Cooperative housing is a form of housing in which the units in a building are owned by a nonprofit organization.

Name: Cooperative housing is a form of housing in which the units in a building are owned by a nonprofit organization.
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Question

Quizplus · Accepted Answer

In cooperative housing, the units are owned by a cooperative corporation, which is a nonprofit organization. The members of the cooperative corporation own shares in the corporation, which entitles them to occupy a specific unit in the building. Therefore, option A is true.

Cooperative Housing Is a Form of Housing in Which the Units