Cooperative Housing

Senior cooperative housing is a unique blend of community living and independent lifestyle. Each homeowner’s apartment represents shares in the Pioneer House cooperative.

A cooperative apartment qualifies for the same Homestead Real Estate tax savings as condos and single-family homes and, like those forms of real estate, equity returns to the owner upon the sale of the apartment. Owners are free to sell their apartments at any time.

A board of directors, elected by all residents, oversees the policies, operations and expenditures, with regular input from all owners. The building is professionally managed by NAI/FMA Realty.

Economical Alternative

Co-op homeowners, like condo owners, pay a monthly assessment. At Pioneer House, this assessment covers:

• Interior and exterior maintenance
• Lawn care and snow removal
• Real estate taxes
• All utilities except phone and Internet service
• Off-street parking