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Preferred term

limited-equity cooperatives  

Definition

  • For more than a hundred years, limited-equity cooperatives (LECs) (also referred to as “shared-equity cooperatives”) have provided an affordable housing option for low- to moderate-income people. Today, LECs are an underutilized tool for housing developers and others who want to deal with the growing economic and housing crisis in the United States and other markets across the world. [Source: The Encyclopedia of Housing; Limited-Equity Cooperatives]

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https://concepts.sagepub.com/social-science/concept/limited-equity_cooperatives

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