What kinds of co-ops does NCF develop?
Cooperatives take many forms. They can be 1) market rate, increasing in value according to the general housing market, or 2) “limited equity,” meaning that steps are taken to ensure that the co-op stays affordable for a long time. Beyond that, housing cooperatives can take just about any form you can imagine-artist’s lofts, low-income housing, and more. At NCF, we have concentrated our efforts in the following areas: Manufactured Home Park Cooperatives. Residents in manufactured home parks are among the most vulnerable to steep rent increases, sub-par infrastructure, and displacement. NCF can help residents cooperatively purchase their parks and gain control over the property and their quality of life. Two manufactured home parks have become cooperatives in Minnesota in the last year, and plans are underway to convert several more in Minnesota and Wisconsin. Rental Conversions. Residents living in traditional apartment buildings can organize to purchase the building when a property own
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