Which of the following is a form of housing in which the units are owned by a nonprofit organization?
Understand the Problem
The question is asking for a type of housing where the units are owned by a nonprofit organization, prompting the need to identify the correct housing format from the provided options.
Answer
Cooperative housing.
The final answer is Cooperative housing.
Answer for screen readers
The final answer is Cooperative housing.
More Information
In cooperative housing, units can be owned by a nonprofit organization, and residents may rent or own shares in the cooperative.
Tips
A common mistake is confusing condominiums with cooperatives, as condos are usually individually owned, not by nonprofits.
Sources
- Housing cooperative - Wikipedia - en.wikipedia.org
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