Distinctive Cooperative Housing for Active Adults | |
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Cooperative HousingA housing cooperative is a corporation in which members buy shares. As a shareholder, you are part-owner of the cooperative's building and land, plus your membership entitles you to live in your home in the building. Members each pay a portion of the cooperative's monthly operating expenses, including maintenance, taxes, principle, interest, and reserves. As a share holder, you play a part in the decision making of the cooperative. Management of the day-to-day operations is overseen by a Board of Directors that is elected by the members of the cooperative. Why do people buy into a Cooperative?Cooperatives are quickly becoming a popular new choice for active adults age 55 and above. Some of the reasons include:
The Senior Cooperative FoundationFor more information about Senior Cooperatives, visit the Senior Cooperative Foundation
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