Limited Equity Cooperatives : an alternative method for the development of low to moderate income housing
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The cost of housing is rising disproportionately to income throughout the country. Alternative methods of providing low to moderate income housing are always being sought to offset the gap created by the varying rates of growth between the cost of housing and income. The purpose of this professional report is to examine the Limited Equity Cooperative (LEC) which by simple definition generally limits the resale value of member shares to maintain affordability over time. This report looks at the specifics the LEC to determine how it can by used to provide a viable solution to an overall shortage for low to moderate income households through an hypothetical test cased using 2007 data for the Metropolitan Boston area.