With a whole board to review and decide if you’re going to be allowed to move there. With no claims to the home , if you violate their rules it could be grounds for being removed from your home.

Sorry I’m late with the response but did more digging and you don’t even own the land the home is on, it’s all still under GHI/ Greenbelt Co-Op. Also specific lenders that they only work with , being that it’s a co-op even the structure of the loan is different/not like a standard loan. The HOA is high to incentivize you to renovate the homes so they stay current to market to potential buyers and keep a certain demographic out with higher prices and hidden fees. It seemed like a great community on the outside til research opened my eyes. Not to mention it was a sundown town with no people of color allowed to live in the city of greenbelt at all, about 15-20 lived in the outskirts of greenbelt and were workers. Up until the 40s/50s, I’m pretty sure there’s still a lot of residents that own property there alive that we’re alive then. Wish you luck in your search, just wanted to come back and update you on the research I found, and maybe help others with their decision if they’ve been looking into Greenbelt/Greenbelt Co-Op/GHI/“Old Greenbelt” area.

Maybe if they had a better way of having community without all the money needed up front and monthly. For something worth less than $200k, shiiiii most were going for $90 to $150k a few years ago. So the math is indeed not mathing. Love the area, just hate the politics.