Fri 21 Nov 2008
Bluestem Cooperative Looking for Members
Posted by MarkFick under openings
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A New Housing Cooperative is Taking Root in Chicago!
Bluestem Cooperative is designed to be an affordable community of homeowners. We wish to build on our existing diverse community of individuals and families who support one another, share resources, and act together on our vision of a just world.
We are looking for at least 2 - 3 more households to join our group. Each of the member households will occupy individual apartments and will share the ownership and management of the property. There is a lot of work involved in starting a new cooperative. All members are expected to actively participate in the development and operation of the cooperative.
Initial share prices are projected to be between $20,000 and $30,000. We are working to keep monthly costs between $1,000 and $1,400 per apartment.
Bluestem is structured as a limited-equity cooperative in an effort to maintain permanently affordable housing for future residents. The value of each share can increase over time, but this equity increase is restricted by the by-laws.
To learn more about Bluestem, please contact Jennie at jellynn@yahoo.com or 773-879-5584.
