Housing Cooperatives
Housing cooperatives are member groups that share the ownership of a residential building. Each member has a number of shares in the housing cooperative granting them occupancy of a living unit based on the co-op’s rules. Members do not actually own the property, but have a legal share of the property. A board of directors comprised of elected … Keep Reading → members governs co-ops. In some student cooperatives, members obtain rights to occupy a space in the cooperative for a fee without actually becoming owners. Find out more about housing cooperatives in this informative Hub.
