North Avenue Cooperative

A resident-owned community

How much does it cost to live in North Avenue Cooperative?

 

  • Each Member household pays three charges.
  • The first is the Application Fee of $65 for each adult in the home.
  • The second charge is one-time Membership Fee of $100. And, Members get their Membership Fee back if they sell their homes.
  • The third charge is the lot rent that is collected monthly to pay for operating expenses like taxes, insurance, trash/recycling collection, water and sewer, and the Corporation’s mortgage payments. Lot rent is currently $426 per month.
  • We now have control over when and why our rent changes.
  • Find out more about the application process here.