What is Housing Co-op?
Housing co-ops are mixed communities of people from a variety of backgrounds, incomes and families.
All the members own the co-op and the co-op owns the housing itself. Each Member is required to purchase a "share" of the co-op when they come in.
Each Member has a vote to set the policy, make decisions and elect leaders who run the daily business of managing the co-op, and report to the members.
As a Member you have a say in the decisions that affect your home.
The principles of co-op living are:
- Open membership
- Democratic Member control
- Participation in maintaining your community
- Participating in building a social community
- Education of Members