Wohnungsgenossenschaft
A Wohnungsgenossenschaft, often translated as a housing cooperative, is a form of collective housing ownership and management. Members of the cooperative purchase shares in the organization, which in turn owns and manages residential properties. These properties can include apartments, houses, and sometimes even commercial spaces. The primary goal of a Wohnungsgenossenschaft is to provide affordable and secure housing for its members, prioritizing living quality and community over profit maximization.
Membership in a Wohnungsgenossenschaft typically involves an initial share purchase, which is often refundable upon leaving
Wohnungsgenossenschaften operate on the principle of self-help, self-administration, and self-responsibility. Profits generated by the cooperative, if