Frequently Asked Questions

+ How do I Become a Member?

All applicants are screened via credit and criminal reports and must appear before the Admissions Committee for recommendation to the board of directors. Apply now! 

+ How Much is Parking?

  • Underground heated parking – $120.00 Per Month
  • Covered parking structure – $50.00 Per Month
  • Perimeter – $30.00 Per Month
  • Roof of parking structure – $20.00 Per Month

+ What is Included in the Monthly Carrying Charge?

Monthly carrying charges include heat, water, electric, maintenance fees (24-hour reception/security, etc.), property taxes, and mortgage interest.

+ Tax Deductions

For income tax purposes, the co-op member is usually considered a homeowner and, as such, can deduct his or her share of the real estate taxes and mortgage interest paid by the cooperative.

*Above information provided by: The Midwest Association of Housing Cooperatives

+ Equity

Cooperative housing gives you the opportunity to share in owning your dwelling. You, as an individual, do not own the unit you are occupying; instead, you and the other members own the entire assets (property) of the cooperative. Joining the cooperative will allow you to build a limited equity, that is, to establish some value in the property.

+ What is a Cooperative?

A cooperative is a group of people working together in a joint economic activity that is owned and operated by its members for their mutual benefit.


In a housing cooperative (or co-op), a housing development is jointly operated by its members. They own membership certificates in the corporation, giving them the right to occupy a dwelling unit and participate in the operations of the corporation. The cooperative housing corporation owns the total property. A not-for-profit corporation.


A cooperative is a business controlled by the people who use it. It is a democratic organization whose earnings and assets belong to its members. By patronizing and becoming an active member of a co-op, you invest yourself with the power to shape that business. You control the politics and economics of what is truly your organization.

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Get in Touch

8900 East Jefferson Avenue
Detroit, Michigan 48214

(313) 821-2700
(313) 821-2705 Fax

Office Hours
9:00 AM to 5:00 PM