A cooperative housing society is a voluntary association formed by individuals who come together to own and manage housing collectively. This model promotes affordable housing, mutual support, and a sense of community, allowing members to share resources and make collective decisions regarding their living environment.

• Affordable Housing: To provide members with access to reasonably priced housing through collective ownership.
• Community Living: To foster a sense of community among members, encouraging social interaction and cooperation.
• Resource Sharing: To enable members to share facilities and resources, reducing individual costs and promoting sustainability.
• Democratic Management: To ensure fair and democratic decision-making processes regarding housing and community management.
• Economic Sustainability: To promote financial stability and long-term sustainability through cooperative practices.

• Housing Cooperatives: Members own shares in the cooperative, which owns the property.
• Tenants' Cooperatives: Residents lease their units from the cooperative, which also manages the property.
• Limited Equity Cooperatives: Members maintain a stake in the property, but resale prices are limited to keep housing affordable.
• Market-Rate Cooperatives: Members can sell their shares at market prices, providing potential profit while still benefiting from cooperative principles.

• Affordability: Lower housing costs through collective purchasing power.
• Mutual Support: Enhanced support systems within the community.
• Control: Members have a say in governance and decision-making affecting their living environment.
• Stability: Long-term security in housing arrangement and community structure.
• Shared Maintenance: Bulk maintenance and management costs are reduced, leading to better property upkeep.

• Addressing Housing Shortages: Provide an alternative housing model that can help address housing shortages, especially for low- and moderate-income individuals and families.
• Promoting Social Inclusion: Foster diverse and inclusive communities where people from different backgrounds can live together.
• Empowering Residents: Empower residents to take control of their housing and participate in the decision-making process.
• Creating Sustainable Communities: Encourage sustainable living practices and resource management through collective action.
• Stabilizing Neighborhoods: Contribute to the stability and revitalization of neighborhoods by providing long-term, community-based housing.
• Alternatives to Market-Driven Housing: Provides an alternative to the often speculative and unaffordable nature of the private housing market.

Cooperative housing societies offer a viable and attractive alternative to traditional housing models. By prioritizing affordability, community, and democratic control, they empower residents, promote social inclusion, and contribute to the creation of sustainable communities. As housing affordability becomes an increasing concern, cooperative housing societies are poised to play an increasingly important role in shaping the future of housing.