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The Southern Alberta Co-operative Housing Association, or SACHA, is a regional federation of housing co-operatives that is governed by a Board of Directors who live or work in member housing co-operatives. SACHA, together with the members, forms a community working toward the same goals and operating by the co-operative principles. This partnership of working together, sharing information and supporting one another ensures continuing success.
About Co-op Housing
There are about a quarter of a million people living in housing co-ops across Canada. A housing co-op is a legal association formed for the purpose of providing homes to its members on a continuing basis. A co-op is different from other housing associations in its ownership structure and its commitment to co-operative principles. Co-op housing offers a home, not an investment.
Who Lives in Housing Co-ops?
Co-op communities are made up of all kinds of people with different backgrounds and incomes and special needs. Housing co-ops provide an affordable option to main market housing. As a co-op member you would purchase shares in the co-op, pay a monthly housing charge, attend members' meetings and participate in running the co-op.
If you are looking for housing, please contact the co-operative you are interested in, click here to see the list of co-ops and their availability.
The rights of a co-op member include: voting on the annual budget, electing a board of directors, running for the board of directors, receiving audited financial statements, and enjoying a sense of belonging and community.
Some co-ops offer subsidy to help applicable members pay their monthly housing charges. Non-profit housing co-ops receive money from the government (federal and/or provincial) to help the co-op subsidize a certain number of housing units.
The housing charge for these units is adjusted to the income of the household. If a household qualifies for a subsidy, their housing charge is usually set at 25-30% of the household's income plus charges for utilities.
SACHA is Still Accepting Donations to the Flood 2013 Relief Fund
If you are interested in contributing to SACHA's Flood 2013 Relief Fund please visit our Flood Relief Page for more information.