Cooperative living encourages self-reliance and independent living. Cooperative members can deduct their individual share of the mortgage interest and property taxes on their federal and state income taxes. Members and their guests have the privilege to use all common areas throughout the building and grounds. Cooperative members experience a unique sense of community that you will not find in other housing options. Members enjoy a neighborhood of friends that come together with the common goal of a worry-free lifestyle in a beautiful and comfortable setting. The share investment in a cooperative is much lower than other housing options. Members have more options open to them as they do not need to have a large amount of money tied up in their homes.