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Types of housing co-ops:

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In a Market-Rate Co-op (MRC) you can buy or sell a membership share at whatever price the market will bear. Purchase prices and equity accumulation are very similar to condominium or single-family ownership.

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In a Limited-Equity Co-op (LEC) the proceeds members can get from selling their shares is limited by a maximum resale formula stated in the bylaws. This keeps the cost of shares accessible and preserves affordability for future members. 

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In a Zero-Equity Co-op (ZEC) members own no equity in their housing. Instead of purchasing appreciating assets, members typically benefit from lower, stable monthly fees (carrying charges) to cover operating costs.

In a Leasehold Co-op (LC) the co-op leases the land and/or buildings from an outside entity, often a community land trust or other nonprofit, rather than owning it outright. A leasehold co-op can have any of the three equity arrangements described above.

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In a Manufactured Dwelling Park Co-op / Resident Owned Community (ROC) members cooperatively own the land, infrastructure, and common assets in their park. . The arrangement is similar to an HOA, and not technically a housing co-op since members individually own their manufactured homes.

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