We are a mixed-income community providing sustainable, affordable, and secure housing for our members.
We accomplish our mission through socially just action, collective energy, and shared responsibility.
- We believe in creating a mixed income, diverse, and inclusive community;
- We believe in collectively supporting our low income members;
- We believe that members can provide effective management;
- We believe that member participation, education, and interaction enhance our community;
- We believe in maintaining the co-op in good repair;
- We believe in addressing both member and community needs when allocating units; We believe in social justice;
- We believe in a decisive Board for thoughtful and effective governance; and
- We believe in being respectful and considerate of our neighbours while enjoying our home.
These seven co-operative principles are guidelines by which all co-operatives put their values into practice (adapted from CHF/BC and the International Co-operative Alliance).
- 1st principle: VOLUNTARY and OPEN MEMBERSHIP Co-operatives are voluntary organizations, open to everyone willing to join who accepts the responsibility of membership, without racial, gender, social, political, or religious discrimination.
- 2nd principle: DEMOCRATIC MEMBER CONTROL Co-operatives are democratic, run by the members for the members. No decisions are made without member support. All members have an equal say in managing and operating the co-op.
- 3rd principle: MEMBER ECONOMIC PARTICIPATION Members contribute equitably to and democratically control the capital of the co-operatives. Members receive limited compensation, if any, on shares. Surpluses are used for the following purposes: developing the co-operative, possibly setting up reserves, and supporting other activities approved by the membership. No member can profit on money invested in the co-operative.
- 4th principle: AUTONOMY & INDEPENDENCE Co-operatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.
- 5th principle: EDUCATION, TRAINING, & INFORMATION Every co-op member has the right and responsibility to participate, to help make decisions and give leadership. Co-operatives have the responsibility to provide education, training, and information for their members so they can contribute effectively to the development of the co-op.
- 6th principle: CO-OPERATION AMONG CO-OPERATIVES Co-operatives serve their members most effectively and strengthen the co-operative movement by working together; co-ops share ideas and co-operate with other co-ops, working together to help each other solve problems and have a greater political voice at federal, provincial, and municipal levels.
- 7th principle: CONCERN FOR COMMUNITY While focusing on member needs, co-operatives work for the sustainable development of their communities through policies accepted by their members.