Homestead Cooperative - St. James
Senior Cooperative Housing
1000 9th St S, St. James, MN, 56081
Distance: 0 Miles
(507) 375-3999
https://discoverstjamesmn.com/for-seniors/senior-housing/#toggle-id-3
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.
Additional Information
Full apartment and townhouse living available
Features
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Area Served by County
- Watonwan County
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Housing Unit Types
- 1 bedroom unit
- 2 bedroom unit
- Studio/efficiency
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Specialization
- Older adults
Eligibility
Age 55 and older
Area Served
St. James area
Websites
Phone Numbers
| Type | Number | Hours |
|---|---|---|
| General Information | (507) 375-3999 |
Last Update
2/15/2024
Other Locations
This provider does not offer this service at other locations.
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.