Our Board of Trustees acts to preserve the assets of the community and to represent our cooperative association in legal and contractual matters. To top 9. Participation is optional and on a scheduled basis, but all who wish to eat take turns either cooking or cleaning. To top 10. We are organized as a Cooperative Corporation.
Members own shares in the corporation and have a proprietary lease for a specific home.
Besides a home, you also have a share in ownership of the Common House, the grounds, and other common facilities. The IRS recognizes the ownership of shares in a housing cooperative as being equivalent to ownership of a private home for the purposes of tax deductions on mortgage interest. To top 11. We are open to visitors during regularly scheduled tours. While we recognize that cohousing is a comparatively new concept in the United States, and that people are naturally curious about our approach to housing, we also value the privacy of our residents.