Financial Benefits

Our Village Cooperative senior housing offers many financial benefits over other senior housing options in MN, IA, WI, KS and MO.

Financing

The financing is provided by members’ equity (shares) along with a Master Mortgage to the cooperative. Cooperative members are their own landlords, thereby enabling the Cooperative to be built and operated at an affordable cost.

Tax Benefits

For income tax purposes, members are considered homeowners and are entitled to deduct their proportionate amount of the building’s mortgage interest and real estate taxes on their individual tax returns.

Equity Appreciation

Shares in the Cooperative may be sold based on the original share value plus appreciation returned to the members or their family.  Using the “limited-equity” approach, annual appreciation is determined by the formula established in the Cooperative Corporation’s by-laws.  This ensures that units remain a great value over time.  Experience has demonstrated that as units remain affordable the Cooperative’s waiting list builds, which assures timely re-sale – a direct benefit to the Cooperative members.

Membership Purchase

The purchase of your share gives you membership in the Cooperative, one share per unit.

Monthly Costs & Mortgage

Your monthly fee is your share of actual operating costs, insurance, mortgage, maintenance, operating and replacement reserves, and real estate taxes, based on the non-profit operation of the entire community.

Contact the nearest senior cooperative today to answer your questions, receive a FREE home vs. cooperative cost analysis and more!