What is a Co-op

Cooperative housing, often called a “co-op,” combines the benefits of home ownership with the ease and connection of community living. Designed for your evolving lifestyle, cooperative living offers joint ownership in the property, where members hold an equity share in the entire community through a not-for-profit Cooperative Corporation. This unique model ensures that members own more than just a home—they share in the ownership of the property, land, and common areas, with equity represented by an official Membership Certificate.

The Cooperative Corporation holds the property title, managing mortgages, taxes, and operational costs to maintain the community. Governed democratically, the Board of Directors—elected by members—guides the policies, operations, and expenditures of the cooperative. Each member has an equal voice, contributing to a culture of collaboration and mutual support.

The defining features of cooperative living include a strong sense of community, member involvement, and shared decision-making. This approach fosters a sense of belonging that mirrors the neighborhoods where many members once lived. With the financial benefits of home ownership and the added perks of amenities, security, and a vibrant community, cooperative living provides an ideal balance of independence and support. We invite you to make Cardinal Pointe your home and embrace the carefree lifestyle you deserve.