Social Advantages of a Cooperative

Building Communities

Co-ops are communities within larger communities. Members share common goals and a sense of identity and pride from working together.. Co-ops make good neighbors, and can revitalize decaying neighborhoods. Many set up recreational, social, educational and mutual help programs. Co-ops accommodate all kinds of people. In some, units are reserved for householders with special needs. For seniors and many families, co-ops are often just the right combination of security and affordability.

Cultural Diversity

Many co-op members indicate that the possibility for interaction with people from different backgrounds, cultures, and income levels is a positive factor in their decision to become a member.

Community Control

As mutual owners, member residents participate at various levels in the decision-making process. This is not true of tenants who usually do not have the opportunity to exercise responsibility. Members own the cooperative together and have the security of being able to remain in their homes for as long as they wish, as long as they meet their monthly obligations, and abide by the co-op bylaws, rules, and regulations.

Democracy

Each member has one vote in making decisions on important matters such as housing charges, the election of directors and the regulations members will be expected to follow.

Elimination of Outside Landlord

Co-ops offer control of one’s living environment and a security of tenure not available in rental housing. No landlord profits so you save money

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