As gerontologists we know that these factors contribute directly to continued independent living, successful aging and the enhancement of longer life. Gerald Glaser, Gerontologist Ebenezer Society, Minneapolis Cooperatively owned senior housing provides full apartment and townhouse living, controlled by the seniors themselves.
All financial benefits accrue to the senior owners, including return of equity upon resale.
Tax deductibility of mortgage interest and real estate taxes, identical to single-family homeownership, applies to cooperative ownership. Each cooperative listed at this web site is independently owned by its member-residents. Floor plans and prices vary significantly, depending on location, building style, and amenities. Senior cooperatives typically include substantial community spaces and, in some cases, light housekeeping and meal service. Please contact the cooperatives directly for specific information regarding facilities and services.