Westerfield North Townhouses

Westerfield North Townhouses, Inc. is a housing cooperative corporation formed in 1970.

We are governed by a Board of Directors and made up of 100 families who enjoy the benefits of cooperative living. We are located in northwest Olathe, east of Highway 7 and south of Harold (127th street). Easy access to Highways 7 & 10, I-435 and I-35.

What is a cooperative?

Our cooperative is a corporation designed to provide affordable housing to its members. In order to move into a townhouse, a prospective member purchases the membership and the equity value from the member moving out and purchases improvements, if applicable. Members pay a monthly carrying charge (rent) and Westerfield North Townhouses, Inc. takes care of all the legal and financial responsibilities of the cooperative. Members may claim a percentage of the mortgage loan interest on their income tax return.

Where is Olathe?

Olathe is 22 miles southwest of Kansas City, Missouri. South of the "Shawnee Mission" area.

Pets are welcome!

Unlike many apartments, we are pet-friendly! We allow two pets per townhouse. There is a height limit on dogs of 24 inches at the point of shoulder (withers) and weight limit is based on maximum set by breed standard.

What is membership?

Purchasing membership in the cooperative is similar to becoming a member in a credit union or other similar institution. Owning the membership gives you the right to execute an Occupancy Agreement, which is similar to a lease, and to move into the townhouse. Members may sell their memberships directly to an interested party, or if they choose, they may have the cooperative find a buyer from the waitlist.

What is equity value?

Equity value is the equity that has built up in the townhouse since January 1977. The equity schedule was written into the by-laws of the corporation when it was formed.
The two-bedroom townhouse's equity value increases by $13.25 each month. A member earns $159.00 each year he/she lives in a two-bedroom unit.
The three-bedroom townhouse's equity value increases by $15.18 each month. A member earns $182.16 each year he/she lives in a three-bedroom unit.

When you vacate the townhouse, the prospective member pays you the membership and the present equity value of the townhouse.

Wait List Procedure:

The wait list is made of applications submitted by prospective members. When a townhouse becomes available, if the member does not bring in their own buyer, these applicants are called, in chronological order from the date and time the application was received, until we find an applicant who wants to purchase the membership and equity, and improvements, if applicable, and move in to the cooperative. Many prospective members choose to put a flyer on doors, so that a member moving out may contact them to purchase their membership.

Equity Schedule:

Membership & Equity Schedule 2018
Two bedroom                               Three bedroom
$6,799.00
January
$7,563.36
$6,812.25
February
$7,578.54
$6,825.50
March
$7,593.72
$6,838.75
April
$7,608.90
$6,852.00
May
$7,624.08
$6,865.25
June
$7,639.26
$6,878.50
July
$7,654.44
$6,891.75
August
$7,669.62
$6,905.00
September
$7,684.80
$6,918.25
October
$7,699.98
$6,931.50
November
$7,715.16
$6,944.75
December
$7,730.34



Income Guidelines:
Income Guidelines 2018

Maximum Income based on family size
One family member
$49,750.00
Two family members
$56,850.00
Three family members
$63,950.00
Four family members
$71,050.00
Five family members
$76,750.00
Six family members
$82,450.00


The minimum income guideline is based on the monthly rental amount. For a two-bedroom townhouse the minimum annual income is $28,320.00; for a three-bedroom townhouse it is $29,376.00 annually.

The occupancy guideline for a two-bedroom townhome is 1-4 people and for a three-bedroom townhome is 4-6 people.


Tenant Selection Policy:

It is Westerfield North's policy to strictly adhere to The Fair Housing Act, the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988. No applicant shall be discriminated against or denied housing because of race, religion, color, sex, race by association, familial status, national origin, ancestry, or disability.

Qualification Criteria:

The following criteria must be met before any potential buyer can be accepted by Westerfield North Townhouses, Inc. This includes any household members over 18 years of age who may be added after a tenant has moved in. All decisions regarding the acceptance of new members will be made by Westerfield North Townhouses management.

  • The applicant(s) has an acceptable rental or mortgage history.
  • The applicant(s) has an acceptable credit rating or history. No co-signers are accepted.
  • The number of persons in the household does not exceed the member occupancy limit guidelines established by the Cooperative.
  • The applicant's total monthly household income is at least 4 times greater than the monthly carrying charge.
  • The applicant's total household income is below HUD's current income ceiling.
  • No applicant or household member has been convicted of a felony.
  • No applicant or household member has been convicted of a misdemeanor within the last five (5) years.
  • No applicant or household member has a history of acts or threats of violence or criminal activity, including drug-related activity, or is a life-time registered sex offender.
  • No applicant or household member has a history of or is currently involved in anti-social behavior or illegal use of drugs or whose behavior from abuse of alcolhol/drugs or pattern of abuse of alcohol/drugs may interfere with the health, safety, and right to peaceful enjoyment of the property by other residents or create a sense of insecurity or discomfort among current members.
  • Admission applications will be rejected for any household containing a member(s) who was/were evicted in the last three years from federally assisted housing for alcohol or drug-related criminal activity, unless the member(s) has/have successfully completed an approved, supervised drug or alcohol rehabilitation program (appropriate documentation of the successful completion of a rehabilitation program is required.) or the circumstances leading to eviction no longer exist.
  • Applicants must provide a social security card and documentation for all household members.
  • Preference on the wait list is given to applicants who have been displaced by government action or a presidentially-declared disaster.

    Members may sell their own memberships into the cooperative. You may put flyers on the doors with your name, phone number and month you would like to move in.


    Directions for I-35

    Directions from I-35 North

    Take the Santa Fe exit #218, keep right at the fork in the ramp, continue west on Santa Fe for approximately 2 miles, turn right onto Iowa Street. Continue about 8 blocks, then turn left (west) onto Forest Drive, and then right onto Clinton. The office is the second entrance.

    Directions from I-35 South

    Take the Santa Fe exit #218, keep left at the fork in the ramp, circle up the ramp and then continue west on Santa Fe for approximately 2 miles, turn right onto Iowa Street. Continue about 8 blocks, then turn left (west) onto Forest Drive, and then right onto Clinton. The office is the second entrance.