AUSTIN: One way to attack escalating seniors housing property costs is to increase the number of limited equity cooperatives, where people own property collectively, run it democratically and don’t extract profit from it.
Renters often feel powerless, but a co-op member can say “this is my home and no landlord’s going to force me out or arbitrarily raise my rent, or enforce arbitrary rules”, said a cooperative founding member.
Limited equity co-op residents don’t own individual units. Each household owns one share of the cooperative…