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The enriching concept of housing cooperatives in Geneva

décembre 18, 2023
Cooperative - housing - Geneva - Rent - Homelocation

A housing cooperative: what exactly is it? It’s more than just a place to live; it’s a nonprofit community aiming to provide affordable housing to its members. Let’s delve into this unique world.

Foundational Principles of the Cooperative:

  • Democratic Organization: At the heart of every cooperative is a democratic general assembly, where each member has an equal voice. Decisions are made collectively, creating an inclusive community where every opinion matters.
  • Collective Ownership: The cooperative holds the property of the building, thus assuming overall responsibility. Members are formal tenants, but they actively participate in crucial decisions and elect the board of directors.
  • Financial Participation: Members contribute to the cooperative’s capital by subscribing to shares, usually between 5% and 10% of the value of their apartment. An investment reimbursed when they leave the cooperative.
  • Solidarity and Conviviality: Beyond walls, cooperatives foster exchange, conviviality, solidarity, and a shared sense of responsibility. It’s an enriching life experience.

Benefits of Becoming a Cooperator:

  • Control Over Your Habitat: As a cooperator, you actively participate in decision-making bodies, directly influencing your residential environment.
  • Rent Dedicated to Costs: Your rent strictly covers costs, offering you rare financial transparency in the rental market.
  • Advanced Protection: Cooperatives provide better protection against evictions, ensuring residential stability.
  • Higher Quality of Life: Quality criteria are a priority, favoring functional spaces and fulfilling human relationships.

Becoming a Cooperator: How?

  • Acquisition of Shares: Owning at least one share is the first step. Many cooperatives offer this opportunity for a modest sum.
  • Housing Application: Registering as a housing applicant with Geneva cooperatives and appropriate agencies is essential.

Cost of Shares and Financing:

  • Variable Costs: The cost of shares varies according to the building, the cooperative, and its financing, typically ranging from 1,000 CHF to 10,000 CHF per room.
  • Payment Options: Payment conditions vary from one cooperative to another, offering flexible terms to meet members’ needs.
  • Possible Financing: In case of need, financing for shares can come from the 2nd pillar or a loan from the State of Geneva, repayable over 5 years.

In the framework of this cooperative adventure, every contribution matters, every member shapes their community, and every home becomes a success story. Welcome to the warm world of Geneva housing cooperatives.

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