How does co-op model create affordability?

Better World Forever’s co-op model has many advantages over renting and even home ownership

• There is no downpayment or closing costs. Joining the co-op is much more affordable than buying a home, because you save the downpayment and closing costs.

• Members pay their share of the actual mortgage, utilities and other costs. Nothing goes to profit as it does with rentals.

• In many cases, Better World Forever subsidizes the building cost and offers a low-interest mortgage, which lower member’s costs.

• Utilities are low. All electric is covered by solar power, and water costs are reduced by rainwater harvesting.

• Once the mortgage is paid off, members only have to pay their share of utilities, taxes, and maintenance.

• If a member leaves, they get back their share of the mortgage principal, which they can apply to their next housing choice. This is better than renting, where you leave with nothing. And it may be better than buying, where you may or may not get back what you paid.

• There is no profit, which keeps it affordable for the next member. Over time, the co-op becomes more and more affordable as the price of neighboring properties climbs.

• Members control the co-op through a one member, one vote system. They vote for the board of directors, and can serve on the board alongside community leaders.