co-op housing
Co-operative Housing
Includes Listing of Co-op Housing in Minnesota
--From www.co-ophousingcoalition.org
From the outside, a housing co-op looks like any other townhouse development or apartment building. But, a housing co-op is different - here's how:
Owned by Members
The residents of a housing co-op are members of the co-op corporation which owns the whole property. The co-op provides a unit (townhouse or apartment) to a member household. A household can consist of one or more adults - with or without children. Members do not own their own units.