What Is Cooperative Living?
Senior housing cooperatives are established for those who are 55+ to provide an alternative lifestyle to home ownership.
Different in nature from a house as this allows you to enjoy more free time! Sell the snow blower and lawn mower - enjoy a heated garage in the winter - and plenty of activities to stay active and connected. You'll enjoy freedom to do whatever you wanted to do rather than worry over the house maintenance issues.
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.
Use your talents in a cooperative to help make it the best it can be. Your life experience is helpful in serving on a committee, the Board of Directors, or organizing an activity at the Cooperative.
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
Cooperative Living Is Affordable Quality
† Building is Department of Housing and Urban Development (HUD) Section 8 certified or has a similar program for income-qualified renters.