What is a Co-op?
Housing co-ops offer good quality, affordable housing operated on a non-profit basis. Members of co-ops have security of tenure and a say in how their co-ops are run. Any surpluses are re-invested in the housing to maintain it in good condition for future generations of members.
Members are involved in many aspects of managing the co-op, and maintaining the community. Housing co-ops were created to be co-operative, inclusive, community-based organizations, which provide safe, affordable housing to their members.
Co-ops make decisions democratically (one member, one vote), and so our members are actively engaged in the governance of our co-operative. This offers many educational and social opportunities to our members. Our Co-op provides a friendly place to live for established Ottawa residents and newcomers alike.
Glenn Haddrell Co-op is a member of CHASEO (Cooperative Housing Association of Eastern Ontario) and CHFC (Co-operative Housing Federation of Canada). CHASEO also provides an explanation of co-operative housing.
The Co-op follows these international co-operative principles:
- Open and Voluntary Membership
- Member’s Economic Participation
- Autonomy and Independence
- Co-operation Among Co-operatives
- Democratic Control by Members
- Commitment to Service
- Education, Training and Information
- Concern for Community and Future Generations