Principles of the Muriel Collins Housing Co-operative consist of both Basic Principles and·overall Guiding Principles.
- A continuing Co-operative in which members do not own individual units but share collectively in the ownership of all.
- Democratic control by members on the basis of one member, one vote.
- When a member leaves the Co-op, s/he does so without financial loss or gain.
- To co-operatively provide and maintain good housing and community services for members at cost.
- To involve members in planning, development and management of all aspects of the co-operative.
- To make optimum use of available land while at the same time preserving the natural aspects of the environment.
- To provide individuals and members with freedom and privacy while maintaining standards and regulations agreed upon by the members themselves.
- To rent housing to members on a non-profit basis.
- To provide member residents with security of tenure comparabale to private ownership.
- To create a community in which people can live comfortably regardless of income, age or ethnic background.
- To take into consideration the needs of the physically disabled.
- To maintain a secure and responsible financial position.
- To support the co-operative philosophy and maintain communication with other co-operative organizations.