A cooperative is a home within a community of neighbors that is owned and governed by its members. We build it—but you make it your own. We’ve always believed in letting members shape what a cooperative means for their collective home. In fact, this freedom is fundamental to our distinctively different business model.
In a cooperative, your investment is secured with a one-time share payment—which has an annual fixed appreciation—along with a monthly carrying charge. The carrying charge covers many basic utility bills; property taxes; interior and exterior maintenance; a 40-year, fixed, HUD-insured master mortgage; required reserves for future replacements, including in-home fixtures such as appliances; insurance; and professional management by Ecumen. It is structured to offer you the financial advantages of home ownership with peace of mind in an ever-changing real estate market.
But the reasons people choose a cooperative go beyond the financial benefits. Owners especially enjoy the pleasure of living in a maintenance-free community of like-minded neighbors.
Want to learn more about what we do? Give us a call today at 651-766-4488.