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Limited Equity Cooperatives : an alternative method for the development of low to moderate income housingTrachtenberg, Gail P. 21 November 2013 (has links)
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. / text
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