Limited equity co-ops are a type of housing cooperative where residents own shares in the cooperative rather than owning their individual units. The primary goal is to keep housing affordable by limiting the resale price of shares, which helps prevent market speculation and keeps costs manageable for future buyers. In a limited equity co-op, members typically pay a monthly fee that covers maintenance and other expenses. This model promotes community living and stability, as residents are invested in the cooperative's long-term success rather than short-term profit. Examples of such co-ops can be found in urban areas where affordable housing is in high demand.