West End Place Cooperatives

West End Place is a condominium with an innovative cooperative structure.  It is a mixed-income residential community with 183 apartments organized as two cooperatives.  The market-rate cooperative has 101 market-rate apartments owned by shareholders in the cooperative and affordable cooperative has 82 affordable apartments occupied by tenants who also have shares in the cooperative.

Market Rate Cooperative Apartments

West End Place One Corporation is a residential cooperative comprised of 82 one, two and three bedroom apartments of which 58 are subsidized by a project based Section 8 contract and 24 are rent controlled with low income housing tax credits.  Those shareholders residing in a Section 8 apartment pay 30% of their income in rent and the balance (based on the market rate) is paid by Housing and Urban Development.  The shareholders residing in the low income housing tax credit apartments pay a maximum rent which is based on 60% of the area median income for the family size.   Cooperative One maintains a waitlist for all unit sizes and subsidies.  The waitlist is currently closed due to high interest and the anticipated wait for a unit is over three years.  All applicants who are considered for a unit at Cooperative One are certified as being income eligible per HUD and LIHTC regulations.

Affordable Housing Cooperative Apartments

West End Place Two Corporation is a residential cooperative comprised of 101 one, two and three bedroom apartments of which 77 are market rate and 24 are affordable.  The 24 HOME Fund units are regulated by the Department of Neighborhood Development and sales are restricted to those households who are at or below 80% of area median income.  The re-sale price of these units is also restricted.  The market rate units are sold on the open market with no restrictions.