- EBMUD Water Restrictions
- THERE IS A WATER MORATORIUM IN EFFECT – CLICK HERE TO READ THE ANNOUNCEMENT
Welcome to Woodstock Homes!
Woodstock Homes is a resident-owned corporation that provides quality homes at affordable prices while fostering a unique opportunity for community. As residents and shareholders of the corporation, we work together to ensure that Woodstock Homes is a great place to live.
- We respect the historical legacy and ideals of our founding residents.
- We strive to maintain, protect, and enhance the assets of the corporation while preserving its financial stability.
- We celebrate our cultural and economic diversity.
- We value, protect, and care for our community.
A Brief History
The housing that comprises Woodstock Homes was originally built by the United States government during World War II to support the wartime civil servants serving our country.
After the war ended, the Public Housing Authority planned to sell the Woodstock Project as war surplus. One of the residents, Edward B.J. Nute, proposed to his fellow tenants that they form a non-profit corporation to purchase the property under a policy of mutual ownership. After two years of meetings, planning and negotiation, his dream was realized, and Woodstock Homes was born.
What is a Housing Cooperative?
A housing cooperative is formed when people join with each other on a democratic basis to own or control the housing and/or related community facilities in which they live. Usually they do this by forming a not-for-profit cooperative corporation. Each month they simply pay an amount that covers their share of the operating expenses of their cooperative corporation. Personal income tax deductions, lower turnover rates, controlled maintenance costs, and resident participation and control are some of the benefits of choosing cooperative home ownership. For more information about Housing Cooperatives, visit the National Association of Housing Cooperatives website.
The Woodstock Cooperative Concept
A cooperative is a business owned by the people who use it. At Woodstock Homes, each shareholder owns one share of the corporation. As a shareholder-based organization, we offer more housing for less money. Our residents have an equal vote in the corporation, which holds title to the entire Woodstock Homes property. Shareholders elect a Board of Directors. This volunteer board works with the shareholders to set the standards of excellence that help our community remain a pleasant and peaceful place to live.