Share Value

Once an applicant for membership is approved by the Board of Directors and purchases a share of the Cooperative, the share belongs to a member until the member, or their estate, offers to sell it back to the Cooperative.  The value of offering is based on the original cost, plus 2% of the value of the unit per year of membership.  The 2% share increase formula is under direct control of the Cooperative and the mortgagee.  The annual share price increase helps maintain affordable housing prices over the years. 

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