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What is Cooperative Living?

Senior housing cooperatives are established for those who are 55+ to provide an alternative lifestyle to home ownership.  This type of ownership provides an opportunity for members to deduct their portion of the property taxes and mortgage interest on their income tax, while sharing the load of ownership with in a not-for-profit organization controlled by the members themselves.

Different in nature from a house as this allows you to enjoy more free time!  Use your talents in a cooperative to help make it the best it can be while enjoying from free time to do the things you have always wanted to do rather than worry over the house maintenance. 
 
Cooperatives are purposeful about creating well-designed, socially supportive, affordable environments that preserve members' financial resources and enhance their lives at the same time.  Be active.  Be social.  Travel without worries, or stay at home and be as busy as you choose. 

Cooperative Living Is Affordable Quality
  • Purchase one ownership share in the Cooperative, a one-time cost scaled according to the size of home you select.

  • Pay a monthly fee which covers your portion of the cooperative's mortgage, building insurance, real estate taxes, maintenance inside and out, and reserve funding.

  • Resident owners are responsible for their own telephone, electricity and if they wish, reserved parking in the heated underground garage.

You have a vote!  Each shareholder has one vote in the election of the Board of Directors that gives the direction to the operation of the Cooperative.

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