A better way to build, own, and thrive together.
How we define
Community Ownership
We define community-ownership as enterprises that are majority-owned and controlled by local residents or businesses. Each co-owner ("member") is entitled to a vote in the governance of the entity and a share of the economic benefits generated by its operations.
Our coalition currently supports two different models of community ownership: cooperatives and community investment funds. While there are many models being developed for community ownership, our coalition only supports enterprises that are owned and controlled by the people they serve. Together, members share in the decisions, the benefits, and the future.
People First
Owned and governed by the people it serves.
Democratic Control
One member, one vote.
Shared Prosperity
Benefits stay local and strengthen communities.
Why Democratic Governance?
Giving all members an equal vote is crucial to leveling the playing field for all stakeholders. Community-owned entities should have majority-control by the members protected in the articles and bylaws of the organization.
Control by community is a founding principle
Capital doesn't buy additional voting power (each member only gets one vote)
Local decision-making is central, members and the board represent the community
Community Benefit
Community-owned real estate enterprises balance a variety of goals and social benefits. While members seek a patient return on their investment, their ultimate goal is to develop a vibrant neighborhood with thriving local businesses and housing.
Patient return on capital
Stable and affordable space for residents and businesses (an anti-displacement strategy)
Neighborhood revitalization in accordance with local interests
Creating local, circular economies that prevent wealth extraction from speculators
