Housing cooperative in the context of "Castle Village"

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⭐ Core Definition: Housing cooperative

A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.

Housing cooperatives fall into two general tenure categories: non-ownership (referred to as non-equity or continuing) and ownership (referred to as equity or strata). In non-equity cooperatives, occupancy rights are sometimes granted subject to an occupancy or membership agreement, which is similar to a lease. In equity cooperatives, occupancy rights are sometimes granted by way of purchase agreements and legal instruments registered on the title. The corporation's articles of incorporation and bylaws together with the occupancy agreement specify the cooperative's rules.

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Housing cooperative in the context of Consumer cooperative

A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Many co-operatives, however, do have a degree of profit orientation. Just like other corporations, some co-operatives issue dividends to owners based on a share of total net profit or earnings (all owners typically receive the same amount); or based on a percentage of the total amount of purchases made by the owner. Regardless of whether they issue a dividend or not, most consumers' co-operatives will offer owners discounts and preferential access to goods and services.

Consumers' co-operatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' co-operatives, operating in areas such as health care, insurance, housing, utilities and personal finance (including credit unions).

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Housing cooperative in the context of Tudor City

Tudor City is an apartment complex on the East Side of Manhattan in New York City, bordering the Turtle Bay and Murray Hill neighborhoods. It lies on a low cliff east of Second Avenue, between 40th and 43rd Streets, and overlooks First Avenue to the east. Designed and developed by the Fred F. French Company, the complex is named for its Tudor Revival architecture. Construction commenced in 1926, making it one of the first residential skyscraper complexes in the world. Tudor City was also one of the first and largest examples of a planned middle-class residential community in New York City. The complex is a New York City designated landmark district and is listed on the National Register of Historic Places.

The 13-building complex consists of 11 housing cooperative structures, one rental apartment building, and one short-term hotel, which collectively house 5,000 people. Most of Tudor City's buildings are arranged around 41st and 43rd Streets, which slope upward east of Second Avenue; the eastern ends of the two streets are connected by Tudor City Place, which crosses over 42nd Street. Two parks flank 42nd Street, and there was originally an 18-hole miniature golf course in the southern park. The buildings generally contained stone, brick, and terracotta facades, as well as ornate Tudor-style details. The Fred F. French Company advertised Tudor City heavily, erecting large signs on the roofs of two buildings on 42nd Street.

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Housing cooperative in the context of Cohousing

Cohousing is an intentional, self-governing, cooperative community where residents live in private homes often clustered around shared space. The term originated in Denmark in the late 1960s. Families live in attached or single-family homes with traditional amenities, usually including a private kitchenette. As part of the communal orientation, shared spaces typically feature a common house, which may include a large kitchen and dining area, laundry, and recreational spaces. Walkways, open space, parking, playgrounds and gardens are common examples of shared outdoor spaces designed to promote social interactions. Neighbors also often share resources like tools, babysitting and creative skills.

Neighbors collaboratively plan and manage community activities and shared spaces while maintaining their own income and private lives. The legal structure is typically a homeowner association or housing cooperative, and some use community land trusts. To promote the common good, cohousing members regularly share meals, attend meetings, and participate in community work days. As part of cohousing's social nature, neighbors gather for parties, games, gardening, musical performances, movies, sports, and celebrations. Living in cohousing makes it easy for residents to form clubs, organize child and elder care, share information, free cycle and carpool.

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Housing cooperative in the context of Owner-occupier

Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment.

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Housing cooperative in the context of Co-op City

Co-op City (short for Cooperative City) is a cooperative housing development located in the northeast section of the borough of the Bronx in New York City. It is bounded by Interstate 95 to the southwest, west, and north and the Hutchinson River Parkway to the east and southeast, and is partially in the Baychester and Eastchester neighborhoods. With 43,752 residents as of the 2010 United States census, it is the largest housing cooperative in the world. It is in New York City Council District 12.

Co-op City was formerly marshland before being occupied by an amusement park called Freedomland U.S.A. from 1960 to 1964. Construction began in 1966 and the first residents moved in two years later, though the project was not completed until 1973. The construction of the community was sponsored by the United Housing Foundation and financed with a mortgage loan from New York State Housing Finance Agency.

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