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HOUSING AT A GLANCE Note: Primary source of information for the table provided below was the Cooperative Housing Coalition
<br /> website at www.chccoop.
<br /> MaxkeJtRafe == Limited Equity
<br /> 9,10oRental ,SingleFamiL
<br /> Cooperative Al.
<br /> w t
<br /> ,.a a :,. za>
<br /> ;.Member esi etifs'`e Member/residents are the MIAMI't ownersStak ee- He a The landlord awns the land O,w a fake.t est
<br /> Ownership �; ,� �� ��� " ' a
<br /> .- ,,, I w- P.
<br /> Me oy a hroug I sole owners through a dtelltn Rolih "� and buildings.Each tenant )and gd ail
<br /> �d�regdys;r'
<br /> ..
<br /> Co orate n 'h liar torn corporation which in turn divided ite esti=.m ttha has the exclusive right to J ` '
<br /> �6 toldin .4 ovn the land and buildin s. a oh eleme fki�nd otcu a articular8dwelhn � Z 0.q
<br /> opnt he la �� �
<br /> a s $"- B4`. -;y tr x* Y. PY P 8
<br /> E3ctt Rlemfiit�Tif;tlte� - Each member has the ail"hgs.w s unit Burin the teen of the
<br /> exzlus'ne rig1it Eo;hicsip; ` exclusive right to occu a =' ".• v lease.
<br /> paiticBlar dwe7lin' imitiirr'' particular dwelling unit in
<br /> ,, "`.SFi *�,Zrv-s"2'. ..q; .d.�z = �'v't'a;• '; ;;.'
<br /> perpetuity. rxs °�vzs `
<br /> Month) costs ' ern tfion[fi ;, `, Members a month) Uni tie a montfil, Tenants a the rent We
<br /> Monthly I ,ma
<br /> YP� Pr r P Pr
<br /> mrf n cha ei to` e'. carrying cha es to the condo'-fees toxthe' � specified E. m the lease,which '' "''
<br /> z'= meg, B B P a� nn real dmter
<br /> e;ioo era a rata cooperative—a pro-rata condom murgTusotra0- includes the landlord's profit .,4pa t�dire t ntf e�
<br /> Ps are�o{a tual oparatr share of actual operatingpro,ratathare o{aetua6 - margin. end'et0'nersmake eusygy
<br /> tk sr' F_ y. �>
<br /> ac�os ,filapny�al costs,blanket debt principal o esti- � insurance ownyp c`er[�ax'nr , r
<br /> -andm eresg`sopertyx and interest,property taxes, - resarves�Un nersr s insuran�e�a menthrau I
<br /> 'insucanceaari leservei insurance,and reserves. t mor gagaz if a t anr�r Kcu-� _T
<br /> � � � ;;�. :� ontbl, 'martgag crowd
<br /> 11em6ere,WsC sfiatPo ' Share loans,if an are small 'nnc+&a1 �d Sntels „t+ v' 4
<br /> Y, � P Paymenor dreg fa th ,
<br /> in$.Hhdmiloa"PdCiif ai, and may be serviced by the payt�entt t cfl toy€ ;' :x s rr anie tQ pa an�ocaf
<br /> k" la ,
<br /> ani'1,te p riS
<br /> cooperative.Member with a der"•E it�ow' � c; `�x �-�wmg
<br /> h i P u 4?CN ,g rig ver a r,
<br /> tsiare°�en "` share loans make individual Zdtaker sow` a x
<br /> djFec{I dfo�tfie Vew a.
<br /> principal and interest k a a fs.,fCrou o hJ` �r= _�_
<br /> y y `tW kpayments. mar fag,,e w s agents,
<br /> -^;
<br /> o dicky e of `: `r i•�� � =`= f'`r°d
<br /> agw,
<br /> Maintenance& Coppera"hiie is.ai;spodsifileTor Cooperative is responsible for y`=oo m x33sotra anis3-r' Landlord is responsible forOrme� rgspbhsitilalf`>"
<br /> eftcripr`rratntenanie;-� exterior maintenance. resp_siR N �_' all maintenance and re av ma tefiancega' ao
<br /> .., r..a
<br /> Repairs s a" e <. a P !
<br /> fob�e"�iCi es tBit t ooie inw. Cooperatives an choose how rtTamten nae vi ua In F%'
<br /> fhe alaiafe;res" _y cap y3s 'A�Q
<br /> potisib�il�'', s they allocate responsibility per k t sponsilil�a�ir ll -,�;� ;-
<br /> 4gr'd`i+leliio 'dnib'�`�;r s" for dwelling unit
<br /> <ri $ g VIII hsmarntercance
<br /> amtTT_hc OW maintenance and repair
<br /> F'� i�dytlual°' emb�e� between individual member
<br /> aprkcaoper`�five a. le. and cooperative as a whole. ' S
<br /> Many limited equity
<br /> cooperatives assume most or
<br /> >aaA all responsibility for dwelling
<br /> unst maintenance and repair,
<br /> u`%�J:',,�^a,�.'vG5& � '`
<br /> in order to even out and ;
<br /> reduce costs to their ` v +
<br /> members.
