equity cooperatives

An equity cooperative is a type of shared ownership organization where members collectively own and control assets or properties, such as a housing community or a business. When members join, they buy a share or “equity” in the cooperative, giving them voting rights and a say in how it’s managed. Profits or surpluses are typically reinvested or shared among members. This structure promotes democratic governance, affordability, and community involvement, aligning the interests of members with the organization’s success. It’s a way for individuals to collaborate ownership and decision-making for mutual benefit.