Cooperative Ownership: An Investment in Living Well
Fox Hill Village residents not only enjoy all the comforts of maintenance-free living, but also reap the rewards of an innovative cooperative organization. Cooperative ownership combines the advantages and pride of home ownership with the convenience of community living—offering residents both a secure lifestyle and a unique financial investment.
As a resident of Fox Hill Village, you are purchasing a share of ownership in the entire community and making an investment in living well. As a shareholder, you have equal voting status in electing the board of directors, which is comprised mostly of residents, and in approving the annual operating budget.
There’s also a substantial difference to cooperative ownership as compared to the entrance-fee models of other adult communities. While other communities offer residents only a 90 percent return on their original contribution, Fox Hill Village offers you the opportunity for potential asset appreciation by providing you with 90 percent of the sale price.
Further, living at Fox Hill Village is typically more affordable than at other communities. Our monthly fees are traditionally lower because our cost of services comes without markup to residents. Fox Hill also pays no management fees or dividends to outside stockholders. As shareholders, residents also are eligible for tax advantages associated with mortgage interest and real estate tax payments.
Fox Hill Village lets you control you own life in a private and secure setting at a lower cost than other adult communities while offering significant financial and tax advantages.