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...
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
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/
๐จ New #Vermont #Coop Alert ๐จ
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!
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
Don't want to jinx it, but it's looking like our second #btv #RealEstateCoop deal will close tomorrow. ๐ค
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... 
Matt Cropp ๐ฒ๐ฒ
Josef Davies-Coates