The purpose of this chapter is to foster creation and preservation of affordable housing in Vermont by enabling individuals to form cooperative housing corporations, including limited equity cooperatives, for the purpose of developing, acquiring, owning, and operating housing on a cooperative basis, and by encouraging lending institutions to engage in financing of cooperative housing ownership interests.
Vt. Stat. Ann. tit. 11, § 1582
Purpose
Known as the Cooperative Housing Ownership Act
The act spans §§ 11-1581 to 11-1610 (30 sections).
Added 1987, No. 254 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.