Étude exploratoire de trois modèles de coopératives d'habitation à capitalisation PDF Download

Author: André Poulin
Publisher: Société canadienne d'hypothèques et de logement
ISBN: 9782893601250
Category :
Languages : fr
Pages : 102

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Book Description
This report represents an exploratory study of the performance of three fictional housing cooperative models presenting three different ways of sharing the equity among the members of the cooperative. This equity is the result of reducing the mortgage debt and of the potential appreciation in value of the housing unit. The first model, the rental cooperative with member investment, only allows the tenant-investor to recover the principal paid on the mortgage. Under the second formula, with an occupancy right and independent equity, an exclusive "right of habitation" is given to the member of his/her unit whereas the equity is shared by the individual and the organization in pre-determined proportions. Lastly, the formula with interdependent equity grants the whole return to the member of the corporation. In all cases ownership of the capital assets remains collective. Application scenarios based on various hypotheses made it possible to proceed with the evaluation of the models in line with three factors: occupancy charge, return for the member and creation of a collective equity. The study concludes with an identification of the strengths and weaknesses of the models; a description of improvements which could be made as well as additional research themes which should make it possible to clarify the parameters for formulae which are ready for experimentation; and a list of conditions which are necessary for the effective development of equity housing cooperatives.