Princeton Cooperative

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The Princeton Co-op
File:The Princeton Cooperative Association Inc..jpg
General information
Status Complete
Type Housing Cooperative
Location 1726 15th Ave
Seattle, Washington, United States
Coordinates Lua error in package.lua at line 80: module 'strict' not found.
Construction started September 9, 1906
Cost $20,000
Owner The Princeton Cooperative Association Inc.
Technical details
Floor count 3

The Princeton Cooperative is a housing cooperative located on Capitol Hill, Seattle, Washington. It was built in 1906 and was converted to a co-op in 1948. [1] It has 25 member-owned units and one unit owned by the corporation that is rented at a reduced rate to a live-in caretaker. There are three floors with eight units per floor. One unit is located in the basement as is communal storage and laundry facilities.

Owner

The building is owned by a non-profit corporation of which the residents of the building are member owners. The co-op is run cooperatively by the members via the seven-member Board of Directors that meets monthly to take care of the co-op's business.

Membership

Generally, membership is allowed to any one who wishes to purchase and live in a unit in the building. All potential members must go through a background check and an interview with the board, which has the right to deny membership for any legally allowed reason.

Although a cooperative situation, members generally do not split the duties of the co-op's business with the exception of board service. Live-in caretakers are responsible for all cleaning duties and basic maintenance as well as working with various city and state governments to ensure all annual inspections are completed on time.

References

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External links