Popping in to celebrate that the #Vermont #RealEstateCoop purchased our first multi-family apartment building at the end of 2023!

We'll be spending the next few months getting the systems in place to be a residential property manager (we already had a commercial space), then starting to scan the market for opportunities to grow our mutual housing snowball...

#btv #winooskivt #VT #housingcoop

Re-#introduction!

I joined Masto in 2016, and was involved with the core group that, inspired by the #platformcoop mvmnt and the #BuyTwitter campaign, launched the #SocialCoop instance in 2017.

I live in #btv #Vermont, work as ED of @veoc supporting the growth of #workercoop and #ESOP models of #EmployeeOwnership, and am involved in a bunch of #coops. Other interests:

#hackerspace
#brewing
#beer
#CreditUnionHistory
#RealEstateCoop
#gardening
#parenting
#climatechange

@supaiku Yup, that is one of the models, along with the Northeast Investment Co-op in Minneapolis, that our main local #RealEstateCoop in Vermont is based on. But I should look a bit more into their building-level stuff.

Seeking thoughts on the use of a #MultiStakholder #coop model in a #RealEstateCoop context.

Basically, the RE #coop projects I've been involved in over the past few years are structured as consumer co-ops with the core concept being a "tenant-owned cooperative landlord". The main property management work is contracted out to an experienced company whose work is overseen by an elected board of directors.

I still think that's the most scalable model, but... 1/

๐Ÿšจ New #Vermont #Coop Alert ๐Ÿšจ

The Livable #RealEstateCoop just launched in the Upper Valley, and is focusing on a model in which they develop and operate Accessory Dwelling Units (ADUs). I spoke to the lead organizer early on, and am exited to see how their model plays out!

https://www.livable.coop/

#vt #btv #UpperValley

Livable Real Estate Cooperative โ€” VT/NH's Upper Valley

Housing is a cornerstone issue throughout the communities of the Upper Valley. We hope to be part of the solution, join us.

Livable Real Estate Cooperative
@alexc @datatitian We did a broader community raise to start a #RealEstateCoop using a consumer cooperative corporation as the holding company that got the mortgage. Chatted with @GuerillaOntologist about the model we used here: https://youtu.be/rLGwl5quZC4
Real Estate Investment Co-ops with Matt Cropp

YouTube

Since closing on the #RealEstateCoop deal at the end of March, I've had a #Vermont food co-op and a #WorkerCoop reach out about possible projects that could use the model.

This is feeling promising... :D

@mattcropp remind me where can I read more about the #RealEstateCoop?

Don't want to jinx it, but it's looking like our second #btv #RealEstateCoop deal will close tomorrow. ๐Ÿคž

If it goes through, we'll have brought over $1 million worth of real estate under #coop ownership in our town in the last year... 

Mortgage approval letter obtained for our second #realestatecoop purchase in #BTV! Now to wrangle up the remaining $50k needed for the down payment + reserves... ๐Ÿ’ธ