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The purchase price of a comparable unit in the co-op is typically much lower, however. With limited equity, the co-op has rules regarding pricing of shares when sold. The idea behind limited equity is to maintain affordable housing. A sub-set of the limited equity model is the no-equity model, which looks very much like renting, with a very low ...
It acquired the title from an ailing student housing co-op, ICC-Austin, with the purpose of keeping the building in the affordable cooperative housing sector. ICC-Austin bought the house back from NASCO Properties in 2003. NASCO manages NASCO Properties and through it provides assistance to the local leasing co-ops.
NASCO Properties was established in the late 1980s to help NASCO become more directly involved in student cooperatives and permanent housing cooperatives. NASCO Properties is governed as a "co-op of co-ops", where representatives of each co-op within NP make decisions through their seats on the board on issues that relate to the entire NASCO ...
The Amalgamated Housing Cooperative is a limited-equity cooperative in New York City. Organized by the Amalgamated Clothing Workers (ACW), a Manhattan-based socialist labor union, the co-op's original cluster of Tudor-style buildings was erected at the southern edge of Van Cortlandt Park in 1927. Additional buildings were added in the post ...
The co-operative's Management Committee are all tenants and have had training and support to run this organisation which has a turnover of almost £750,000. The co-operative is a Registered Society under the Co-operatives and Community Benefit Societies Act 2014, a former Industrial & Provident Society (IPS) regulated by the Scottish Housing Regulator and the Financial Conduct Authority.
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The Housing Corporation instigated a standard (statutory) inquiry into the affairs of the Clays Lane Co-operative in 2000, and subsequently received a report of poor management of the Co-operative's affairs from the Audit Commission.The report was the result of an Audit Commission Inspection and which resulted in the Co-op receiving a judgement ...
An unsuccessful plan to launch a student housing co-operative took place in 2004, when MMUnion partnered with the National Union of Students and Confederation of Co-operative Housing [27] to offer cheaper cooperatively owned alternatives to city housing for Manchester Metropolitan University students. The NUS plan fell through as NUS management ...