co-op housing define
999 N. Lake Shore Drive, a co-op owned residential building in Chicago, Illinois, United States. A housing cooperative, or co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure.
What is co-op housing? There are many kinds of co-operatives: food co-ops, co-op daycares, credit unions, retail co-ops, worker co-ops and housing co-ops. Any group of people can form a co-operative. The members own the co-operative and the co-operative provides a service they need. Housing co-operatives provide housing.