Annual Share Value Adjustments

Annual share value adjustments and CPI comparisons

Partial data:

WHC look-up WHC Fed CPI
(Urban)1
Bay Area
(ABAG)2
CD
(6 month)3
1982 1981 % 8.9 % 15.3 % 15.8 %
1983 1982 % 3.8 % 0 % 12.6 %
1984 1983 % 3.8 % 4.6 % 9.3 %
1985 1984 % 3.9 % 6.0 % 10.7 %
1986 1985 % 3.8 % 3.2 % 8.2 %
1987 1986 % 1.1 % 2.2 % 6.5 %
1988 1987 % 4.4 % 5.0 % 7.0 %
1989 1988 % 4.4 % 4.4 % 7.9 %
1990 1989 % 4.6 % 3.9 % 9.1 %
1991 1990 % 6.1 % 6.0 % 8.2 %
1992 1991 % 3.1 % 3.5 % 5.9 %
1993 1992 % 2.9 % 3.2 % 3.8 %
1994 1993 % 2.7 % 1.9 % 3.3 %
1995 1994 % 2.7 % 1.6 % 5.0 %
1996 1995 % 2.5 % 1.8 % 6.0 %
1997 1996 % 3.3 % 2.6 % 5.5 %
1998 1997 % 1.7 % 4.2 % 5.7 %
1999 1998 % 1.6 % 3.0 % 5.4 %
2000 1999 5.5 % 2.7 % 4.2 % 5.5 %
2001 2000 5.5 % 3.4 % 5.5 % 6.6 %
2002 2001 5.8 % 1.6 % 3.5 % 3.7 %
2003 2002 1.3 % 2.4 % 1.4 % 1.8 %
2004 2003 1.4 % 1.9 % 1.1 % 1.2 %
2005 2004 1.2 % 3.3 % 2.2 % 1.7 %
2006 2005 1.2 % 3.4 % 2.0 % 3.7 %
2007 2006 4.5 % 2.5 % 3.4 % 5.2 %
2008 2007 4.5 % 4.1 % 3.8 % 5.2 %
2009 2008 % 0.1 % 0 % 3.1 %
2010 2009 % % % 0.9 %
Sources:
1: US Department of Labor: lAl Urban Consumers – (CPI-U)
2: ABAG Bay Area CPI
3. Federal Reserve, linked from

Selected Interest Rates.

Relevant portions of California Civil Code 8.17 pertaining to Share Value annual adjustment (emphasis added, duplicated from web site on January 5, 2010):

817. “Limited-equity housing cooperative” or a “workforce housing cooperative trust” means a corporation organized on a cooperative basis that, in addition to complying with Section 817.1 as may be applicable, meets all of the following requirements:

[(a) not reproduced here]

(b) (1) The articles of incorporation or bylaws require the purchase and sale of the stock or membership interest of resident owners who cease to be permanent residents, at no more than a transfer value determined as provided in the articles or bylaws, and that shall not exceed the aggregate of the following:

(A) The consideration paid for the membership or shares by the first occupant of the unit involved, as shown on the books of the corporation.

(B) The value, as determined by the board of directors of the corporation, of any improvements installed at the expense of the member or a prior member with the prior approval of the board of directors.

(C) Accumulated simple interest, an inflation allowance at a rate that may be based on a cost-of-living index, an income index, or market-interest index, or compound interest if specified in the articles of incorporation or bylaws. For newly formed corporations, accumulated simple interest shall apply. Any increment pursuant to this paragraph shall not exceed a 10-percent annual increase on the consideration paid for the membership or share by the first occupant of the unit involved.

Resources/CPI values, etc.

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