<br /> •""`'� FFA=' g
<br /> ^N ur se e�; tic' *fie ;s
<br /> rma��'e °ni s Purchaser a low nce for � J
<br /> Purtliater�paj'; " g;, p ys p Pur ser�pays arftetp ce Tenant typically pays first P.i'-sir
<br /> rehaser paysmartti�iiCe=
<br /> Purchase cost/ a -' �, � kx. �.u rcH � _
<br /> {orFsafei'gQ mertibershl "'x shares or membership.Pro- ��fo.r cndomrN aumta r,mak;= and last month's rent plus �ost g coFts tilt e`bTle,«
<br /> Move-in costs
<br /> rata share of cooperative'sTP�rc` ergs Ilgafe d: Q "j;; security deposit. ilsueIYaUon+Tett:,:
<br /> _idageghje's;l0ke f r, y :,jaydmontf y aundo to€s Iowk
<br /> n f,ba blanket loan remains m
<br /> ,`remains:'in:pl"ace:Pbrcbaser- place.Purchaser assumes rtfostgg•tastsr�rttlu�e
<br /> c,� '' X'4+�..�§'r:...,"'.`a',
<br /> asiumesysaUers�o6ligtioni ;,, sellers obligations underanspra u,faxaro;rdnorteti
<br /> ;yoidesoisipanca Ceemetif` occupancy agreement.Few or ~Y.w'�� y `r.- .•� f °'
<br /> Y:r i,S,� n,K'J,.E•' r 1;.� .`7�.�•`..�...i •- ea•,y � i �:
<br /> Eetv�,cfofingetosts no dosing costs. �; Az`°,�'.rsT Q,
<br /> ` _•: ��..b'&,�' �r%z.,nw ;M�r,zarn°r `a.�,-_r�"_ G'I�::��.'::vb�ca.,S`
<br /> -, `•`_ �,'.,v:,�^,±rye 14,e-='I, y� '"� ,ai�YF'., �`�+£��� �"
<br /> Financial iMeffttie'"6a�'esno erso8a(� Members have no personal oit a, hem a ob aed� �`
<br /> y -, �P> P 0� t Tenants are obligated under ., I Ii ag k
<br /> )soba ''- r
<br /> IF�j p nCo
<br /> eq liability on cooperatives r, a menthly�co`ri e`es tu;°=` their leases to pay monthly owall1blle��hert %
<br /> Liability ah7antef luanhMem�eri'al:V ' blanket loan.Members are �tl`e_ondoms ro as tr bnnq� rent to the end of the lease =fie di14'ri' li aioanY o `s
<br /> bb�r atedsun " Wit xe, .,
<br /> der`t err
<br /> obligated under their +` s `-
<br /> B ��fii n�e tth,,r�,o�age�� term. Moan: �'="`
<br /> otc a ire is tor,v :,
<br /> occupancy agreements to Y. rson I A tab) `EINeir°'
<br /> t
<br /> ,,make�m nthl car m° s make monthly carrying y��" �
<br /> carr B y Y nY Hendersfor'the amonCof, x;
<br /> men�otlie' charge payments to the
<br /> iao `roti
<br /> e 8e? ertibers,ysth cooperative.Members with
<br /> ep1 s�i' zny*,`are share loans (if any) are
<br /> era a Iraaile ioAhejYr personal) liable
<br /> ,� y e to their
<br /> share lenders for th �;:`'>:.=�.
<br /> Asieyleneisforffie . e 5 :s °"
<br /> :,amour f z�a.k ?
<br /> amount of the loan. �
<br /> �w�a`.,Xd f P"`'u>aycw. r4
<br /> Community co„erafivefias:�n”hN p ��
<br /> p , , g,,,,tu r .` Cao erative has right to �.o �mrpiumdas6ci�p n Tenants have no voice inilve �ha e`ncCCantrglper
<br /> Control app ovP,4 ipoteMial = approve all potential ltCf ,ok'no`corit7fP er e< who moves in and no
<br /> mertibers:'Cooperative5san member.Cooperative can "lot'A1q Dyr°h fi—w>csf snif,,' control over behavior of tie bho�fitioa rarity ii cantru€`
<br /> j,,.,
<br /> teititinite.memtiersb)p-and terminate membership and ovlr �tJl�t a�vner3; other residents. ,',vOY K;ehavlor.;bT mei b qrS F
<br /> eviei iesldems`,vl6owirilafe_; evict residents who violate `
<br /> ;�dP,rpocr�(liailgoxet 'twe: ;,
<br /> Ok n �a r@proegt, occupancy-agreement. :`` ti" ,%
<br /> �Y�,l P ry- c6ido iniusof'ati�gn an `..r x,
<br /> l,. ,.
<br /> Men,eR envoi aqc lly;�: Member democratically e c` rd aiFecWy�,tit.
<br /> bvel theiroupefa g a 2 ;@ ;
<br /> q,raB&'` overn the cooperative and oye ee e ons
<br /> ;rip P.- .,.at`;
<br /> elect oard bf dieettots to'_' elect board of directors to
<br /> OYFfSEOrd �ps., ,.�.*` oversee operations. f;Lrc-.':'t,� ,.3✓,S'
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