Frequently Asked Questions

  1. Where can I find my Regional Association?
    Answer: Website under Member Associations
  2. Where can I go to find Resources, Assistance and Training?
    Answer: Website under Training
  3. Where can I find upcoming trainings in my area?
    Answer: All scheduled trainings are listed on the website. The method by which you can order training is also on the website (NAHC.coop).
  4. How much are Dues?
    Answer: Please see the application for membership under Join NAHC. The scheduled dues is included in the application.
  5. Where can I get legal advice regarding a situation with my Coop?
    Answer: NACH cannot provide legal guidance regarding a particular situation as we do not have attorney’s staff. However, please see our Professional Directory of Legal Services in your area.
  6. How can I find or start a coop in my area?
    Answer: Visit Owning a Cooperative and the Developers Toolbox.
  7. How can I find an existing coop in my area?
    Answer: Find & Live in a Coop and view available share listings: Cooperative Membership Sales Program
  8. Where can I find information regarding the annual conference?
    Answer: Visit the Annual Conference Section on the website.
  9. What should I do if interviewed by a reporter or promoting an event to the media?
    Answer: Visit Marketing for tips on working with the media – and guidelines fro writing a media alert.
  10. How does cooperatives property differ from rentals?
    Answer: Learn more about Buying into a Coop and Benefits to continue as a coop. You can also visit About Cooperatives to see a comparison of housings types. 
  11. What are the benefits of coop living, financial, socially and politically speaking?
    Answer: Buying into a housing cooperative
  12. 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.
    Answer: NAHC website (NAHC.coop).
  13. Building Communities: Coops are communities within larger communities. Members share common goals and a sense of identity and pride from working together. Coops make good neighbors, and can revitalize decaying neighborhoods. Many set up recreation, social, educational and mutual help programs. Coops accommodate all kinds of people. In some, units are reserved for householders with special needs. For seniors and many families, coops are often just the right combination of security and affordability.
  14. Democracy: Each member has one vote in making decisions on important matters such as housing charges, the election of Directors and the regulations members will be expected to follow.
    Answer: Physical benefits
  15. What are shared maintenance responsibilities?
    Answer: Coop members usually have limited direct maintenance responsibilities. The cooperative association is responsible for major repairs, insurance, replace of worn out equipment, and upkeep of common grounds and facilities.
  16. How does vandalism and security effect housing cooperatives?
    Answer: Coop members vigorously protect their association’s property. An important benefit of converting rental properties to coop ownership is reduction in vandalism and abuse of property and improved and shared security arrangements. And recent studies show that he coops presence in the neighborhood brings neighborhood crime down.
  17. Is there freedom and mobility in cooperative housing?
    Answer: The coop member owns a share in the housing development, not a particular dwelling unit. A coop membership can usually be more readily resold than other real estate, for it cost considerably less and involves a simpler transaction.
  18. Is quality a priority for housing cooperatives?
    Answer: Coops seek to provide the highest quality housing possible within cost guidelines, both in initial construction and through continuing maintenance. Most are newly constructed but many groups have restored and updated existing housing and other buildings.
  19. What can I do if i have a problem with the Board?
    Answer: Suggestion to add a link to sample Bylaws and refer to State representative.
  20. Which takes precedence State laws or Bylaws?
    Answer: Davis Sterling Act; Common Interest Ownership Act.
  21. What legislation benefits cooperative housing?
    Answer: Please access government relation section of website (NAHC.coop).
  22. What can cooperatives do in an effort to effect positive change in legislation?
    Answer: Please access government relation section of website (NAHC.coop).
  23. What is a share loan?
    Answer: A loan taken out to assist member in paying for membership fees. Off the NAHC website (NAHC.coop)
  24. What is Share Listing?
    Answer: Share Listing is the program that was started in 2017 that allows the member an opportunity to list their membership for sale on the website-please access share listing off the website (NAHC.coop).
  25. How do I list my coop vacancies on the NAHC website?
    Answer: Access share listing off the website (NAHC.coop).
  26. Affordable: Lower down payment, much lower closing coasts, economies of scale, longer mortgage term all make coops more affordable than other ownership housing. Members have no reason to substantially increase monthly charges, unless taxes or operating costs go up, so monthly charges remain reasonable.
  27. Tax Deductions: For income tax purposes, the coop member 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.
  28. Limited Liability: Members have no personal liability on the coop mortgage. The cooperative association is responsible for paying off any mortgage loans. This can often make it possible for persons whose income might not qualify them for an individual mortgage to buy a membership in a limited equity coop.
  29. Consumer Action: Through their cooperative association, members can jointly exert influence in order to change tax rates and utility prices and obtain improved services from local governments. The coop, as consumer advocate, can also join with other organizations.
  30. Savings: Coop members can benefit from economy of scale in coop operating costs as well as from not-for-profit operation. Also, when there are “transfers”, only the outgoing member’s equity must be financed by the incoming member. Transfers of shares are subject to fewer settlement costs.
    Answer: Social advantages
  31. Elimination of Outside Landlord: Coops offer control of one’s living environment and a security of tenure not available in rental housing.
  32. Community Control: as mutual owners, member residents participate at various levels in the decision making process. This is not true of tenants who usually do not have the opportunity to exercise responsibility. Members own the cooperative together and have the security of being able to remain in their homes for as long as they wish, as long as they meet their monthly obligations, and abide by the coop Bylaws, rules, and regulations.
  33. Cultural Diversity: Many coop members indicate that the possibility for interaction with people from different backgrounds, cultures and income levels is a positive factor in their decision to become a member.

