cooperative housing associations

Cooperative housing associations are organizations where residents collectively own and manage their housing. Instead of owning individual units, members buy shares in the co-op, granting them the right to live in a specific apartment. Decisions about maintenance, rules, and finances are made democratically by members. This model fosters community, provides affordable housing options, and spreads costs among residents, often making it easier to maintain high-quality living environments. Overall, co-ops blend shared ownership with collective management, ensuring residents have a say in their housing while pooling resources for sustainability.