]How is Co-op Housing different from renting?

Co-operative housing may not be bought or sold for profit. There
is no landlord. There is no profit given to anyone. Housing
charges rise only when costs increase. 

Co-op members have more power than renters because they have a
say in what goes on. Each member has one vote in the operation of
a housing co-op.  Co-op members can vote on important matters
such as what their housing charges will be and what regulations
members will be expected to follow.

Co-op members also have more responsibility than renters. They
are expected to participate in the operation of the co-op. The
co-operative as a whole owns the housing and is responsible for
its management. When members help out in the co-op, they can keep
operating costs down. Lower operating costs mean lower housing

Members of housing co-operatives can stay as long as they respect
the membership rules. Their housing cannot be sold out from under

Monthly housing charges are geared to income and may change as a
person's income changes. If the member's income goes down, he or
she can apply for subsidy to help with the housing charges. If a
member's income goes up and he or she no longer needs help with
housing charges, the member can still remain in the co-op. 

People who participate in running their co-op can learn many new
skills, both from their fellow co-op members and through VICHA's
educational workshops. Co-op members can learn practical skills
and ways of working together with their neighbours.