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Frequently Asked Questions

  1. Where can I find my Regional Association?
    Answer: Website under Member Associations
  2. Where can I go to find Resources, Assistance and Training?
    Answer: Website under Training
  3. Where can I find upcoming trainings in my area?
    Answer: All scheduled trainings are listed on the website. The method by which you can order training is also on the website (NAHC.coop).
  4. How much are Dues?
    Answer: Please see the application for membership under Join NAHC. The scheduled dues is included in the application.
  5. Where can I get legal advice regarding a situation with my Coop?
    Answer: NACH cannot provide legal guidance regarding a particular situation as we do not have attorney’s staff. However, please see our Professional Directory of Legal Services in your area.
  6. How can I find or start a coop in my area?
    Answer: Visit Owning a Cooperative and the Developers Toolbox.
  7. How can I find an existing coop in my area?
    Answer: Find & Live in a Coop and view available share listings: Cooperative Membership Sales Program
  8. Where can I find information regarding the annual conference?
    Answer: Visit the Annual Conference Section on the website.
  9. What should I do if interviewed by a reporter or promoting an event to the media?
    Answer: Visit Marketing for tips on working with the media – and guidelines fro writing a media alert.
  10. How does cooperatives property differ from rentals?
    Answer: Learn more about Buying into a Coop and Benefits to continue as a coop. You can also visit About Cooperatives to see a comparison of housings types. 
  11. What are the benefits of coop living, financial, socially and politically speaking?
    Answer: Buying into a housing cooperative
  12. 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.
    Answer: NAHC website (NAHC.coop).
  13. Building Communities: Coops are communities within larger communities. Members share common goals and a sense of identity and pride from working together. Coops make good neighbors, and can revitalize decaying neighborhoods. Many set up recreation, social, educational and mutual help programs. Coops accommodate all kinds of people. In some, units are reserved for householders with special needs. For seniors and many families, coops are often just the right combination of security and affordability.
  14. Democracy: Each member has one vote in making decisions on important matters such as housing charges, the election of Directors and the regulations members will be expected to follow.
    Answer: Physical benefits
  15. What are shared maintenance responsibilities?
    Answer: Coop members usually have limited direct maintenance responsibilities. The cooperative association is responsible for major repairs, insurance, replace of worn out equipment, and upkeep of common grounds and facilities.
  16. How does vandalism and security effect housing cooperatives?
    Answer: Coop members vigorously protect their association’s property. An important benefit of converting rental properties to coop ownership is reduction in vandalism and abuse of property and improved and shared security arrangements. And recent studies show that he coops presence in the neighborhood brings neighborhood crime down.
  17. Is there freedom and mobility in cooperative housing?
    Answer: The coop member owns a share in the housing development, not a particular dwelling unit. A coop membership can usually be more readily resold than other real estate, for it cost considerably less and involves a simpler transaction.
  18. Is quality a priority for housing cooperatives?
    Answer: Coops seek to provide the highest quality housing possible within cost guidelines, both in initial construction and through continuing maintenance. Most are newly constructed but many groups have restored and updated existing housing and other buildings.
  19. What can I do if i have a problem with the Board?
    Answer: Suggestion to add a link to sample Bylaws and refer to State representative.
  20. Which takes precedence State laws or Bylaws?
    Answer: Davis Sterling Act; Common Interest Ownership Act.
  21. What legislation benefits cooperative housing?
    Answer: Please access government relation section of website (NAHC.coop).
  22. What can cooperatives do in an effort to effect positive change in legislation?
    Answer: Please access government relation section of website (NAHC.coop).
  23. What is a share loan?
    Answer: A loan taken out to assist member in paying for membership fees. Off the NAHC website (NAHC.coop)
  24. What is Share Listing?
    Answer: Share Listing is the program that was started in 2017 that allows the member an opportunity to list their membership for sale on the website-please access share listing off the website (NAHC.coop).
  25. How do I list my coop vacancies on the NAHC website?
    Answer: Access share listing off the website (NAHC.coop).
  26. Affordable: Lower down payment, much lower closing coasts, economies of scale, longer mortgage term all make coops more affordable than other ownership housing. Members have no reason to substantially increase monthly charges, unless taxes or operating costs go up, so monthly charges remain reasonable.
  27. Tax Deductions: For income tax purposes, the coop member 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.
  28. Limited Liability: Members have no personal liability on the coop mortgage. The cooperative association is responsible for paying off any mortgage loans. This can often make it possible for persons whose income might not qualify them for an individual mortgage to buy a membership in a limited equity coop.
  29. Consumer Action: Through their cooperative association, members can jointly exert influence in order to change tax rates and utility prices and obtain improved services from local governments. The coop, as consumer advocate, can also join with other organizations.
  30. Savings: Coop members can benefit from economy of scale in coop operating costs as well as from not-for-profit operation. Also, when there are “transfers”, only the outgoing member’s equity must be financed by the incoming member. Transfers of shares are subject to fewer settlement costs.
    Answer: Social advantages
  31. Elimination of Outside Landlord: Coops offer control of one’s living environment and a security of tenure not available in rental housing.
  32. Community Control: as mutual owners, member residents participate at various levels in the decision making process. This is not true of tenants who usually do not have the opportunity to exercise responsibility. Members own the cooperative together and have the security of being able to remain in their homes for as long as they wish, as long as they meet their monthly obligations, and abide by the coop Bylaws, rules, and regulations.
  33. Cultural Diversity: Many coop members indicate that the possibility for interaction with people from different backgrounds, cultures and income levels is a positive factor in their decision to become a member.