Co-operative Housing
What is Co-operative Housing?
Housing co‑operatives provide not-for-profit housing for their members.
The members do not own equity in their housing. If they move, their home is returned to the co‑op, to be offered to another individual or family who needs an affordable home.
Some co‑op households pay a reduced monthly rent (housing charge) geared to their income. Government funds cover the difference between this payment and the co‑op’s full charge. Other households pay the full monthly charge based on cost.
Because co‑ops charge their members only enough to cover costs, repairs, and reserves, they can offer housing that is much more affordable than average private sector rental costs.
Co‑op housing also offers security. Co‑ops are controlled by their members who have a vote in decisions about their housing. There is no outside landlord.
More information can be found here.
NACHA was incorporated in 1986 to serve the needs of housing co-operatives in and around the Edmonton area. NACHA provides on going support and educational services to its member housing co-operatives.
CHF Canada is the nation-wide umbrella organization for co‑op housing and Canada’s link with co‑op housing around the world.