While some parts of the housing market are experiencing rapidly rising prices, affordable housing for many people remains a challenge. Some commercial builders find it easier to attract capital to pursue the most lucrative opportunities but harder to get behind projects designed to meet the needs of people with modest incomes, or in need of social housing.
This is another area where the co-op model can fill important gaps. By focusing on how to address this unmet need, a co-operative in the housing market
can assemble the necessary financing to increase the amount of affordable housing in communities – something essential to the health of many communities, and key to quality of life.