Hidden Village  –  A Resident-Owned Community
  • Home
  • About Us
    • The Hidden Village Story...
    • Photo Gallery
  • FAQ
  • Homes for Sale
  • Member Benefits
  • Application Info
  • Map & Directions
  • Contact Us
What is a resident-owned community?
Picture
  • In a resident-owned community, tenants form a non-profit corporation called a cooperative.
  • Each household is a member of the cooperative and an equal owner of the land. As a group, the cooperative owns the land and manages the community.
  • The members continue to own their own homes individually.
  • There are many benefits to living in a cooperative, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for co-op loans.), and a strong sense of community.
  • Everyone has a say in the way the park is run, and major decisions are made by democratic vote.



Back to FAQ
Picture
Copyright © 2014 Hidden Village • 4600 17th Lane NE • Olympia, WA • 98516 • 360.455.7221