Cooperatives (co-ops) give you ownership in your home, with fixed mortgage costs, in a maintenance-free environment. Cooperative housing combines the advantages and pride of home ownership with the conveniences of community living.

Cooperative housing is joint ownership and operation of a housing development by members of those who live in it. Each member purchases a share, which provides equity to secure a mortgage. These individual shareholding members have equal voting status in electing a board of directors from their membership.

When you purchase a share of the complex, you enjoy these benefits:

• as a member of the community, you share in decisions that affect you
• as a homeowner, you receive ownership tax deductions for interest