OwnershipД®ach resident or resident household has membership in the co-operative association. Because of this, most jurisdictions have developed separate legislation, similar to laws that regulate companies, to regulate how co-ops are operated and the rights and obligations of shareholders. Co-operative ownership is quite distinct from condominiums where people own individual units and have little say in who moves into the other units.

However, as many housing cooperatives strive to run self-sufficiently, as much work as possible is completed by its members.ДЄ shareholder in a co-op does not own real estate, but a share of the legal entity that does own real estate. It can also hire employees, such as a manager or a caretaker, to deal with specific things that volunteers may prefer not to do or may not be good at doing, such as electrical maintenance.

4.1 Market-rate and limited-equity co-opsДЄs a legal entity, a co-op can contract with other companies or hire individuals to provide it with services, such as a maintenance contractor or a building manager.

The city's response: We are all immigrants and the undocumented are New Yorkers too. Husock also says the policy change is unfair to people who have gone through the legal immigration process and are waiting patiently to win the lottery.

'They want to make sure the tenants they do get are able to pay the bills, so we want them to have the assurance of a good credit score, and by taking that off the table, we will discourage developers from participating in the mayor's signature housing program,' he says. We do not want those disparities to spill over into who has access to affordable housing,' she says.Д«ut Howard Husock of the Manhattan Institute, a conservative think tank, says credit scores judge only whether one pays all bills on time, knowledge a landlord needs. 'The Trump Administration has created a chilling effect,' says Margy Brown, the associate commissioner of housing opportunity and program services, in the Department of Housing Preservation and Development.Д«ut Brown adds the city has been considering eliminating the credit report requirement for a while. The de Blasio administration says President Trump's get-tough policies toward the undocumented are a major reason for the change. They don't have a social security number or a TIN вЂ¦ They may fear that if they apply especially with this administration they might face some repercussion вЂ¦ so that is now a huge barrier that has been eliminated.' Undocumented immigrants, she says, 'confide in me. NuГ±ez is a housing ambassador, helping people apply for the affordable housing lottery.

The change will have the effect of opening the lottery to many more undocumented immigrants, who do not have Social Security numbers and are reluctant to apply for a tax ID number. The city says the numbers are no longer needed because it is eliminating credit checks. Only 7,857 'won' the right to an apartment with below-market rent.Д«ut now the de Blasio administration is dropping its requirement that applicants have a Social Security or a TIN, a Tax Identification Number.

New Yorkers entered the city's affordable housing lotteries 4,654,603 times last year.

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