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by jauntywundrkind 676 days ago
One thing DC had some well half a century ago was housing coops.

Take a bunch of folks across a block of area & convince them to band together & build big. Create a housing coop that collectively owns the building, is the people who will live there.

Right now every property owner is sort of in it for themselves. Figuring out ways to enable development while retaining ownership, without forcing owners to sell of their stake, while enfranchising future owners, worked really well. But it feels like we aren't trying to replicate this clear success.

Opportunity comes at scale Figuring out how to make that scaling possibly accessible by residents (versus someone else getting to capture the value of redevelopment) requires some legal can do willingness we haven't been seeing.

1 comments

Interesting. I'm reading about co-ops, and I don't see much functional difference from condo associations.