Arbour Village Cooperative Homes
A housing co-operative (housing co-op for short) is a group of people working together for a common purpose. In the case of a housing co-op, the group of people are the members who live there, who are working to provide affordable housing
Housing Co-ops are different because the people who live there share responsibility and control of their homes. People who live in a co-op are not simply just residents or tenants. They are members, and that is important factor of our organization. As members, people in a housing co-op live and work side by side with one common goal - making their co-op a healthy, happy place to be.
At Arbour Village Co-operative Homes, we are an independent, self-directed, and a legal corporation. The people living in our units form the membership of our corporation. Each member has one vote in the affairs of the co-op. Every year the members select, from among themselves, a Board of Directors to manage the affairs of the co-op. We also have a Property Manager who handles the day to day business of the co-op.
The mandate of Arbour Village is to provide affordable housing in a comfortable environment for its members. To be housed at Arbour Village Co-op, you must first be accepted as a member.
The demands are not great and Arbour Village does not have specific hours laid out for member participation; however, there are certain requirements to which a member must agree to be accepted for membership.