Ebenezer
Senior Cooperative Housing
East Terrace Cooperative
2155 6th Ln SE, Cambridge, MN, 55008
Distance: 0 Miles
(763) 552-0709
cambcoop@izoom.net
https://www.ebenezercares.org/cooperative-condominium-living
Service Details
Description
Cooperative housing provides full apartment or townhouse living. Cooperative housing is owned and managed by the people who live there. Members own a share of the property and the right to occupy a unit in the building.
About This Location
East Terrace Cooperative
Features of the cooperative include:
* Age 55 and older
* Underground heated garage with car wash
* Party room with kitchen
* Large great room and deck
* Library/Activity room
* Laundry rooms with free washers and dryers
* Arts and craft room
* Wellness room
* Wood workshop
* Secure facility
Features
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Area Served by County
- Isanti County
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Specialization
- Older adults
Eligibility
Some properties require a minimum age of residents at 55 or 62.
Area Served
Isanti County
Websites
Phone Numbers
| Type | Number | Hours |
|---|---|---|
| Main | (763) 552-0709 |
Last Update
10/4/2024
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Other Services or resources
This provider does not offer other services or resources at this location.
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
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BH-7000.8100-300Limited Equity Housing Cooperatives Definition
Apartment or condominium complexes or other housing facilities that are owned and administered collectively by the people who live there. A nonprofit corporation is set up to own and manage a building and the land on which it is located. Cooperative members do not own a particular part of the building and/or land, but own a share of stock in the project and the right to occupy a unit there. New residents are screened and selected by current residents and all pay equal shares of the cost of housing. Some housing cooperatives set aside a certain number of units for low-income people. Lower turnover rates, lower real estate tax assessments (in some local areas), controlled maintenance costs, and resident participation and control are some of the benefits of choosing cooperative homeownership. There are also personal income tax advantages.