Advantages of Cooperative Living
Ownership
Members actually own the cooperative through their share ownership of the nonprofit cooperative corporation.
Control
A property management company (Ebenezer Management) runs the day-to-day operations but it’s the member elected Board of Directors and committees that shape how the cooperative is run. It is not required of the members to participate; however, every member has a voice and individuals taking an active role make our community strong and diverse.
Cost of Operation
Occupancy charges are equal to the actual cost of owning and operating the property. Pricing can differ depending on a variety of factors, including size of home and appreciation since the building opened. Feel free to give us a call, and we’d be happy to share more detailed pricing with you.
Homeowner Tax Advantages
Mortgage interest and real estate taxes are tax-deductible in a housing cooperative.
Overall Value
Expenses in a cooperative are spread across the entire membership proportionately, making the cost of living generally lower than a comparable single-family home.