WORD OF THE DAY

Cooperative (Co-op)

One or more residential buildings used for single-family ownership, condominiums and/or apartment rental units, with each household considered an “owner” of the community and have majority-rule voting in community oversight, and share in its equity. A cornerstone of government-subsidized housing with low buy-in costs and rents aimed at assisting low income households.

Source: Danter
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WORD OF THE DAY

Duplex

A type of multifamily housing unit that is comprised of two adjacent dwellings – either horizontally or vertically attached – and have separate entrances yet share a wall.  The term is also applied to a variety of multifamily properties with three and four units.

Source: Wikipedia
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