Colonial Townehouses is a non-profit cooperative housing corporation and is located in Lansing, MI. The property is a Limited Equity Cooperative consisting of 248 housing unit townhouses solely owned by its housing members.
Colonial is located on 16 acres of well-kept lawns with mature trees and beautiful shrubs and flowers. Every townhouse has a front and back entrance and one assigned parking space to each townhouse.
Colonial holds many Member events which contribute to the close community relationships shared among its Members. Members are encouraged to decorate to their liking, such as painting, carpeting, wallpaper, or even doing some improvements such as adding a deck, patio, or finishing the basement.
To become a member of the cooperative a qualified applicant(s) purchases a membership into the cooperative that is equivalent to purchasing one “share” in the non-profit corporation from a member selling their membership. Membership in Colonial entitles each household to occupy a townhouse in the cooperative, one vote per household in the cooperative’s annual election of Board Members and certain tax benefits for mortgage interest (if applicable) and real estate taxes.