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Will Limited-Equity Cooperatives Make a Comeback?

shelterforce.org · 4,134 words · saved by 1 readers

Federal programs and cultural attitudes that helped launch a majority of the large limited-equity co-ops across the nation are long gone, but at a smaller scale, this model of resident-controlled, long-term affordable housing may be experiencing new interest. For more than eight years, residents at 53 Columbus St. in San Francisco banded together to save their homes. After a nonprofit stepped in and purchased their building, the residence became a limited-equity co-op. Photo courtesy of the San Francisco Community Land Trust LILLIAN M. ORTIZ PUBLISHED: APRIL 25, 2017 SHARE TOPICS FROM LEGACY ISSUE For more than eight years, residents at 53 Columbus St. in San Francisco banded together to save their homes. After a nonprofit stepped in and purchased their building, the residence became a limited-equity co-op. Photo courtesy of the San Francisco Community Land Trust It was the banner that first caught his eye. Jonathan Bonato can still remember walking past the multi unit building at 53 C

For more than eight years, residents at 53 Columbus St. in San Francisco banded together to save their homes. After a nonprofit stepped in and purchased their building, the residence became a limited-equity co-op. Photo courtesy of the San Francisco Community Land Trust It was the banner that first caught his eye. Jonathan Bonato can still remember walking past the multi unit building at 53 Columbus Ave. in San Francisco and seeing the “Save Chinatown Housing” sign on the front façade. He wished he could live there, not only because it was a great location—on the border of historic Chinatown a

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