Housing co-operatives are organizations where members collectively own and manage their residential properties. Each member typically has a share in the co-op, which gives them the right to live in a unit and participate in decision-making processes. This model promotes community living and shared responsibilities among residents. In a housing co-operative, members often work together to maintain the property and make decisions about finances, rules, and improvements. This collaborative approach can lead to lower housing costs and a stronger sense of community compared to traditional rental arrangements. Housing co-ops can be found in various forms, including limited equity co-ops and market-rate co-ops.