Cooperative Living Designed for Members 62+

TUESDAY, SEPTEMBER 15 INFORMATIONAL MEETINGS AT 10 AM AND 1:30 PM – CLICK HERE FOR MORE INFORMATION

Location

Sales Office at
Green Haven Golf Club

2800 Greenhaven Road
Anoka MN 55303

Contact Us:

763 225 1000

hello@TheAmericanClub.com

Sales Office Hours:

Monday - Friday 9:00 am - 3:00 pm By Appointment Only

More Club Info

Informational Video

 

Thank you for your interest in The American Club of Anoka, a senior cooperative designed for member-residents 62+.

Due to the current constraints of recommended social distancing, we cannot host our monthly group Informational Meetings at this time. However, we want to keep our momentum going, so we are coming to you through a convenient video version!

Whether you have attended a past meeting or have only recently heard about us, The American Club Informational Video will provide you with an excellent knowledge base. It will introduce you to who we are, including information about our developer, partners, location, cooperative living, financial basics, construction details, and home plans.

We are confident you will want to know more and even become a part of The American Club after watching. If you have questions or want to find out how to join our Reservation List, please call or email Denise Heuton in the Sales Office.

Now, we invite you to grab your favorite beverage and snack, and from the comfort of your home learn more about The American Club of Anoka. Video running time is approximately 40 minutes.

Thank you for watching!

FAQs

 

What is a cooperative community?

Housing cooperatives are a distinctive form of ownership that are membership-based. They combine the pride and benefits of home ownership with the convenience and cost-efficiency of community living. As a non-profit, The American Club is owned and controlled by its Members (residents), which protects the cooperative’s long-term property value and affordability.

The American Club is a limited equity cooperative partnering with the U.S. Department of Housing and Urban Development (HUD) to secure the financing of the cooperative through a master mortgage. This is the cooperative’s guarantee the project will be financed. In addition, The American Club works closely with HUD to ensure the completion of the cooperative.

As a Member, you are issued a share in the cooperative which gives you the voting rights to elect the cooperative’s Board of Directors. Each home represents one voting share. While the cooperative holds the title to the property, members have an exclusive right to occupy their home through their ownership in the cooperative.

How do I begin the process of joining The American Club?

The first step is to complete a Reservation Agreement to receive your priority number. Priority numbers are issued on a first-come, first-served basis. Upon executing the Reservation Agreement, a 100% refundable $500 deposit is required. This deposit will be held in an escrow account and is cancelable at any time by either party. Visit The American Club sales office at 2800 Greenhaven Road, Anoka, MN 55303 to secure your priority number. The sales office is located in the Clubhouse of the Green Haven Golf Course.

What are your sales office hours?

The American Club sales office is located in the Clubhouse of the Green Haven Golf Course at 2800 Greenhaven Road, Anoka, MN 55303.

Sales office hours are Monday-Friday, 9 am to 3 pm, or by appointment. Call 763-225-1000 to make an appointment.

How much does it cost to purchase a membership in The American Club?

There are two primary costs associated with your Membership, the Share Price and the Monthly Fee. The Share Price, which is your equity in the cooperative, is based on your Home Plan selection and represents approximately 40% of the Est. Home Value. The Share Price is required to be paid when the Subscription Agreement is executed. In addition, Members pay a Monthly Fee to the cooperative. The Monthly Fee primarily consists of your portion of the master mortgage payment, required mortgage reserves, real estate taxes, operating expenses, insurance for the cooperative, utility costs (excluding electricity and telephone), and professional management fees.

Visit The American Club sales office for Home Pricing and Monthly Fees.

Does my share value appreciate?

Your initial Share Price appreciates 3% per year until you sell. This amount compounds annually. A $750 fee is charged by the cooperative for marketing and selling your home.

What are the tax benefits of a cooperative?

The benefits are identical to those you enjoy in your single-family home. Generally, real estate taxes and mortgage interest are fully tax-deductible. However, please consult your tax advisor to better understand the specific benefits to you.

Can I customize my home?

Absolutely. While we believe The American Club homes are beautifully designed with wonderful amenities, we realize you will want to make your home your own.

Who is developing and managing The American Club?

The American Club will be developed and marketed by Gramercy Development Companies and managed by Ebenezer Management Services.

News & Events

August 6 Informational Meetings at Greenhaven Golf Course Clubhouse

July 25, 2020 – Learn more about The American Club! Meetings begins at 10 am and 1:30 pm. RSVP required. read more

May 7 Informational Meeting at Greenhaven Golf Course Clubhouse

May 7, 2020 – Due to social distancing, we cannot host our monthly group Informational Meetings at this time. However, we want to keep our momentum going, so we are coming to you through a convenient video version! Our sales office remains open and we are currently available by appointment only to ensure the safety of our members. Book an appointment now by calling 763-225-1000 or hello@TheAmericanClub.com. We invite you to grab your favorite beverage and snack, and from the comfort of your home learn more about The American Club of Anoka. Video running time is approximately 40 minutes. Just click HERE and enjoy!

April 2 Informational Meeting at Greenhaven Golf Course Clubhouse

April 2, 2020 – Learn more about The American Club! Meeting begins at 1 pm. RSVP preferred. read more

March 5 Informational Meeting at Greenhaven Golf Course Clubhouse

March 5, 2020 – Learn more about The American Club! Meeting begins at 1 pm. RSVP preferred. read more

February 6 Informational Meeting at Greenhaven Golf Course Clubhouse

February 6, 2020 – Learn more about The American Club! Meeting begins at 1 pm. RSVP preferred. read more

January 9 Informational Meeting at Greenhaven Golf Course Clubhouse

January 9, 2020 – Learn more about The American Club! Meeting begins at 1 pm. RSVP preferred. read more

The American Club to host Halloween B-I-N-G-O at Anoka American Legion

October 12, 2019 – Join us Monday, October 21. Games begin at 6:30 pm. read more

Informational Meeting Dates Announced for October 10 and November 14

September 30, 2019 – Meetings held at Green Haven Golf Course. RSVP appreciated. read more

The American Club Sales Office Opens September 30

September 20, 2019 – Reservation Agreements now being accepted. read more

Golf course senior living coming to Anoka

July 31, 2019 – Anoka’s longtime plan for a golf course community is coming to fruition. read more

 

Blog

Discover-the-Cooperative-Living-Experience

Discover the Cooperative Living Experience

The American Club of Anoka offers residents a cooperative living experience in a community that caters to and complements your evolutionary lifestyle. The details don’t need to be complicated. We’ll prove that here as we explain the benefits of cooperative living and how you can get started today in planning for your future.   WHAT IS COOPERATIVE LIVING? A housing cooperative, or co-op, is a membership-based form of ownership. Co-ops [More]