Benefits of Cooperative Housing
Housing co-op members have greater control over their living environment. This form of housing also fosters a strong sense of pride and community. Higher member satisfaction also means members tend to stay long-term, which leads to reduced operating expenses and a more stable community.
Unlike regular renters, co-op members have the security of tenure. This means they can call the co-op home as long as they follow the co-op rules and pay their housing charges in full and on time.
Because cooperatives operate on a not-for-profit basis, housing remains affordable for future generations. In some countries, housing co-ops provide subsidized rent, supporting members with lower incomes.
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