The Promise and Challenges of Co-ops in a Hot Real Estate Market

Limited-equity cooperatives have become a bulwark against a raging real estate market in midtown Manhattan, thanks to residents’ commitment to work together.

1 minute read

September 24, 2005, 1:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech


In the 1970s and 1980s, Clinton residents responded to landlord abandonment of rental housing units by converting them to limited equity cooperatives. Today affordable housing opportunities in the area have almost evaporated, leaving the cooperatives as lone holdouts in an increasingly overheated housing market.

Thanks to David

Friday, September 23, 2005 in Shelterforce Magazine

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