COOPERATIVES

 

Housing Cooperatives offer a unique type of home ownership. Cooperatives are not considered real property, therefore, when you buy into a cooperative, or commonly referred to as a co-op, you become a shareholder in a corporation that owns the property. As a shareholder, you are entitled to exclusive use of a unit in the community.

Cooperatives are often less expensive than apartments because they operate on a cost basis, collecting only the amount of money needed from each shareholder to operate the property and pay the outstanding bills. Cooperatives are not profit driven like traditional rentals.

Cooperatives are democratically controlled by their members. A board of directors is elected annually to serve, and they set policies and make the necessary decisions required to operate the property. Those individuals elected to serve on the board of directors are accountable to the membership. They hold regular open meetings for the members to have their voices heard in the process.

Legacy has a long and proud history of managing cooperative housing and we are honored to actively participate in both the Midwest Association of Housing Cooperatives (MAHC) and the National Association of Housing Cooperatives(NAHC).    

 

Ash Street

VISIT SITE


137 Ash Street
Park Forest, IL 60466
(708) 747-9600

ashstreet@legacypmc.com

Bramblewood


3258 Kiesel Road
Bay City, MI 48706
(989) 684-4500

bramblewoodcooperative@legacypmc.com

Centennial Farm I


Centennial Farm Phase I
South Lyon, MI 48178
(248) 553-4700

jbretz@legacypmc.com

Centennial Farm II


Centennial Farm Phase II
South Lyon, MI 48178
(248) 553-4700

jbretz@legacypmc.com

Colonial Townhouses

VISIT SITE


3818 Pleasant Grove
Lansing, MI 48910
(517) 882-4176

colonial@legacypmc.com

Coronado Gardens


3056 N. Waverly
Lansing, MI 48906
(517) 321-1928

coronadogardens@legacypmc.com

Fairlane Meadows


3471 Fairmeadow Drive S.W.
Grandville, MI 49418
(616) 530-9257

fairlanemeadows@legacypmc.com

Hermitage Manor


1717 W. Lake Street
Chicago, IL 60612
(312) 666-6019

hermitage@legacypmc.com

Highlands 


6294 Haag Rd.
Lansing, MI 48911
(517) 882-0796

highlands@legacypmc.com

Village Townhouses

VISIT SITE


5937 Haverhill
Lansing, MI 48911
(517) 882-3461

village@legacypmc.com