- A housing cooperative is owned by its resident shareholders
- To join the cooperative, residents buy a share in the cooperative
- Each share in the cooperative is associated with an apartment home
- The cooperative is governed by a resident Board of Directors
- You will enjoy a carefree and secure lifestyle, because the cooperative will attend to all the details of maintaining your building and grounds.
- The Plaza Cooperative will offer an optional meal each day.
- As a member, you will set monthly fees through your Board of Directors
- You will decide what services, if any, should be brought in and under what terms
- Tax deductibility of taxes and mortgage interest
- To join the Plaza, you will purchase shares in the cooperative.
- Through this purchase, you will become an owner and member of the cooperative.
- Upon your decision to move, your share will be resold and you can expect to recapture your initial investment with limited appreciation.
- Upon your decision to move, prompt resale of your share is expected
- Your purchase into the cooperative is an investment, not an entrance fee
- Supportive and rich community life of cooperative living
