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This is the first News post on this site so first of all thank you for landed into this site. You will get each and every update regarding fiferoad Co Operative.
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WHAT IS A CO-OP?
A housing Co-operative is a group of people who form a corporation to provide housing services for themselves. Co-op living is unique to all other forms of housing because it represents a community living within a community.
Democratic management is the lifeblood of a healthy co-op and the people who live in the co-op, and who collectively own and operate the housing, are voting members. The members elect a board of directors from among themselves and authorize the board to conduct the day to day business of the co-op in a manner that satisfies all of the requirements of Government Acts, Municipal Directives, Co-op Bylaws and Policies.
All members in a co-op share in the advantages and responsibilities of co-op life, which makes it more than just a place to live.
There are many kinds of co-operatives: food co-ops, co-op daycare, credit unions, retail co-ops, worker co-ops and housing co-ops. Any group of people can form a co-operative. The members own the co-operative and the co-operative provides a service they need. Housing co-operatives provide housing.
As a co-op member, you have a say in decisions that affect your home. You and your neighbors own your homes co-operatively. Members form a community that works together to manage the co-op. Co-op communities are made up of all kinds of people – people with different backgrounds and incomes and special needs. These diverse and vibrant communities are the unique strength of the co-op housing movement.
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