Building the cooperative commonwealth
September 27, 2018 6:19 AM Subscribe
"The first building, named Alku (Finnish for “beginning”), was completed that year. Within a decade, there were almost 30 Finnish-owned co-op buildings in Sunset Park, with carrying costs (a monthly maintenance fee paid by each household) around half the rent of similar apartments in privately owned buildings. Members were forbidden from selling their units at a profit to ensure lasting affordability. In a pattern that would be repeated for decades to come, the housing co-ops became part of a local co-op ecosystem that included a restaurant, bakery and grocery store."The NYC labor movement built 40,000+ units of low-cost co-op housing for workers- So what happened? What can we learn? (In These Times) Next System Podcast on community control of land and housing, which includes a discussion of actionable policies that cities can take to push back against gentrification and build community wealth. (Transcript and Report available) In North Carolina, co-ops are building a more democratic economy.
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