Initial Transfer Fee to “buy in” to Rossmoor
When a home buyer purchases a home in Rossmoor, they pay a fee to the Golden Rain Foundation ($10,000 as of July 1st, 2019). This fee helps to support the Golden Rain Foundation operate and maintain the community facilities and provide resident services. If a resident decides to move to another property within Rossmoor, they can apply to have this fee waived.
What is the Golden Rain Foundation?
Under Rossmoor’s unique governance structure, the Golden Rain Foundation (a nonprofit corporation) has managed the growth of the community. As each phase of Rossmoor’s development was completed, housing associations known as mutual corporations were formed. By the time the final housing phase was completed earlier this decade, Rossmoor had 17 mutuals, each of which has a governing board elected by its residents.
All Rossmoor residents elect the nine board members of the Golden Rain Foundation, which operates and maintains community facilities and provides services beyond the scope of the mutual corporations.
For more information about the Golden Rain Foundation, visit https://rossmoor.com/residents/grf/.
For a free, no-obligation, no-pressure tour of Rossmoor, schedule online at www.rossmoortour.com, call me at 925.699.0031 or email me at email@example.com. The tour is tailored to your specific interests, and can include a visit to available real estate, if desired.
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