Realife Cooperative | Established in 1978

Housing Cooperatives are a form of multi family homeownership which are jointly owned and operated by the residents who live there.

• The cooperative itself is its own not for profit corporation
• Equally owned by the residents (“shareholders”)
• Operated through their own resident elected board of directors

To become a member, a “share” is purchased upfront. Share prices are determined by the square footage of the home. Members pay a fixed amount each month which covers basic expenses of operating the community, including their portion of the mortgage, property taxes, water, sewer, trash and more.

Advantages of Realife Cooperative Living

• Ownership
• Homeowner Tax Advantages (Mortgage interest & real estate taxes are deductible in a housing co-op)
• Control (Resident-governed)
• Equity Growth Potential
• Maintenance Free
• Safe & Secure Community
• Live Among Other Independent Active Adults
• An Array of Common Area, all an indoor hallway away
• Complimentary “While You’re Away” Service (just lock your door & leave…no worries)