co-operative housing model

A co-operative housing model is a community-based arrangement where residents collectively own and manage their housing. Instead of buying property individually, members purchase shares in the co-op, granting them the right to live in a specific unit and participate in decision-making. The co-op handles maintenance, rules, and finances democratically, promoting affordable living and shared responsibility. This model fosters a sense of community, encourages involvement, and often results in more stable housing costs because profit is reinvested into maintaining the property rather than generating individual profit.