The Membership Committee and/or the Board of Directors will consider each application for membership in the Cooperative. The following guidelines are used to determine the eligibility of each applicant.
|Unit||Unit Size||Minimum Required Income|
|J||1 Bedroom and 1 Bath||$20,000|
|B||2 Bedrooms and 1 Bath||$25,000|
|C||2 Bedrooms and 1 ½ Baths||$25,000|
|K||2 Bedrooms and 1 ½ Baths||$25,000|
|E||3 Bedrooms and 1 ½ Baths||$30,000|
|L||3 Bedrooms and 1 ½ Baths||$30,000|
The minimum annual income requirements are determined by the Board of Directors and reviewed annually, along with the carrying charges, to determine any increase or decrease in the income amounts required.
Employed persons and head of families.
A member, when approved, shall occupy the unit as a private dwelling for himself/herself and the immediate family. Occupants not of the immediate family must be approved on an individual basis by the Board of Directors. Paying guests and/or boarders are not permitted.
The number of persons of each family per unit is as follows:
“B”, “C”, or “K” Units
“E” or “L” Units
The applicant must list all persons who will be occupying the unit on the application.