HOW WE WORK
Palms members (shareholders) are required to make Palms their primary residence and must agree to live here a majority of time each year. Our cooperative is self-managed. Members have the obligation to participate in the governance, management, maintenance and improvement of the property. By doing much of the work ourselves, we are able to keep monthly dues (carrying costs) down.
Our Board is elected by all of the Palms members through majority vote.
Members buy a share into the entire co-op.
The value of individual shares increases annually at approximately 3%.
There is a monthly carrying charge “dues” for shared expenses: mortgage, insurance, taxes, sewer, recycling, accounting, etc.
HOME
Welcome to FAHA Palms (Palms), an intentional community in beautiful Sonoma, California. As an active 55+ community, we are unique in that we are a Limited Equity Housing Cooperative. What does this mean? All residents are shareholder members who participate in the work and responsibilities required to manage and maintain our 40 year old building and grounds. Palms includes sixteen units on two floors with an elevator as well as stairs. Twelve units have
two bedrooms, four have one.
Palms is situated on land leased from Finnish American Home Association (FAHA). You don’t need to be Finnish to live at Palms, but we appreciate Finnish culture, the delightful activities that FAHA offers, and the rich history of this community.
Palms residents have access to the lovely wooded surroundings of FAHA, including use of the gorgeous swimming pool and excellent wood saunas.
Recently a 2-bedroom unit has become available. Click here for information!
OUR NEIGHBORHOOD
We are fortunate to be bordered by Aqua Caliente Creek and adjacent woodlands, are across the street from Maxwell Farms Park, and within walking distance of restaurants, shops, and a grocery store. FAHA Palms is less than 2.5 miles from the downtown Sonoma Plaza and near the bike path. Plus we are next to the bus line!
AVAILABILITY
Currently we have one share available for a 2-bedroom unit and will soon be ready to show a 1-bedroom unit. Both are in excellent condition and come with appliances (refrigerator, stove, dishwasher, washer, dryer). If you’d like to learn more and/or fill out an application, please contact Marlene: marleneminkin@hotmail.com
PRIVACY
Palms and FAHA are on private property. This is our home and we value our privacy, so please do not show up, uninvited.
OUR COMMITTEES
Some of the committees at Palms include Marketing, Landscaping, Application and Transfer review. Committees make decisions based on majority votes. Through open communication, patience, and courtesy, we strive to achieve understanding and respect for one another
