With a 100-unit limited equity housing cooperative, you don’t own your apartment. You own 1/100 of all the apartments.

A limited-equity housing cooperative is a form of shared housing in which many individuals or families jointly purchase housing, often a multi-unit home. Instead of owning a particular unit within it, each party owns a share of the property as a whole, which expands access to home ownership for lower-income people.

This excerpt is from Beautiful Solutions: A Toolbox for Liberation

Araz Hachadourian and David J. Thompson write for the Nonprofit Quarterly (NPQ)