Presenters: E. Kim Coontz (CCCD) and Erin Lapeyrolerie (Goldfarb & Lipman LLP)
Cooperative housing models, particularly Limited Equity Housing Cooperatives (LEHCs), present an effective and creative approach to addressing California’s affordability and availability crisis. Cooperatives create new opportunities for ownership and are effective in preserving naturally occurring affordable housing, as in resident owned manufactured home parks. Focusing on LEHCs, the workshop makes the case for how and why this model makes sense from the policy perspective, while promoting economic justice in the housing sector. Includes a discussion of important legal considerations. Various financing mechanisms will also be presented, including ROC Capital & MPRROP.