co-operative housing

Co-operative housing is a type of residential arrangement where residents jointly own and manage their living spaces. Instead of owning individual units outright, members purchase shares in the cooperative, which gives them the right to live in a specific unit. This model fosters a sense of community, as residents participate in decision-making and upkeep of the property. Co-ops often prioritize affordability and collaboration, allowing members to share resources and responsibilities. Residents typically pay monthly fees that cover maintenance, utilities, and management costs, promoting financial stability and collective ownership.