seek more sustainable, community-oriented housing."
"Dale financed the project with the help of 13 other friends and family members, each of whom invested in the building. Contributions ranged from $50,000 to $5 million, and ownership stakes in the building's LLC are proportional to each person's investment. At Shared Roof, there are no HOA fees; residents still pay monthly rent."
Chad Dale's experience sharing a vacation home with multiple families revealed that while communal living appealed in theory, the reality of constant proximity created friction. This prompted Dale to explore co-housing—a model where residents maintain private homes while sharing amenities and collectively managing common spaces. Unlike co-living arrangements with shared rooms, co-housing residents typically hold ownership stakes and governance roles. Dale developed Shared Roof, a 35-unit co-housing community in Seattle's Phinney Ridge neighborhood that opened in 2023. Financed by Dale and 13 investors with contributions ranging from $50,000 to $5 million, residents hold proportional ownership stakes in the building's LLC. This housing model addresses growing demand for sustainable, community-oriented living arrangements.
Read at Business Insider
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