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Co-operative Principles for housing co-ops

On September 23, 1995, the International Co-operative Alliance, the body representing co-operatives worldwide, adopted new co-operative principles. They appear in short form below.

1. Open membership

Co-ops are open without exception to anyone who needs their services and freely accepts the obligations of membership.

2. Democratic control

Co-ops are controlled by their members, who together set policy, make decisions and elect leaders who report to them. In primary co-ops each member has one vote.

3. Economic participation

All members contribute fairly to their co-ops, which they own in common. Co-ops pay a limited return (if any) on money people have to invest to become members. Surpluses are held for the future and used to improve the co-op’s services.

4. Independence

All agreements co-ops sign with outside organizations or governments should leave the members in control of the co-op.

5. Co-operative education

Co-ops offer training to their members, directors and staff. Co-ops tell the public what they are and what they do.

6. Co-operation among co-operatives

Co-ops work together through local, national and international structures to serve their members.

7. Community

Co-ops meet members’ needs in ways that build lasting communities within and beyond each co-op.