ABSTRACT

This chapter instantiates some of the ideas briefly developed in "Neither the Market Nor the State: Housing Privatization Issues. It discusses only issues that seem likely to have a significant effect on the viability of the overall model of limited equity cooperatives. The functions of the organization are to gather information, provide technical assistance, and represent the interests of the joint tenancies. The purpose of the form of organization is to promote joint tenancy self-management, and to assure the best possible use of the loaned funds. The first model is based on maximum protection for the rights of individual unit owners at the expense of all other objectives. The sources of funds are foreign capital invested directly in rehabilitation and improvement loans through the Bank. The units the District retains should be managed by the District as a fully public "social housing sector." .