August 27, 2019
Crow Valley Cooperative
Do you want a stress-free home? Crow Valley Cooperative living is zero maintenance outside AND in! From typical lawn care and snow removal to light bulb changes and regular appliance replacement
Do you want the freedom to travel? Cooperative members are typically active community members that are retired or beginning to consider retirement. Many are downsizing and considering a second home in a warmer climate, but still want to return to a home in the Quad Cities. At Crow Valley Cooperative, you can enjoy the freedom to travel knowing your home is being looked after.
Do you enjoy entertaining? Invite your friend and family over to experience your beautiful new home and your building’s comfortable, high-end amenity spaces. They will want to come back time and time again!
Then Crow Valley Cooperative is for you!
What is a Cooperative? A cooperative is member based, with membership granted by purchasing a share in the cooperative. Each shareholder in the legal entity is granted the right to occupy one housing unit. A primary advantage of the housing cooperative is the pooling of the members’ resources so their buying power is leveraged, thus lowering the cost per member in all the services and products associated with home ownership.
History- Cooperatives are far from a new concept. The first cooperatives were formed in the late 1800s. By the mid-1920’s they had gained popularity in sixteen cities in the US. Today, nearly 75 percent of homes available for purchase in Manhattan are cooperatives.
How it works- As a member, you will vote to elect a Board of Directors made up of fellow members. Your board will manage operations, approve future members, help control costs, and create policies for Crow Valley Cooperative. You will always have a voice in the decisions made regarding the exclusive lifestyle that you have selected.
Financial Model- As a member, you own a share in Crow Valley Cooperative- a non-profit corporation. You are shareholder of the entire building and grounds.
Rather than obtaining your own mortgage (as in the case of condos) you pay a monthly fee that includes your share of the master mortgage for the cooperative property. This
financial leverage enables better mortgage rates and terms.
Long- Term Benefits- Crow Valley Cooperative builds a
waiting list of potential shareholders. When you are ready to move you may choose to let the cooperative handle the transfer of your share to a new shareholder. You are guaranteed a 2.5 percent appreciation rate per year.
First-Class Service- Your monthly payment includes exceptional maintenance benefits. Crow Valley Cooperative not only maintains the exterior of the building and grounds, we also maintain the interior of the building- including your home. From light bulb changes to our regular appliance replacement program.
