Best Housing Cooperative Edmonton Near Me

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Co-operative housing provides a unique opportunity for people to build a community, sharing and assisting one another in ways that go beyond their housing needs. This could be as simple as a cheery conversation in the elevator, to having fun at one of the impromptu social events. Community is built by the members that live here.

Living in a housing co-operative is different than owning your own home. Potential members are encouraged to learn about co-ops before they apply to ensure it is a good fit for them, as it is unique living. Interested parties are able to attend information sessions through NACHA. Please follow this link to view the upcoming sessions and get in touch with NACHA for scheduling.

The co-operative principles are guidelines by which co-operatives put their values into practice:

Co-operatives are voluntary organisations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.

Co-operatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Persons serving as elected representatives are accountable to the membership. In primary co-operatives members have equal voting rights (one member, one vote) and co-operatives at other levels are also organised in a democratic manner.

Members contribute equitably to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership.

Co-operatives are autonomous, self-help organisations controlled by their members. If they enter to agreements with other organisations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.