limited equity co-ops

Limited equity co-operatives are housing cooperatives where members buy a share that grants them the right to occupy an apartment or unit. These shares are usually sold at a below-market price and are designed to retain affordability over time through restrictions on resale or profit. Members collectively manage the property, sharing responsibilities and costs, while the limited equity aspect helps ensure the units remain affordable for future residents. This structure promotes community ownership and stability, balancing individual housing rights with a commitment to long-term affordability.