Read about how successful these members have been!
Attend one of our informational HopeBuilders breakfasts to learn more about the Champlain Housing Trust and the affordable housing work we do in northwestern Vermont.
Cooperative Housing Program
A housing cooperative is a member-owned business that manages the housing, and co-op members are both residents of the co-op and shareholders (owners) in the business. While co-ops aren’t for everyone, they’re ideal for people who want to be involved with their neighbors in creating community.
Financially, joining a co-op is like renting: members do not buy any real estate. However, unlike regular rental properties, co-op members share the responsibilities that a homeowner or landlord typically handles – they manage their budget, set policies, oversee repairs and solve problems. Depending on the roles they take on, members typically spend 4 to 10 hours a month on co-op duties. This level of security, control, and responsibility amounts to an ownership mindset without the financial investment of buying a home.
CHT Co-ops at a glance:
We have six co-ops in the Burlington area with a total of 121 apartments. The co-ops range in size: the smallest, House of Hildegard, has just three apartments, while the Bright Street co-op has forty – each with its own character. We see an average of 6 to 8 vacancies a year among all of our co-ops, and since openings are hard to predict, people who need housing within a few months should also look for rentals.
- Bright Street Co-op
- Flynn Avenue Co-op
- House of Hildegard Co-op
- Queensbury Housing Co-op
- Rose Street Artists' Co-op
- Thelma Maple Housing Co-op