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HOW TO APPLY

APPLICATION

To start the application process, you must complete a membership application, submit the application and the required documentation with an application fee of $100. When the administrative staff determines that your application is complete, you will be given a packet of information and basic policies of the cooperative. (Go here to download an application packet.)

INTERVIEW

After your application is received, a Co-op member will contact you to schedule an interview with three current members including a board member. All of those household members who will reside in the unit should attend. You may have questions for us regarding your understanding and expectations about living in a cooperative environment. Bring your questions to the interview.

DECISION ON YOUR APPLICATION

After the in person interview and a review of the items required in the application, your application will go to the full Board for confidential review and a decision. You will be notified in writing of the decision.

WAITING LIST

If accepted, your name will be put on the waiting list based on the date at which your application was completed. The amount of time that an accepted applicant spends on the waiting list before a unit is available varies depending on a variety of factors.

PURCHASING A SHARE

When your name rises to the top of the waiting list and a unit becomes available, a seller will contact you. You will see the unit and decide if you would like to submit a “Proposal of Share Transfer” with a $500 deposit to secure your right to buy a share. That share will entitle you to residency in the seller’s unit. This is your official request to buy the share and become a member. If a year or more has passed since you applied, your financial situation will be reviewed again through updated documentation. Your request will again go to the Board for a decision as to purchase of the share and membership.

MEMBERSHIP AND OCCUPANCY AGREEMENTS

After you have purchased the share and before you take occupancy, you will be asked to read and sign a variety of documents and to pay the balance of your membership fee (the share), the unit transfer value, any share loan documents associated with the transfer as well as any other documents associated with the unit. Then you will receive the Member Handbook for your unit with copies of the governing documents and policies, etc.

NEW MEMBER ORIENTATION

After you move in, a Co-op member will contact you to welcome you to the community and answer any further questions you may have.

RENTERS ONLY

An applicant for a straight rental (no membership) will not need to purchase a share but must adhear to the rules and polities of the community as well as the Occupancy Agreement.