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s• t ,
<br /> oLimited Equityn&,aowamy•-fimgums xRentalySf aemi ;�
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<br /> Cooperative � >
<br /> fids„are;aia+la6le > Three methods are available Two-m hox s re a al ah' The landlord decides when © ne is'�Malil
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<br /> Facilities Rehab, f e a Fo era ve else to finance coo erative rehab, o s to h, and if rehab,replacements, o s Replacements& re lace ettss,ander� replacements,and re�tacemen awn _ ar improvements are to be °late ei>Ys
<br /> +r�grare Tents improvements: Improv men a :x done. ;�q—i
<br /> pve eotst ��`-•-, .. ?
<br /> Improvements se`ssme of liftlivsdual �''< Assessment of individual ommon eP : "
<br /> ~'tmero�hersrs[or E MA
<br /> sew� members ( p �_l ;�'� °
<br /> r e ers or their pro s t 'iadih ua �r
<br /> ;_ feta pare of-'th�'tdta; tsF rata share of the total • um M{or� ei rarau ` :
<br /> ,M u4 �� ��P. �i; a tri,e c
<br /> cost; MCI -A”"
<br /> total y:a�
<br /> >, > � a ;
<br /> costxaa M Rz �" s,s
<br /> !,. �stablahment',4aTi"Yn`di g Establishment and funding
<br /> of placement reserves of replacement reserves; ,• spa iih en ndlst di
<br /> ops
<br /> and ';� t re,a�emep�e�se es�
<br /> '2' ^' a PC✓ d„Y4,_; v�-,�a ?y' �i°t;durs"��+g. � "'�'„ '
<br /> ��New la twin tifaiVi`r New long-term blanketri"
<br /> g: financing.
<br /> ��alF'",: �,rv•�'�:,;Ys'S ��,��t�a%i�3\�,�,,c} ,�tr€��.�#a
<br /> ~>�r�S^:_cF �`a:a'3.yf5' '" '.` °:;�:�• ,�,�r"'s,�,, $a+�`L'!'j�i' .'�v5°.�.�'.x�'�,.,.,:,
<br /> VIR
<br /> a �E:,� V 9�8r•-a;
<br /> r•r^c•<ai;:�.�##..WKiuyg.�x Aeffia
<br /> �.- �'�.' � tPiiu�er3tiye;t€tlip'ers== _A; w Cooperative members TyRet�e6fiticall' 'a The landlord hues and > O me i dsvtdu�lPro e :�.; .� ,:_ .� <p tlertacrptscalle�€ gMttoa •'; democratically elect aoadaoi'c "n�� oversees propertyFspn �1eFol allazpetts off':
<br /> management _od��ri °h'ikirihes�nd;y` board of directors,whichW�rciirs an oerseesxs ` management firm and/or 'pr
<br /> ezo ee;Apro�tei'” � > hires and oversees property p yr Nmanaggmea rm,',,'• employees, -
<br /> smanagementfitlrizaQiiCr4f`` management firm and/or *and%,ar2m
<br /> erft to ees:
<br /> $� employees.
<br /> wt.;Sir`�t`�; - t c y,p�•��.nW' _
<br /> ��,, a'•'i'k 7 nig� t,,,•, -
<br /> „�Coaperenvsomesp�bers;ed}ayy>� Unless the cooperative has Condoms um un ow ers 0, Tenants receive no income F Ovyne ”cetvd'
<br /> Tax benefits ,-=y �." r.h,•.
<br /> ~tel .�eaisirome .� given them up in exchange enjoy jl':,o 'tfieg co egtitf• tax benefits associated with tome taxi ene„IS r•� s t•
<br /> ,AMef,ts 2homeownea jpc for tax-exempt financing, beaef of homeo ners homeownership. ass uatetl it' r "'
<br /> ' G tom,> n,.�: _ % r ? '
<br /> I`sjs�oststates_,cooperatives` ' cooperative members enjoy vinmoits[aets io"dooniinii'y° soineoirriersfi'"�I'pama�f •'�
<br /> A-.i ux=eg^%.'crt 4Z,E'•t� � ,'�. :S".e Wn r ice.I••`.Ls _
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<br /> fan elicme 1ers c nc 'C all of the income tax oils ovinersgrg sve vI'atever< Sta{esti meo n_eisAceiv`'y:'
<br /> hate`v�pruperty� benefits of homeownership. pioptiet re' _ me er faz,tiehe(ifs'',
<br /> �ene(its.are W In most states,cooperatives „'aviila6 eg o' t(r 'r' ;_ :° fdte lo" n?�O�efr•
<br /> .Aer,fiomeosvn,e V P, - and their members receive ` "" .` � '`
<br /> '.v, lidm"e wsi€rsrF'x,:,-" :.assess edtzar lower-,tax`
<br /> ���.: •
<br /> ;ys <a ,• �x
<br /> whatever property tytax � ..
<br /> benefits are available ro
<br /> other homeowners.In some
<br /> states,there are additional " y,; "':x
<br /> property tax benefits or
<br /> " <• ¢ savings due to the limitation
<br /> ,�°`,.X ?;-,;._• f,uo'., .:�i
<br /> 4, 59 y of resale prices. �' G
<br /> Home Equity Cdoperauve membeid'Aild;,', Growth in equity is limited >Ifnit;o`wnersilidiIdxergdiij as•`'', Any increase in value Owriers build equity as the
<br /> .,egpity'a ;itfe:valoe?oFFheii,a through a limitation of sllie;n4a(ue of t&eu{ails[- • belongs to the landlord and ,"valu)df,,their'hoirie, "
<br /> �tooperaxive intens increas6' resale prices.Generally,a Ymirease ,andnas tfiei'r:,' reflects itself in increased j:ipiieases;•and'as'theii•
<br /> ;'aiid tasaheir shareloan:iss` '' formula determines the i origage hi;laid dawgw;,- rents. ;miirtgage is paid jdown:
<br /> portion the selling member ."
<br /> will receive of the increase
<br /> d in value of her cooperative ?a5 '
<br /> sy �° interest and the pay-down of
<br /> y ' the cooperative mortgage.
<br /> ,:X; '/,' "i,>,�;x3n"z.'`y` aVx•'�„y�h7`s:?a'"u`Y.;'Av•��:`^y�,"s;�"„+'"0�. <<%„a, �,i2'".,;Y'P' :�
<br /> ya.j=f�. t'�b'? �-J�M'�.. � }.. ,>hf4"-Y�cM1Y J�•• �,u: ,.,YY�Y< „5' Y�> n l
<br /> �•�l,F`�SSy a'4: -�*�'vY�. :"{.'�'!C�'vq:.�..�,'i.�fw�'�.u��4�x�-� \'2r`u` $A��!�a'
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