Kailasa Housing Co-operative provides affordable, secure, sustainable housing for a safe, harmonious, supportive community.
Kailasa Housing Co-op was built in 1982 and has 17 units.
Living in a housing co-op is in some ways similar to renting a home; you typically pay a monthly housing charge that is much like paying rent, and you purchase a share in the co-op that is treated much like a security deposit in a rental situation.
In actual fact, when you become a member of a housing co-op you collectively own the company (co-op) that either owns the property you live on or owns the rights to occupy it. You aren’t really renting a home in a housing co-op, rather you’re paying a fee to your co-op to use the service (housing) that it provides.
Read about the co-op principles.
Watch the video to find out what co-op housing is all about.
For more about housing co-ops visit CHFBC.