What Is A Co-Op?

Understanding the co-operative difference.

Co-operative Housing Explained

A housing co-operative is a not-for-profit organization owned and controlled by its members. Instead of paying rent to a landlord, members pay “housing charges” that cover the co-op’s actual operating costs. Members share in the responsibility of maintaining the co-op — and share in the benefits of community living.

Not-for-Profit

Housing charges cover costs only. There are no profits paid to shareholders or landlords.

Member Controlled

Members vote on decisions that affect the co-op. One member, one vote — always.

Community First

Co-ops work to build strong communities inside and outside the building.

The 7 Co-operative Principles

The 7 principles guide how co-operatives put their values into practice worldwide.

1. Voluntary & Open Membership

Open to all who can use the co-op’s services and accept the responsibilities of membership, without discrimination.

2. Democratic Member Control

Members control the co-op. Each member has one vote and participates in decisions.

3. Members’ Economic Participation

Members contribute financially and share in benefits. No return on shares — surplus funds future operations.

4. Autonomy & Independence

Housing co-ops are independent associations controlled by their members, following applicable laws.

5. Education, Training & Information

Co-ops provide education so members, directors, and staff can play a full role in co-op life.

6. Co-operation Among Co-operatives

Co-ops grow stronger by organizing together in federations and using each other’s services.

7. Concern for Community

Housing co-ops work to build strong communities, improve quality of life, and protect the environment.