Benefits at a Glance

• Lower Monthly Costs: Because cooperatives operate at cost, monthly charges are often a fraction of those found in the rental market. 

​

• Tax Deductions: For income tax purposes, cooperative members are considered homeowners and can deduct their share of the real estate taxes and mortgage interest paid by the cooperative.

​

• Home Equity: Your membership share increases in value annually.​

​

• Overall Savings: Almost all building improvements and repairs and most maintenance issues are handled with no extra cost to you. 

​

• Residential participation and control.

 

• Community Building: Cooperatives provide homes for members, builds a community of neighbors, provides social activities, and building security.