Types Of Housing Cooperatives

Types Of Housing Cooperatives

1. Market Rate Cooperatives: which sells stock at full market value in the original sale and permits a market rate of return on resale by tenant-stockholder
2. Fully Mutual Cooperatives/Limited Equity Cooperative: which limits the returns allowed when shares are sold. The amount of return is determined by a formula established in the corporations bylaws
3. Mutual Housing Association: is a non-profit corporation set up to develop, own and operate housing. Generally, the corporation is owned and controlled by the residents of the housing project
4. Subsidized Cooperative: is a cooperative which has received some form of subsidy from a government or non-profit entity to lower the cost of the housing to the tenant stockholders
5. Building Cooperatives: where housing is cooperatively built, but the cooperative dissolves after construction is completed and housing is turned over to individual private ownership
6. Communal Housing Cooperatives: where residents share food and activities. Decision-making is often a consensus by all residents. Other types of communes are greenhouse cooperatives
7. Tenant Management Cooperatives/ Leasing Cooperatives: lease the property from an investor on a long-term basis, sometimes with an option to buy. The residents operate the property as a cooperative
8. Short Life Cooperatives: which are designed to accommodate the homeless for short periods. They are usually collapsible structures or mobile homes situated on vacant plots owned by institutions.
9. Community Housing Cooperatives: which is an umbrella association of individual cooperatives located within a neighborhood. They usually come together to support one another and have the ability to purchase or lease new buildings based on experience and membership
10. Cooperatives For Seniors: is a cooperative which has design and service features appropriated to a senior residency