Housing  co-operatives provide not for profit housing  for there members. Co-op housing also offers security. Co-ops are controlled by there members who have a vote in decisions about there housing.

Some co-op households pay a reduced monthly rent(Housing Charge) geared to there income. Goverment funds cover the difference between this payment and the co-op’s charge. Other households pay the full market charge based on cost.

The members do not own equity in there housing. If they move , their home is returned to the co-op, to be offered to another individual or family.

Each co-op is a legal association, incorporated  as a co-operative. if  you live in a co-op you are:

  •   A voting member who contributes to the governance of the co-op by electing a boardof directors, vote on the annual budget and receive audited financial statements.
  •   Part of a community where neighbours look out for one another.

Co-op Values

Co-operatives are based on values of self-help, self responsibility,democracy,equality and solidarity. In the tradition of their founders, co-op members believe in ethical values of honesty, openness,social responsibilty and caring for others.