housing co-operatives

Housing co-operatives are organizations where residents collectively own and manage their housing. Each member buys a share in the co-op, which gives them the right to live in a unit and participate in decision-making. This model fosters community and collaboration, as members work together on maintenance, policies, and financial matters. Co-ops often provide more affordable housing options and can promote stability, since they are not driven by profit like traditional landlords. Members share responsibilities and benefits, creating a sense of partnership and mutual support within the living environment.