Frequently
Asked Questions
What is a housing co-op?
A housing co-op is a unique form of home ownership. It is
a legal, not for profit business association formed for the
purpose of providing homes to its members on a continuing
basis. A co-op is different from other housing associations
in its ownership structure and its commitment to
co-operative principles.
What does a not for profit housing co-op housing
really mean?
Non-profit co-operative housing means:
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Good quality housing at below market cost |
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Democratic decisions on important
matters through your vote |
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Residency in the co-op for as long as
you choose, providing you respect your membership
obligations |
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Communities within larger communities |
Who owns a housing co-op?
The units in a co-op are not individually owned. They are
owned by the co-operative and cannot be bought or sold for
profit.
Who runs a housing co-op?
Each year co-op members elect from among themselves a
Board of Directors to run the co-op. The Board administers
the day-to-day management of the co-op. Additionally,
members serve on committees with various responsibilities
such as new member selection, maintenance, finance and
newsletter. Sometimes a co-op will hire staff, but the final
decisions and responsibilities rest with the co-op members.
How does a housing co-op get its operating dollars?
Housing charges are the monthly amount the co-op charges
for each unit to cover the co-op operating costs. Unlike
rents, co-op housing charges rise only with increases in
operating costs.
Who lives in a housing co-op?
Co-ops accommodate all kinds of people who are looking
for safe, affordable housing with a sense of community.
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Single and two-parent families with
children and teenagers |
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Physical disability individuals |
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Seniors |
What are my obligations as a member of a housing
co-op?
Member responsibilities will depend on each co-op's
philosophy and their practical needs. Some membership
responsibilities commonly found in housing co-ops are:
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Paying monthly housing charge on time |
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Maintaining your unit in good
condition |
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Getting along peaceably with your
neighbours |
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Attending co-op general meetings |
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Participating on co-op committees |
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Participating in regular maintenance
tasks and special work projects |
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Reporting damage to the maintenance
committee immediately |
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Respecting and adhering to the co-op's
by-laws |
How do I become a member of Sawmill Creek Co-op?
Becoming a resident/member of Sawmill Creek Co-op
involves a multi-step, confidential application process. For
detailed information on the application process, click here.
How do I find out about other housing co-ops?
To access the Co-operative Housing Federation of Canada (CHF)
list of regional co-operative housing federations, click here.
To access the Co-operative Housing Association of Eastern
Ontario (CHASEO) map of member housing co-ops, click here.
