Village Cooperative
Senior Cooperative Housing
Village Cooperative - Fergus Falls
1124 Village Cir, Fergus Falls, MN, 56537
Distance: 0 Miles
(218) 736-7880
fergusfallsvc@paramark.us
https://www.villagecooperative.com/locationindex#MN
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.
Features
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Area Served by County
- Otter Tail County
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Specialization
- Older adults
Area Served
Otter Tail County
Websites
Phone Numbers
Type | Number | Hours |
---|---|---|
Main | (218) 736-7880 |
Last Update
3/6/2024
Other Locations
- Village Cooperative - Albert Lea 2201 Stevens St, Albert Lea, MN, 56007
- Village Cooperative - Alexandria 515 Jefferson St, Alexandria, MN, 56308
- Village Cooperative - Austin 2301 10th St NW, Austin, MN, 55912
- Village Cooperative - Red Wing 2533 Eagle Ridge Dr, Red Wing, MN, 55066
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.