limited equity cooperatives

Limited equity cooperatives are housing cooperatives where members own shares that give them the right to live in a unit and participate in the cooperative’s governance. Unlike traditional rentals, their shares have a fixed resale value, typically lower than market rate, aiming to keep housing affordable. Members pay monthly fees covering maintenance and expenses. The “limited equity” aspect restricts profit from resale, prioritizing community stability and affordable living rather than profit-making. This model promotes shared ownership, democratic control, and affordability, making it suitable for those seeking long-term, stable housing options within a cooperative structure.