This paper discusses the ignored social costs and profits in cooperative housing schemes. These projects focus on monetary costs and benefits. These projects ignore the social side, which is an important part that housing projects must consider. This study is necessary because of the importance of housing projects, and their contributions to the problems and solutions to the problem of different societies. Housing projects also play a significant role in supporting the construction industry nationwide. The importance of the study lies in the fact that cooperative housing projects often ignore the social costs of housing. Therefore, the aim of this study is to shed light on social expenses and profits in cooperative housing projects, and to make suggestions for improvement. Literature is reviewed on the available research work that has previously been done on housing schemes in Jordan. However, the focus of this study is on examining the housing schemes conducted by the Jordanian Engineers Association. The review takes care of the different opinions of architects and thinkers on the issue of housing in Jordan as well as a case study to help address the problem. The cooperative housing schemes in the Jordanian Engineers Association aim to grant a plot of land each to members of the association to enable them to build their own independent homes. Further, the study helps to understand the neglected social expenses and social profits, and to revive those benefits in housing projects, because these projects depend on the financial side while ignoring the social part of these projects. The study ends by recommending more government power in planning and designing private cooperative housing schemes, because government's role is necessary to support and monitor these projects to ensure the existence of social benefits in them.