Welcome to Cooperative Living
What exactly is a Cooperative? Upon moving in you purchase a membership in the Cooperative. Each Member of Yorktown Homes South Cooperative owns one share and has one vote in the corporation. The cooperative corporation holds title to the property and is responsible for the mortgage. A Board of Directors is elected by and from the members. The directors set policy, establish rules and determine how money is spent.
Because the corporation is a not-for-profit organization, we are able to offer far more housing for less money than it would be possible for you to buy or rent anywhere else.
