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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.