Mission Square’s pricing includes two components based on square footage:
1) a refundable entrance fee and
2) a monthly charge
Entrance Fee
Mission Square’s entrance fee is refundable and returned to you once your home has been transferred to another qualified resident.
Monthly Charge:
Mission Square’s monthly charge is based on costs required to operate the community and to provide essential services to residents. Since Mission Square is a nonprofit corporation, it does not have to build ‘profit’ to investors into our monthly charges. Therefore, we are often a more affordable option when compared to similar for-profit communities. Additionally, Mission Square is governed by a Board of Directors (made up of 5 Mission Square residents). Therefore, any increase in the monthly charge must be approved by Mission Square’s resident Board of Directors.
The monthly charge covers a Resident’s proportionate cost of:
- Principal and interest, based on a mortgage, held by the nonprofit corporation.
- Common area property & liability insurance (Note: residents are encouraged to obtain property and liability insurance for their respective homes and personal contents).
- Management and administration – including on-site staff.
- One under building parking space and storage unit per home.
- Community utilities, lawn care, snow removal, trash collection and community area upkeep.
- General operating and replacement reserve funds.
- Service Package:
- Scheduled transportation within a 10 mile radius
- Utilities (gas, electric, water and basic cable)
- Wireless internet throughout community
