Glossary of Multifamily Marketing Technology

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