Paramark Real Estate Services
Senior Cooperative Housing
Willow Brook Cooperative of Winona
1420 E Burns Valley Rd, Winona, MN, 55987
Distance: 0 Miles
(507) 452-4600
WillowBrook@paramark.us
https://paramark.us/property/willow-brook-cooperative
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
At least one owner of each cooperative home must be age 62 or above.
Features
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Area Served by County
- Winona County
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Specialization
- Older adults
Eligibility
Persons age 62+
Members must meet minimum income requirements.
Area Served
Winona County
Websites
Phone Numbers
Type | Number | Hours |
---|---|---|
Main | (507) 452-4600 |
Last Update
11/22/2024
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.
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YB-8000Older Adults Definition
Individuals who are age 50, 55, 60, 62 or 65 or older depending on the minimum age for qualifying as an older adult which varies by program.
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YM-8480.3100Housing Cooperative Residents Definition
People who live in an apartment or condominium complex or other housing facility that is owned and administered collectively by those who live there.