limited equity cooperative

limited equity cooperative definition - business

limited equity cooperative

A cooperative housing complex designed for low-income families who become owners and share in management decisions, but are limited in profits that can be earned on resale. The limits on resale profits help maintain a low price for subsequent owners.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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