A cooperative is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from collectives in that they are generally built from the bottom-up, rather than the top-down. Cooperatives may include:
A housing cooperative, or housing 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. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.
Co-op City is a cooperative housing development located in the northeast section of the borough of the Bronx in New York City. It is bounded by Interstate 95 to the southwest, west, and north and the Hutchinson River Parkway to the east and southeast, and is partially in the Baychester and Eastchester neighborhoods. With 43,752 residents as of the 2010 United States Census, it is the largest housing cooperative in the world. It is in New York City Council District 12.
A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Many cooperatives, however, do have a degree of profit orientation. Just like other corporations, some cooperatives issue dividends to owners based on a share of total net profit or earnings ; or based on a percentage of the total amount of purchases made by the owner. Regardless of whether they issue a dividend or not, most consumers’ cooperatives will offer owners discounts and preferential access to goods and services.
Rochdale Village is a housing cooperative and neighborhood in the southeastern corner of the New York City borough of Queens. Located in Community District 12, Rochdale Village is grouped as part of Greater Jamaica, corresponding to the former Town of Jamaica. It is adjacent to four other Queens neighborhoods: St. Albans to the east, South Jamaica to the west, Locust Manor to the north, and Springfield Gardens to the south across the Belt Parkway. Rochdale is about 2 miles (3.2 km) from the Queens/Nassau border and about 1 mile (1.6 km) north of John F. Kennedy International Airport.
Cooperativeeconomics is a field of economics that incorporates cooperative studies and political economy toward the study and management of cooperatives.
The history of the cooperative movement concerns the origins and history of cooperatives across the world. Although cooperative arrangements, such as mutual insurance, and principles of cooperation existed long before, the cooperative movement began with the application of cooperative principles to business organization.
Cooperative Village is a community of housing cooperatives on the Lower East Side of Manhattan, New York City. The cooperatives are centered on Grand Street in an area south of the entrance ramp to the Williamsburg Bridge and west of the FDR Drive. Combined, the four cooperatives have 4,500 apartments in twelve buildings.
A student housing cooperative, also known as co-operative housing, is a housing cooperative for student members. Members live in alternative cooperative housing that they personally own and maintain. These houses are designed to lower housing costs while providing an educational and community environment for students to live and grow in. They are, in general, nonprofit, communal, and self-governing, with students pooling their monetary and personal resources to create a community style home. Many student housing cooperatives share operation and governing of the house. As with most cooperatives, student housing coops follow the Rochdale Principles and promote collaboration and community work done by the members for mutual benefit.
Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan in New York City. The complex has 2,820 units in ten 22-story buildings. Penn South is so named because of its location southwest of New York Penn Station.
The United Housing Foundation (UHF) was a real estate investment trust in New York that constructed numerous cooperative housing projects, including Rochdale Village in Queens and Co-op City in the Bronx.
Abraham E. Kazan (1889–1971) is considered the "father of U.S. cooperative housing".
Herman J. Jessor was an American architect who helped build more than 40,000 units of cooperative housing in New York City. He, along with Abraham Kazan, was a driving force of the cooperative housing movement in the United States.
Van Cortlandt Village is a subsection of the Kingsbridge neighborhood in the New York City borough of the Bronx. The neighborhood is part of Bronx Community Board 8. Named after Van Cortlandt Park, it is bordered by the Major Deegan Expressway to the west, the Jerome Park Reservoir to the east, West 238th Street to the south, and Van Cortlandt Park to the north. Its ZIP Code is 10463.
The Park Slope Food Coop (PSFC) is a food cooperative located in the Park Slope neighborhood of Brooklyn in New York City. It is one of the oldest and largest active food co-ops in the United States. As a food cooperative, one of its goals is to be a "buying agent to its members, not a selling agent to any industry." Non-members may visit the store as a guest of a member, but may not shop.
Housing Development Fund Corporation or HDFC is a special type of housing cooperative in New York City which is incorporated under Article XI of the New York State Private Housing Finance Law (PHFL) and the Business Corporation Law (BCL). Under this law, the city of New York is able to sell buildings directly to tenant or community groups to provide low-income housing. Many HDFCs were created through a process of co-op conversion of a foreclosed, city-owned property. As of 2008, over 1,000 HDFC cooperatives have been developed in the city.
Lindsay Park is a housing cooperative located in the East Williamsburg neighborhood of Brooklyn in New York City. The cooperative is part of the Mitchell-Lama Housing Program, through which the state of New York grants it tax exemptions to maintain affordability. With 2702 units, it is the largest Mitchell-Lama co-op in Brooklyn. According to a 2014 article in The New Republic, Lindsay Park is the most ethnically diverse apartment complex in the United States, with an ethnic makeup that is 33.1 percent white, 31.1 percent East Asian, 30.3 percent Hispanic, and 4.3 percent African American.
Marcus Garvey Village, also known as Marcus Garvey Apartments, is a 625-unit affordable housing development located in the Brownsville neighborhood of Brooklyn. The complex was developed by the New York State Urban Development Corporation and designed by British architect Kenneth Frampton in 1973 and completed in 1976. In 2016,Michael Kirchmann of GDSNY completed a substantial renovation of the buildings and site. It consists of multiple four-story townhouse-like structures spread across nine city blocks with stoops, private backyards, and semi-public courtyards.
