Cumberland Green cooperative is founded on the promise that cooperatives lead to better services at lower prices, the co-op charges are usable lower that those of similar rental units. Illinois Housing Development Authority backs our mortgage, and monthly carrying charges are based on your income level.
As the cost of buying a single-family home or condominium soars, cooperative housing is an affordable alternative form of ownership for many people. Cumberland Green Cooperative provides you comfortable, high -quality living at a reasonable cost
A cooperative is a group of people working together in a joint economic activity that is owned and operated by its members for their mutual benefit.
In a housing cooperative (or co-op), a housing development is jointly operated by its members. They own membership certificates in the corporation, giving them the right to occupy a dwelling unit and participate in the operations of the corporation. The cooperative housing corporation owns the total property. A not-for-profit corporation.