The Mutual Housing Association is a private, nonprofit,
501(c)(3) partnership organization that develops, owns and manages new and
existing affordable housing in the community interest. Membership is composed
of mutual housing residents and potential residents, representatives of
municipal and state government, and leaders from businesses and the broader
community. A board of directors representative of the membership governs the
association. Each board member has one vote; mutual housing residents and
potential residents constitute a majority of the membership of the board of
‘"A step up from rental housing," Mutual Housing offers many of the advantages of traditional home ownership:
‘Quality housing - well-constructed and well-maintained
‘Sensitive, responsive management - which works for the members.
‘Security of tenure - with residents assured an affordable home for as long as they wish to stay, provided there's no serious breach of the occupancy agreement.
‘Continued affordability - housing is not to be sold and market pressures do not affect it. Housing costs are directly related to the costs of operation.
‘Resident control - each member having a voice in making policy decisions.
BENEFITS OF MUTUAL HOUSING TO THE COMMUNITY
‘A stable tax structure in the community
‘The creation of a permanent, quality housing resource for generations to come.
‘Participation in a nonprofit association that can be for financially self-sufficiency through the generation of housing development and property management fees
‘The ability to revitalize the neighborhood and tackle other problems, such as education, drugs & crime, once residents have secure, affordable housing.
From the Davis Mutual Housing Association,http://www.dcn.davis.ca.us/go/terbeaux/mutual.html