Housing cooperative
A housing cooperative or housing co-op is an apartment building or similar development (such as a mobile home park), in which tenants own shares of the cooperative organization that owns the development. This ownership structure (housing tenure) is different from renting and homeownership in that co-op owners don't get exclusive possession of their units. Instead, they are granted the conditional right to reside in the units by a co-op board. Housing co-operatives are usually exempt from some of the anti-discrimination laws that other housing tenures must abide by.
Housing Cooperative Media
Housing cooperatives on Central Park West in Manhattan, New York City, from left to right: the Majestic, the Dakota, the Langham, and the San Remo
Housing cooperative in New Borg El Arab city, Egypt
Warminster Heights, Pennsylvania was built by the Federal government in the 1940s as housing for civilian workers; it became a housing cooperative in 1986
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Nottingham Cooperative in Madison, Wisconsin, a co-op home since 1971
Co-op City in The Bronx, New York City is the largest cooperative housing development in the world, with 55,000 people.