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Cedarwood Cooperative
Flower Bed ADMISSION GUIDELINES AND PROCEDURES

MINIMUM INCOME REQUIREMENT

MARRIED COUPLE:
$22,000 + $1,000 per dependent (child or parent) or $17,000 one spouse minimum.

SINGLE:
$22,000 + $1,000 per dependent (child or parent)

SENIOR CITIZEN:
$15,000 + $1,000 per dependent (spouse or parent)

Applicants with total disability must earn $15,000. Child support and alimony cannot be considered unless proper documentation is provided including court order.

Applicant must also meet the following admission standards:
a) proof that all debt obligations (including Cooperative obligations) can be paid from current income
b) proof that debt obligations are paid promptly
c) proof that landlord or mortgagee is paid promptly
d) proof of declared income

*Past debt history will be reviewed


INFORMATION REQUIRED WITH APPLICATION

  • Previous year's W-2 form
  • Paycheck stubs for three months
  • Copy of current drivers license
  • $25.00 - money order, certified check, or cash (non-refundable)
  • Any additonal information deemed necessary by Cooperative Management


GENERAL INFORMATION

Our carrying charges range from:

$369 -- First Floor, One Bedroom
$375 -- Second Floor, One Bedroom
$414 -- Two Bedroom, Interior
$419 -- Two Bedroom, End
$425 -- Two Bedroom, Duplex
$463 -- Three Bedroom, End
$469 -- Three Bedroom, Twin Court
$477 -- Three Bedroom, End Drive

Additional assessments for windows may apply on some units.


MEMBERSHIP APPLICATION

Feel free to download and print our membership application and criteria. If you have any questions, please contact us.

Cedarwood Cooperative Forms:




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Copyright 2005. Cedarwood Cooperative. Park Forest, IL. All rights reserved.
Any reproduction, duplication, or distribution is prohibited.

Flower Bed Photograph On This Page Courtesy of Essential Photography. Chicago, IL. 773-445-8246
Door Photograph On This Page Courtesy of Creative Photography, Gene Sparing. Park Forest, IL. 708-748-5150