What is a co-op?
With thanks to Wikipedia:
A cooperative (“coop”) or co-operative (“co-op”) is an autonomous association of people who voluntarily cooperate for their mutual social, economic, and cultural benefit.
Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services (a consumer cooperative) or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative).
Sanford is a housing cooperative: our members come together and cooperate to manage their own housing – there are no middle men and no landlords in the traditional sense.
The Seven Co-operative Principles
As a co-op we follow the seven co-operative principles.
- Voluntary and Open Membership
- Democratic Member Control
- Member Economic Participation
- Autonomy and Independence
- Education, Training and Information
- Co-operation Among Co-operatives
- Concern for Community
You can download the principles in this handy poster produced by Radical Routes: