So you want to live at Neill-Wycik? You may be asking yourself, what’s a co-op? Before a member applies and moves in to our building, it’s important that they understand that they’re not just applying to live in a typical student residence or apartment complex. Here are some important things to understand and to consider before you apply to live here:
Neill-Wycik is co-operative housing. What’s a co-op you might be asking? Co-ops are collectively owned businesses, governed and operated by their members. Neill-Wycik was started by Ryerson students as a way to create an affordable and nearby place for students to live downtown. This means we’re a not-for-profit living space… so there’s no landlord collecting earnings off our rent! This is how we’re able to offer such affordable housing in such a great location. If you live here, you’re an OWNER of Neill-Wycik. Without a landlord ALL the money from our housing charges goes back into running our building – by the students, for the students. After signing your housing agreement you automatically become a member of the co-op. With this comes a bit of responsibility…
In a co-op there’s the expectation that members will give back to the place that they call home. Being a member of Neill-Wycik means that you help keep our rent low by contributing your time and energy to the building, as well as being involved in its democratic functioning and governance. You’ve got to look after the place you own, after all.
The cooperative movement has a deep history dating back over a hundred years. The Rochdale Society of Equitable Pioneers established the “Rochdale Principles” which have, over time, come to be a set of unifying ideas adopted by the co-operative sector as a whole. The co-operative principles are:
- Voluntary and Open Membership
- Democratic Member Control
- Member’s Economic Participation
- Autonomy and Independence
- Education, Training, and Information
- Cooperation Among Cooperatives
- Concern for Community
Here at Neill-Wycik these are our guiding set of beliefs that we strive to practice in everything we do.
If all of this sounds like it could be a good fit for you, you’ll want to come and live with us.