3These Membership and Monthly Carrying Costs are effective from April 1, 2023 through March 31, 2024.-There are two primary costs involved in joining the Cooperative –
- Membership Cost is the one-time payment to purchase a share in the Cooperative, scaled according to the size of the home being purchased.
- Monthly Carrying Charge is a monthly payment, also scaled according to the size of the home, which pays for the mortgage, real estate taxes, operating expenses, lender-required reserves, interior & exterior maintenance, heat, electricity, water, sewer, trash, recycling, cable TV, internet, phone & heated underground parking with secure storage unit.