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  1. Apr 19, 2024 · A housing cooperative or "co-op" is a type of residential housing option that is actually a corporation whereby the owners do not own their units outright. Instead, each resident is a shareholder ...

  2. Nov 5, 2022 · What it means. A “housing cooperative” (or “co-op”) is the legal term for a housing unit that is owned and controlled jointly by a group of individuals who have equal shares, membership ...

  3. 999 N. Lake Shore Drive, a co-op–owned residential building in Chicago, Illinois. A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Typically housing cooperatives are owned by ...

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  5. A Housing Cooperative is a form of homeownership collectively owned and controlled by its residents. To join a housing co-op, members purchase stock in the cooperative cooperation (which owns the land, building, and any common areas) and obtain the exclusive right to occupy a specific unit.

  6. Apr 5, 2023 · A housing cooperative, or co-op, is a building or community that is owned and controlled by a group of individuals who have equal membership in the group. When you buy into a housing co-op, you purchase shares in the ownership of the entire community, which entitles you to occupy a specific residence.

    • Devon Thorsby
    • Editor, Real Estate
  7. Feb 23, 2023 · A housing cooperative, or co-op, is a type of real estate where a group of residential units are collectively owned by a non-profit corporation. Residents buy shares of the corporation for the ...

  8. Cooperative Tools. The National Association of Housing Cooperatives is a 501 (c) (3) nonprofit national federation of housing cooperatives, mutual housing associations, other resident-owned or controlled housing, professionals, organizations, and individuals interested in promoting the interests of cooperative housing communities. NEWS.

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