tenant cooperatives

Tenant cooperatives, often called housing co-ops, are organizations where residents collectively own and manage their housing. Instead of renting from a landlord, members buy shares in the cooperative, giving them a say in decisions like maintenance, rules, and budget. This structure promotes shared responsibility and can offer more affordable, stable housing since costs are managed collectively. Co-ops foster a sense of community, offering residents a voice in how their building is run, while avoiding profit motives typical in traditional rental arrangements.