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Will Limited-Equity Cooperatives Make a Comeback?

Lillian M. Ortiz

April 25, 2017 |

Shelterforce |

Text |

Over 3000 Words

Response Location: United States, San Francisco, California

Limited Equity Co-ops provide a long term, affordable housing solution for tenants. The method began in the 60s and is slowly rising again. In a LEC the value of the housing unit can’t go up to market value, and therefore preserves affordable prices for a longer period of time. “The history of limited-equity co-ops is full of residents who work together to fight eviction and take care of their building.” There are an estimated 160,000 LEC’s nationally.

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