What is a Housing Co-op?

Housing co-ops are much more than a roof over your head. Housing co-ops are made up of people who are motivated by a mission, rather than a profit, to provide safe, secure and affordable homes for their members.

Seven Principles of Housing Cooperatives

  1. Open membership Co-op membership is open to everyone who needs the services of the co-op and who accepts the responsibilities of membership. The board of directors must not discriminate against anyone and must respect human rights.

  2. Democratic control Members control their co-op. Together they set rules and policies, make decisions and elect leaders who report to them. Each member of a co-op has one vote. All members have an equal say in managing their co-op.

  3. Economic: participation All members contribute fairly to the co-op which they own in common. Co-ops pay a limited return (if any) on money that people paid to become members. The co-op holds any surplus for the future or uses it to improve the co-op’s services.

  4. Independence All agreements that co-ops sign with outside organizations or governments should leave the members in control of their co-op.

  5. Co-operative: Education Every co-op is responsible for offering training to its members, directors and staff. Co-ops should also tell the public what they are and what they do.

  6. Co-operation: among cooperatives Co-op work together to serve their members through local, national and international structures.

  7. Community Co-ops meet members’ needs in ways that build lasting communities inside and outside each co-op.

Sign up for our Future Member Orientation Night.