Principles

Principles of the Muriel Collins Housing Co-operative consist of both Basic Principles and·overall Guiding Principles.

Basic Principles

1. A continuing Co-operative in which members do not own individual units but share collectively in the ownership of all.
2. Democratic control by members on the basis of one member, one vote.
3. When a member leaves the Co-op, s/he does so without financial loss or gain.

Guiding Principles

1. To co-operatively provide and maintain good housing and community services for members at cost.
2. To involve members in planning, development and management of all aspects of the co-operative.
3. To make optimum use of available land while at the same time preserving the natural aspects of the environment.
4. To provide individuals and members with freedom and privacy while maintaining standards and regulations agreed upon by the members themselves.
5. To rent housing to members on a non-profit basis.
6. To provide member residents with security of tenure comparabale to private ownership.
7. To create a community in which people can live comfortably regardless of income, age or ethnic background.
8. To take into consideration the needs of the physically disabled.
9. To maintain a secure and responsible financial position.
10. To support the co-operative philosophy and maintain communication with other co-operative organizations.