Frequently Asked Questions
Helping build sustainable, mixed-income communities by purchasing land and/or buildings to convey into afforable housing units.
What is a land co-op?
A land co-operative is when an entity owns the land and/or the land and buildings and enters into an agreement with a local co-op. A land co-op ensures that the land and or buildings are taken care of.
What are the benefits of a land co-op?
adaptable to future changes in government policies and funding programs
able to create scale by pooling resources and networks
used as a vehicle for further development leaving the local co-op to focus on community while assets are being protected.
What is the land co-op responsible for?
Community land co-ops acquire land and buildings to provide at-cost housing to local co-op members. In doing so, they remove the land from the speculative market. To do this they:
maintain the asset
fill units on behalf of the local co-op
Who are the members of a land co-op?
Members of the land co-op will include, professionals, organizations and individual co-operatives (through a delegate system). A land co-op has its own board of directors responsible for the governance of the properties and monitoring contracts such as professional property management to complete the day-to-day operations of the land co-op. The board of the land co-op will be elected at the annual meeting.