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An Evaluation of Limited equity Housing Cooperatives in the United States

Author

Listed:
  • Gerald Sazama

    (University of Connecticut)

  • Roger Willcox

    (National Association of Housing Cooperatives)

Abstract

Limited equity cooperatives (LECs) are evaluated within the following framework: 1) the effect of resident participation on operating costs, 2) the disutility of time and effort that members devote to co-op activities, 3) the intangible benefits of co-op living, 4) the degree of subsidization, and 5) the financial viability of LECs. As a result of information gathered from interviews of field practitioners and academic experts, the authors' personal experiences, and a review of the literature, LECs are seen as an effective way of providing home-ownership opportunities for low-income families the United States.

Suggested Citation

  • Gerald Sazama & Roger Willcox, 1995. "An Evaluation of Limited equity Housing Cooperatives in the United States," Working papers 1995-02, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:1995-02
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    File URL: https://media.economics.uconn.edu/working/1995-02.pdf
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    Cited by:

    1. Gerald Sazama, 1996. "A Brief History of Affordable Housing Cooperatives in the United States," Working papers 1996-09, University of Connecticut, Department of Economics.

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