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Limited Equity Cooperatives:

www.ncbdc.org. Limited Equity Cooperatives:. Greenbelt’s Affordable Housing Workshop July 31, 2006. What is cooperative ownership?. Corporate ownership of real estate Resident ownership of shares/membership Leasehold rights for shareholders/members. How does Co-op Financing Work?.

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Limited Equity Cooperatives:

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  1. www.ncbdc.org Limited Equity Cooperatives: Greenbelt’s Affordable Housing Workshop July 31, 2006

  2. What is cooperative ownership? • Corporate ownership of real estate • Resident ownership of shares/membership • Leasehold rights for shareholders/members www.ncbdc.org

  3. How does Co-op Financing Work? • Blanket Financing • Share Financing www.ncbdc.org

  4. Single family model Equity: 20% Debt: 80% www.ncbdc.org

  5. Condo model Differentlevels ofdebtandequityfor each individual unit and unit-owner www.ncbdc.org

  6. Cooperative model: (Option 1) 30% blanket debtwith various levels ofshare debtandequityfor each member-owner www.ncbdc.org

  7. Cooperative model: (Option 2) No blanket debtwith various levels ofshare debtandequityfor each member-owner www.ncbdc.org

  8. Cooperative model: (Option 3) 100% blanket debt HUD section 213 financing www.ncbdc.org

  9. Cooperative model: (Option 4) <10% restricted equity >60% untapped equity 30% blanket debt www.ncbdc.org

  10. Baltimore Co-ops • Poppleton • Reservoir Hill • Sandtown Winchester • Washington Hill • Waverly Terrace www.ncbdc.org

  11. Questions? Please call Jim Gray (202) 336-7642. www.ncbdc.org www.ncbdc.org

  12. www.ncbdc.org Limited Equity Cooperatives: Greenbelt’s Affordable Housing Workshop July 31, 2006

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