Affordable CO-OP (Collective Opportunities for Owning Property) Act

2022-05-10

Introduced in House

Affordable CO-OP (Collective Opportunities for Owning Property) Act

This bill expands access to financing through zero-interest loans and federally backed mortgages for, and otherwise supports, limited equity cooperatives. These are models of affordable homeownership in which residents purchase a share in a residential development and commit to resell their share at a price that maintains affordability.

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