Cooperative Model

The Village at Duxbury, a continuing care retirement community for residents 62+, is organized as a cooperative housing corporation. The shareholders of the cooperative corporation have voting rights and own a share of stock, and are entitled to benefits of ownership, including real estate tax benefits and the opportunity to benefit from appreciation of the value of their share. One share is attributable to each Apartment or Garden Home and if two individuals live in an Apartment or Garden Home they own one share jointly and together have one vote as a shareholder. Upon resale of the share, residents receive 87% of the selling price of their share.

The Welch Group manages the community. The eleven-member elected Board of Directors is the governing body for The Village, with eight residents serving on the Board.