Limited Equity Cooperatives
Limited Equity Cooperatives are a type of housing cooperative where residents collectively own and manage the property, but with restrictions on the resale value of individual units. This restriction is in place to ensure that the housing remains affordable for future residents. Members typically pay a set price to purchase a share in the cooperative and are limited in the amount of profit they can make when selling their unit. This model aims to provide stable and affordable housing options for low to moderate-income individuals and families.