housing co-op
Resident-owned dwelling community
A housing co-op is a residential building or complex owned collectively by its residents, who hold shares in the corporation rather than owning their individual units outright.
Members pay monthly fees covering mortgage, maintenance, and taxes.
Co-op boards typically screen prospective buyers and can reject applicants: The co-op board turned down three potential buyers before approving us.
- shared ownershipJoint holding of property
- tenantOne who rents property
- sharedHeld in common
- collectiveJointly organized group
- communityCollective of connected people
apartments · ownership · members · nonprofit · affordable · equity · bylaws · board · board meeting · residents · democratic · dues · maintenance · sweat equity · building · common areas · shareholder · waiting list
- community groupscommune, kibbutz, collective, neighborhood association, homeowners association
- co-op termscredit union, shared ownership, membership, pooled resources, patronage
- co-opsco-ops, credit union, food co-ops, farmer cooperatives, REI
- cooperativescredit union, co-ops, cooperatives, worker cooperatives, credit unions
- Housing OrganizationsHUD, tenant union, homeless shelter
- shared ownershipco-ownership, shared ownership, community ownership, joint ownership, collective ownership
housing co-opcondominium
Owned unit, shared grounds
private ownership · single-family home · condo · individual ownership
housing, co-op, house, coop, cooperative, cooperate, cooperation, cooperator, housed