University Townhouses, MI

A Cooperative is a group of people working together in a joint economic activity that is owned and operated by its members for their mutual benefit. 

In a housing Cooperative, a housing development is jointly operated by its members.  They own membership certificates in the corporation, giving them the right to occupy a dwelling unit and participate in the operations of the corporation.  The Cooperative housing corporation owns the total property and is a not-for-profit corporation.  

A Cooperative is a business controlled by the people who use it.  It is a democratic organization whose earnings and assets belong to its members.  By patronizing and becoming an active member of a Cooperative, you invest yourself with the power to shape that business.  You control the politics and economics of what is truly YOUR organization.