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Frequently Asked Questions
A housing cooperative is a type of homeownership where residents purchase a share in a corporation that owns the property. This share gives you the right to live in a specific unit and take part in community decisions.
You own a membership in the cooperation here, the cooperation owns the property and grounds. As a membership owner your vote is cast for our board of directors. The board then makes the major decisions on the property.
You may a carrying charge fee monthly that includes your water, sewer, and trash. This ranges based on your size of unit. Find information about unit pricing by clinking here.
Yes, you pay your membership fee for the unit. Each unit size has a different value. Find information about that here.
The cooperative is responsible for the maintenance of the grounds and the building exteriors. The cooperative also provides repairs and maintenance to the interiors of the townhouses, except redecorating.
Earn a $200 referral bonus for every friend or family who joins our community.
$200 REFERRAL BONUSINDEPENDENCE SQUARE TOWNHOUSES
A Housing Cooperative Community
Cooperative housing offers a unique alternative to traditional renting. When you move into Independence Square, you become a member of a nonprofit corporation that owns the property. Instead of paying rent to a landlord, members purchase a share in the co-op and contribute monthly to the upkeep of the community. That means lower housing costs, more control over decisions, and a greater sense of security and stability. It’s affordable, community-driven living — without sacrificing comfort or independence.
Benefits of Co-op Living
- Affordable Housing:Cooperative housing is often more budget-friendly than traditional homeownership or market-rate rentals. Monthly charges are typically lower and more stable.
- Shared Responsibility:Members work together to keep the community strong, clean, and well-maintained. Everyone benefits, and everyone plays a part.
- Stability and Security:Unlike renting, your share in the co-op gives you long-term housing stability.
- Community Involvement:Members have the power to shape policies, make decisions, and elect the Board of Directors. It's a democratic process that gives you a say in the place you call home.
- Maintenance Made Easy:From lawn care to snow removal, most routine upkeep is handled by the cooperative, freeing you from the hassle of managing property repairs on your own.