MISSION STATEMENT

The Senior Cooperative Foundation supports development of and best practices for senior housing cooperatives with a variety of services, education, and operating programs. These programs are available to resident-members and to new sponsor-developers who are committed to full resident ownership and control.

Our commitment to cooperatives stems from a strong belief in and witness, for over 30 years, to the redemptive power of these communities. It is our experience that cooperatives are unique in creating affordable, enlivened, independent and interdependent environments that preserve financial resources and enhance the aging process.


Welcome to Senior Coops
Cooperatively owned senior housing provides full apartment and townhouse living, controlled by the seniors themselves. All financial benefits accrue to the senior owners, including return of equity upon resale. Tax deductibility of mortgage interest and real estate taxes, identical to single-family homeownership, applies to cooperative ownership.

Each cooperative listed at this web site is independently owned by its member-residents. Floor plans and prices vary significantly, depending on location, building style, and amenities. Senior cooperatives typically include substantial community spaces and, in some cases, light housekeeping and meal service. Please contact the cooperatives directly for specific information regarding facilities and services.

More detailed information regarding the concept of cooperatively owned senior housing is cooperative websiteavailable at the web sites listed below. Please notify us of additional resources, or send us your questions by sending e-mail to office@seniorcoops.org

"It is most important to understand that the cooperative concept appeals to older adults - especially couples - who would not normally consider 'seniors' housing and who typically would remain in their single-family homes."

Rick Fenske, Senior Market Researcher
Maxfield Research ~ Minneapolis, Minnesota

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