Co-operatives
Co-op ownership is shared ownership of housing. A co-op is a corporation made up of the people who live in the housing. The housing can be apartments, townhouses, or individual houses. There are a growing number of mobile home park co-ops. In a co-op, the individual resident owns a share(s) of stock in the corporation made up of all of the residents. They do not own their own unit. This is different from a condominium in which each individual owns their own unit.
Limited equity co-ops limit the resale value of shares. The maximum resale value is predetermined by a formula established in the cooperative's bylaws. Generally targeted at low- and moderate-income people, the purpose of limited-equity cooperatives is to prevent speculation, encourage long-term residency, and preserve the "affordable" character of the co-op for a wide variety of future residents. Many limited-equity cooperatives have been developed by nonprofit organizations with government assistance.
We Own.net
http://www.weown.net/index1.htm
National Cooperative Bank
www.ncb.coop
Fannie Mae
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0504_miceli.pdf
National Association of Housing Cooperatives
http://www.coophousing.org/
Peoples’ Self Help Housing
http://www.pshhc.org/
USDA
http://www.rurdev.usda.gov/rhs/sfh/brief_selfhelpsite.htm |
