Concept information
Preferred term
cooperative housing
Definition
- Housing cooperatives are democratically governed nonprofit corporations whose resident shareholders jointly own multiple-unit properties. The U.S. Census Bureau defines a cooperative as a type of ownership whereby a group of housing units is owned by a corporation of member-owners. [Source: The Encyclopedia of Housing; Cooperative Housing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/cooperative_housing
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