Examples of Cooperative housing in a sentence
Cooperative housing and condominiums – Sometimes a governing board or owners group has only limited control over parking spaces.
Cooperative housing can be developed from scratch or apartments can be converted to cooperative ownership through tenant buyouts.
Introduction The CHA permits families to utilize the following special housing types: • Single Room Occupancy housing; • Congregate housing; • Group homes; • Shared housing; • Cooperative housing; and • Homeownership.
Cooperative housing corporations and organizations based on a similar form of ownership are not eligible to be taxed as homeowners associations.
Co-operative housing is one area where the work of the committee is incomplete.
Cooperative housing is owned by a nonprofit corporation or association where a member of the corporation or association has the right to reside in a specific apartment and to participate in management of the housing.
The member of the Co-operative housing society gets following rights once he gets membership.
In the event FmHA or its successor agency under Public Law 103–354 determines that the necessary loan to finance the Cooperative housing project cannot be made or insured by FmHA or its successor agency under Public Law 103–354, or the Cooperative withdraws its ap- plication for such loan, the Cooperative shall return to Subscriber all sums paid by Sub- scriber hereunder.
Such societies provide loans to members out of the amounts collected as capital and deposits from the members and charge low rates of interest.(vi) Cooperative housing societies: Cooperative housing societies are established to help people with limited income to construct houses at reasonable costs.
The process of registration of Co-operative housing society starts from the working of the first general body meeting held prior to registration.