Who owns River City Housing Collective's houses?
River City Housing Collective, Inc.--RCHC is an incorporated 501c3 nonprofit. As a corporation, RCHC owns our assets, but the membership controls them.
Do members own shares?
No, members do not purchase shares. Our members do not build equity or receive dividends. Members sign a leasing agreement for a room at one of our houses in exchange for affordable rent, democratic control, and community living.
If members don't own the houses, then what does your vision statement mean by 'instilling a sense of ownership?'
While you are an active member of RCHC, you will exercise all of the responsibilities of home ownership, including the care and maintenance of our property.
Who's in charge?
All active members are allowed to have a voice in decisions for the Collective and their House. Instead of a landlord, RCHC is managed through the consensus-based decision making of its general membership, member-run committees, and elected officers.
Am I too young/old for your community?
No, everyone is welcome to apply and is given a fair and equitable opportunity at membership. Because of our location in a university town, our membership consists equally of students and the greater Iowa City community.