What is a Housing Cooperative?

Who owns River City Housing Collective's houses?

River City Housing Collective, Inc.--RCHC is an incorporated 501c3 nonprofit. 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. As a non-profit, rent costs are only used to pay our expenses, such as our mortgage, taxes, and utilities. 

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.