The purpose of Mahone Bay Community Land Co-operative is to expand and preserve the supply of nonmarket housing by acquiring and converting land and/or buildings, and by fostering the development of new co-operative housing communities.
Our vision is a growing number of non-profit co-operative housing communities that provide secure and healthy homes as a foundation for fulfilling lives.
MBCLC was incorporated in August 2022 under the Co-operative Associations Act in the Province of Nova Scotia.
MBCLC is currently seeking opportunities to acquire land and/or buildings.
Learn more
Download and share these MBCLC infographics:
What is a housing co-op?
A resource from the Co-operative Housing Federation of Canada
Housing co-ops provide not-for profit housing for their members. From the curb, housing co-ops look like any other street address. The co-op difference is on the inside.
Housing co-ops are member-owned
Housing co-ops are unique because they are owned and controlled by the members. They are non-profit and therefore monthly housing charges are designed to cover expenses with surpluses reinvested into the co-op.
Housing co-ops are a place to put down roots
As long as you pay your monthly charges and uphold the other co-op rules, you can stay as long as you want.
The
Board of Directors consists of a minimum of four (4) and a maximum of
ten (10) Members. Directors
are elected for a term of 2 years; arranged so that 50% of directors
are elected each year. A Director may serve a maximum of five (5)
consecutive terms.
While
practicing governance is the primary responsibility of the Board, their
actions are ultimately supported by the decisions
of the Members who elect them. The Board of Directors work together
with staff and co-op Members as a team to ensure that good governance is
carried out.
The primary responsibilities of the Board of Directors at Mahone Bay Community Land Co-operative (MBCLC):
The director roles are Chair, Vice-Chair, Secretary and Treasurer.
Members
The Co-operative is limited by shares. Each Member must hold a minimum of five (5) shares. The share cost is ten dollars
($10.00) each and there will be no dividends paid on shares.
In Nova Scotia, when you move into a co-operative, you are given the opportunity to become a Member of that co-operative –
Membership is optional.
MBCLC plans to consist of Resident Members and Non-resident Members once they have obtained housing units.
Resident Members are
Members that live
in one of MBCLC housing units. Individuals that live the MBCLC housing
units may choose not to join Membership, or they may lose their
Membership. The main reason Membership would be removed is due to
non-payment of housing charges.
Non-resident Members that do not live
in the co-op but chose to support MBCLC’s Strategic Plan and possess knowledge or expertise that is of benefit to the Co-op.
Individuals may chose to apply for Joint Membership.
Joint Membership is
Membership that is shared between two or
more individuals that typically reside in the same household. If the
Board approves Joint Membership only one person in the Joint Membership
can vote. The voting person is decided by the Joint Members unless a
Joint Member holder is elected to the Board, then
the person elected to the Board will become the person that holds the
privilege of voting.
The role of Members is incredibly important to the healthy functioning and governance of a housing co-operative – without
the members, the co-op would have no one to serve.
MBCLC Members are responsible for:
choosing the directors
amending the co-op’s Bylaws and policies
making policies set by the members
approving operating budget
approving audited financial statements
appointing the auditor
adopting special resolutions
hearing appeals of membership terminations
MBCLC Members exercise good governance by:
following the co-op Bylaws and Policies
attending Members meetings
showing respect to other Members, the Board and consultants
paying housing charges on time and being a good neighbour (Resident Members)
Information on how to become a Member
If you are interested in becoming a Member of MBCLC please contact the Secretary, Katherine McCarron at mbclc@protonmail.com.