Durham Region Newspapers banner

Whitby Free Press, 14 Nov 1979, p. 26

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

1 DRES-S Six loc al people have been elected to, E.C.O.D.F. board of directors The two, year 'oid organîzation's purpose, ac- cording to administrative director Marvin Bader is to "«asalat in the development of co-operative houslng." Bader says that co- operative houslng Is attrac- tive because the, monthly costs are cheaper. In a co-operative houslng projeet, the members pay of a block mortgage,there la no individual 'titles of owner- ship but la a joint effort with the members electig their board of directors ta runt their affaira. Bader says that since it's formation the communlty based group had assisted in, the formation of many co- operative project.s notably the East Whitby Co-op. E.C.O.D.F. la tmnder con- tract to the Central Mor- tgage and Houslng Corý- poration (CMHC) to asslat Lu these- projects in the Durham Reglon as well as areas golng north ta Peter- borough and east to Bellevile. The foundation la a non- profit organization and WiI asslat any group of people who wlsh ta start a co-op, Bader says. Bader says the foundation wlll asslat Lu the application for starting funds; for the CMHC and , wlll asslat the group ta, make the project economlcalyvlable. If any group wishes to start their own co-operative houslng project,. the E.C.O.D.F. la located at 1650 Dundas Street Est, Whitby and the telephone number la 571-0M2.

Powered by / Alimenté par VITA Toolkit
Privacy Policy