cooperative housing


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cooperative housing

n. an arrangement in which an association or corporation owns a group of housing units and the common areas for the use of all the residents. The individual participants own a share in the cooperative which entitles them to occupy an apartment (or town house) as if they were owners, to have equal access to the common areas, and to vote for members of the Board of Directors which manages the cooperative. A cooperative differs from a condominium project in that the owners of the condominium units actually own their airspace and a percentage interest in the common area. In a cooperative there are often restrictions on transfer of shares such as giving priority to other members, limits on income or maximum sales price. (See: cooperative, common area, condominium)

References in periodicals archive ?
The meeting reviewed progress of ongoing inquiries and investigations being conducted against illegal private and cooperative housing societies and steps taken by Capital Development Authority (CDA), Rawalpindi Development Authority (RDA) and Islamabad Capital Territory (ICT) Administration against them which are mushrooming in twin cities of Rawalpindi and Islamabad.
The meeting reviewed the progress of the on-going inquiries, investigations being conducted by NAB against illegal private and cooperative housing societies and the steps taken by Capital Development Authority (CDA), Rawalpindi Development Authority (RDA) and Islamabad Capital Territory (ICT) against illegal private and cooperative housing societies, which are mushroomed in the twin cities of Rawalpindi and Islamabad.
The bureau reviewed progress of ongoing inquiries and investigations being conducted against illegal private and cooperative housing societies and the steps taken by the Capital Development Authority (CDA), Rawalpindi DevelopAment Authority (RDA) and Islamabad Capital Territory (ICT) administration against such societies which are mushrooming in Rawalpindi and Islamabad.
The meeting also reviewed the progress of the ongoing inquiries, investigations against illegal private and cooperative housing societies and the steps taken by the Capital Development Authority (CDA), the Rawalpindi Development Authority (RDA) and the Islamabad Capital Territory (ICT) to check their mushroom growth in the twin cities of Rawalpindi and Islamabad.
The meeting reviewed the progress of the ongoing inquiries and investigations being conducted by NAB against illegal private and cooperative housing societies, and the steps taken by Capital Development Authority (CDA), Rawalpindi Development Authority (RDA) and Islamabad Capital Territory (ICT) against illegal private and cooperative housing societies which have mushroomed in the twin cities of Rawalpindi and Islamabad.
Kohsar View Housing Project, Municipal Corporation Cooperative Housing Scheme,
Foreign Office Employees Cooperative Housing Society, Garden Villas, Gulshan-e-Abad, Judicial
The meeting was Informed that all relevance department of including ICT, CDA and RDA has been asked to take action against all illegal cooperative housing societies and asked them to public the names of illegal housing societies in their respective website and the newspapers in order to impart awareness to the masses to avoid investment in illegal housing societies.
The Informal Sector Cooperative Housing Loan Scheme also known as 'The Coop Loan Scheme' is a product of the NHF Scheme, designed to accommodate non-salaried informal sector Nigerians through co-operative societies to join the National Housing Fund and avail themselves the opportunity of becoming proud home owners.
Damascus, SANA -- A working meeting, chaired by Prime Minister Imad Khamis, approved the participation of cooperative housing sector in rehabilitating unregulated housing areas.
KARACHI -- Supreme Court of Pakistan has ordered conduct of Forensic Audit of all registered Cooperative Housing Societies (CHS).
Quotation are invited for Standard fire and special peril Policy including earthquake for the property mortgaged with HUDCO in respect of MIG I Cooperative Housing Scheme at Coats Nagar , Tutlcorin by M/s Samuelpuram Cooperative Housing Building Society Ltd (Scheme No.

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