- About Cooperatives
- About Cumberland
- Membership Info
- Townhouse Styles
Living in a cooperative is very different from renting an apartment. Cooperatives are owned collectively by their members. You have bought a share of the corporation, which entitles you to live in one of the cooperative units.
Co-ops offer their members many advantages that are often unavailable in other forms of housing:
As a co-op member, you have the security of tenure. That means you can live in your home for as long as you wish if you follow the co-op’s rules and pay your housing charges on time.
-As a co-op member, you have a say in decisions that affect your home. You and your neighbors own your homes together, which means you have a say in managing them. Coop housing is not public housing. They are self-governed mixed-income communities home to people of all ages and backgrounds.
This diversity is one of the co-op movement’s greatest strengths.
Co-ops are communities in the truest sense of the word. While it’s common to hear people in other forms of housing say they don’t know or never speak to their neighbors, co-op members live and work together to create homes in active communities.
Co-op members are not landlords or tenants. As cooperative owners, members work together to govern their association and manage their homes to foster strong communities.
Members elect a board of directors from among themselves to govern the co-op’s operations. Most co-ops also contract with managers to handle their homes’ daily operations and maintenance.
Membership meetings to keep informed of your cooperative's progress and make decisions about running the cooperative.
In collective decision-making processes, live according to the rules decided collectively by all members and be willing to live according to the principles of cooperation.
Be familiar with the by-laws, occupancy agreement, and house rules. Learn unique opportunities to develop and practice community leadership skills.
With one another, with the board, committees, and fellow cooperators. Being willing to truly listen to and respect the opinions, needs, and wishes of all members;
HELP local people take a leading and lasting role in creating secure, affordable homes and strengthening their communities.
TAKE PART opportunities for members to form friendships, pursue common interests and strengthen their community. Build life skills confidence and, become more active in the communities and vote.
Hold each other accountable for the decisions made on behalf of the cooperative.
To save on increased carrying charges, You are conserving the use of utilities and cleaning up after yourself and your family.
Involving tenants in decision-making is a management approach that helps give tenants greater dignity and pride in their residence.
Discover Cumberland Green Cooperative and discover a new standard of living. Combining one to Four-bedroom luxury units in St. Charles, IL, with mature landscapes and modern amenities, our community offers comfortable charm presented in style.
COOPERATIVE MAKES YOU A COOPERATOR
Cooperative living is an opportunity to control your housing. The collective makes you a cooperator and involves participating and working together with other members.
One meaningful way that members participate is by attending membership meetings. Each unit has one vote, regardless of unit size or the number of family members.
LIMITED EQUITY COOPERATIVES
Limited Equity Cooperatives limit membership prices and determine the price members can obtain when they sell their membership.
Limited Equity Cooperatives keep the cooperative affordable for low and moderate-income families. The primary purpose of establishing the collective is not so much for financial profit but for gaining and maintaining affordable, decent housing.
Committees are to get members actively involved in the cooperative’s business. Members can assist the board by making.
Recommendations, helping plan activities, finding information, enforcing policies, etc.
Some committees are membership, house and grounds, newsletter, election, activities, pet, etc.