Frequently Asked Questions

WHAT IS HOLLIDAY PARK?

Holliday Park Towne Houses Cooperative is a 693-unit townhouse community located in Westland, Michigan. With a paid-off corporate mortgage, Holliday Park offers affordable, worry-free living in a neighborhood owned and operated by its residents.

As an unlimited income cooperative, members purchase a share in the corporation, giving them the right to live in a unit and participate in community decisions. This unique model combines economical housing, shared responsibility, and a vibrant lifestyle surrounded by nature and modern amenities.

WHAT IS A COOPERATIVE ?

A cooperative is a non-profit corporation where residents join together for mutual benefit. Instead of buying real estate, members purchase shares in the corporation, which represent the right to occupy a unit—not ownership of property.

Key points:

• Shares Equal Units: The cooperative sells shares equal to the number of homes in the community.
• Membership Through Approval: Shares are sold to qualified, approved individuals who then become members.
• No Individual Mortgages: Because you’re buying stock, not real estate, traditional mortgages do not apply.
• Community Ownership: Members collectively own and operate the property, guided by bylaws and an elected board.

In short: A cooperative offers affordable housing, shared responsibility, and a strong sense of community—without the burden of individual mortgages.

WHAT WILL IT  COST TO BECOME A MEMBER?

Membership costs vary based on:

• Unit Type & Size – From cozy ranches to spacious townhouses.
• Condition of the Unit – Including any upgrades or improvements.
• Equity Transfer – You purchase the equity from the departing member.

Typical Buy-In Range (2025):
Approximately $25,000 – $60,000, depending on the unit.

After your initial buy-in, you only pay monthly carrying charges (which include heat, maintenance, property taxes for Michigan residents, and insurance).

Important: You’re buying the right to occupy a unit, not real estate—so there are no individual mortgages.

WHAT WILL  MY COSTS BE AFTER MOVING IN ?

Once you become a member, your ongoing costs are simple and predictable:

• Monthly Carrying Charges
  Cover heat, operating costs, maintenance, property taxes (for Michigan residents), and insurance on the property.
  Typical range: $230–$350 per month.
• Personal Expenses
  You’ll pay for:
  • Electricity
  • Telephone
  • Water
  • Cable (optional)
  • Personal insurance for your belongings and liability

No hidden fees. No mortgage. Just affordable, community-focused living!

HOW IS HOLLIDAY PARK MANAGED?

Holliday Park operates under Fair Housing Law and is managed on-site for convenience and accountability.

• Resident-Led Governance: A volunteer Board of Directors, elected by members, sets standards and makes decisions to ensure a safe, pleasant community.
• Committees & Volunteerism: Resident committees provide valuable services and help keep costs low.
• Community Participation: Members are encouraged to volunteer, fostering a strong sense of community and shared responsibility.

In short: Holliday Park is managed by the people who live here, creating a cooperative environment where everyone has a voice.

WHAT IS THE PROPERTY LIKE?

Holliday Park Townehouses spans 55 acres of beautifully maintained grounds, offering a variety of home styles and community amenities:

• 7 Unique Floor Plans
  • Ranch homes with 1 or 2 bedrooms
  • Two-story townhouses with 2 or 3 bedrooms
• Home Features
  • Private front and back entrances
  • Full basements for extra storage
  • Hardwood floors and spacious layouts
• Community Amenities
  • Large clubhouse for events and gatherings
  • Olympic-size swimming pool
  • Tennis courts
  • Expansive green spaces throughout the complex

In short: Holliday Park combines comfort, convenience, and recreation in a welcoming, nature-surrounded setting

IS THERE A MINIMUM OR MAXIMUM INCOME I MUST MAKE TO BECOME A MEMBER?

• No Maximum Income: There is no upper income limit—anyone can apply.
• Minimum Income Guidelines Apply: To ensure financial stability, Holliday Park enforces minimum income requirements.
• Two Ways to Qualify:
  • Worker: If your primary income comes from employment.
  • Non-Worker: If you’re retired or have sufficient income and assets.
• Verification Required: Income and credit history must be verified. Documentation differs for Workers and Non-Workers.

In short: Holliday Park is open to all income levels, as long as you meet the minimum guidelines for financial security.

WHERE IS HOLLIDAY PARK?

Holliday Park Towne Houses Cooperative is conveniently located in Westland, Michigan, on the east side of Wayne Road, just south of Joy Road.

Our business office and clubhouse sit at the entrance of the property:
34850 Fountain Boulevard, Westland, MI 48185

This prime location offers easy access to shopping, dining, medical facilities, and major highways—making Holliday Park both peaceful and connected.

WHAT IS THE PET POLICY AT HOLLIDAY PARK?

Holliday Park welcomes approved companion animals.
To bring a pet into your home, you’ll need to:

• Complete the required forms
• Obtain approval from the office

For details and paperwork, please contact the Holliday Park office.