The Cooperative Model
When you purchase your residence at The Village, you become a shareholder in our Cooperative Housing Corporation. The cooperative corporation owns all of the land, buildings and assets associated with The Village at Duxbury.
The Village is governed by an eleven-member elected Board of Directors, with eight residents serving on the Board. Each residence represents one share in the cooperative corporation and a vote in determining the board. Should you decide to sell, you will have the opportunity to participate in setting your share price.
From its inception, the corporation was structured to account for future expenditures and capital improvements. Unlike many condo associations, The Village at Duxbury has never levied a special assessment.