Limited Equity Housing Co-ops

The following photographs show examples of Limited Equity Housing Cooperatives or LEHCs in both the US and England.  LEHCs provide permanently affordable housing by combine aspects of both home ownership and renting. 

Rather than receive a deed for their individual unit, co-op members receive shares or membership certificates in the cooperative corporation, which owns and operates the property.  Members also receive a "proprietary lease" that allows them to occupy their individual units in the co-op.  Members pay a monthly fee to the co-op that covers their share of the cost of owning, operating and maintaining the property.

In California, co-op members are legally considered home owners.  Co-op members can deduct their share of the co-op's mortgage interest and property taxes on both their state and federal income tax returns.

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David Thompson, International Co-op Expert	Anchor Estates, England The world's oldest Limited Equity Housing Cooperative. Founded in 1902.
Davis Area Cooperative Housing Association Three of the 20 homes that DACHA owns in Davis.	Davis Area Cooperative Housing Association Three of the 20 homes that DACHA owns in Davis.
Davis Area Cooperative Housing Association Five of the 20 homes that DACHA owns in Davis.	Davis Area Cooperative Housing Association Five of the 20 homes that DACHA owns in Davis.
Dos Pinos Cooperative, Davis Two of the homes in Dos Pinos and a portion of the community's open space.	Dos Pinos Cooperative, Davis Some of the ample open space at Dos Pinos.

 

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