Limited-equity housing cooperatives (LEHCs) provide a solution for those facing exorbitant rent and unattainable homeownership despite rising urban property costs. In an LEHC, individuals own a share of the collective housing rather than a specific unit. This model not only reduces the costs associated with home ownership but also enables shared governance of communal spaces. The structure of LEHCs allows lower to moderate-income families to benefit from housing ownership while maintaining affordability, positioning this cooperative model as a necessary alternative to traditional home buying in a challenging economic climate.
With a limited-equity housing cooperative, ownership is collective, allowing lower-income individuals to access home ownership without the burden of high real estate costs.
LEHCs expand access to home ownership by allowing families to jointly purchase housing, making financial security achievable for communities often shut out of mainstream real estate.
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