London Towne Houses Cooperative, Inc. is a corporation where the residents own the entire development through a Corporation in which each resident is a “Member Owner”.
London Towne Houses Cooperative is a non-profit corporation where we have made it possible to offer this cooperative development at monthly rates below comparable investor owned rental housing. There is no profit to any equity owner; the Member Owners simply pay all the regular operating expenses-proportionately.
The Member Owners elect from amongst themselves a Board of Directors that set policy for the Cooperative; and employs a General Manager to oversee the day-to-day operations of the cooperative and the administrative and maintenance staff.
