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Wednesday, July 3, 2019
What Is A Cooperative? The Largest Cooperative City In The World; Co-op City, Bronx - How And Why Coops Can Solve The Problem Of Housing Affordability - How Coops Can House Everyone Via Self Governing Communities, And Bottoms Up Consensus, At Very Low, Affordable Cost

What is a cooperative?

WHAT IS A COOPERATIVE? 

Wikipedia; "A cooperative ("coop") or co-operative ("co-op") is an autonomous association of people who voluntarily cooperate for their mutual social, economic, and cultural benefit.[1] Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services (a consumer cooperative) or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative), hybrids such as worker cooperatives that are also consumer cooperatives or credit unions, multi-stakeholder cooperatives such as those that bring together civil society and local actors to deliver community needs, and second and third tier cooperatives whose members are other cooperatives.

The volunteer board of a retail consumers' cooperative, such as the former Oxford, Swindon & Gloucester Co-op, is held to account at an Annual General Meeting of members

In short, a co-op is defined as "a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically organized by consumers or farmers."[2] Co-operatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets.[3]

The International Co-operative Alliance was the first international association formed by the cooperative movement. It includes the World Council of Credit Unions. A second organization was formed later in Germany, the International Raiffeisen Union. In the United States, the National Cooperative Business Association (NCBA) serves as the sector's oldest national membership association. It is dedicated to ensuring that cooperative businesses have the same opportunities as other businesses operating in the country and that consumers have access to cooperatives in the marketplace. A U.S. National Cooperative Bank was formed in the 1970s. By 2004, a new association focused on worker co-ops was founded, the United States Federation of Worker Cooperatives.

In 2012 the turnover of the largest 300 co-operatives in the world reached $2.2 trillion– which, if they were a country, would make them the seventh largest.[4]
https://en.wikipedia.org/wiki/Cooperative

More in depth information about coops is available at;

What Is A Cooperative And How Does It Work To Generate Profits And Income For Members? Benefits, Origins, Meaning, Identity, Types, And Numbers, Comparison To Communism And Capitalism
http://agreenroad.blogspot.com/2015/01/what-is-cooperative-and-how-does-it.html

THE LARGEST COOP HOUSING CITY IN THE WORLD

Co-op City; 2 min. montage photos

Co-op City, Bronx
From Wikipedia, the free encyclopedia

Co-op City
Neighborhood of the Bronx

Co-op City, as seen from the east, sits along the Hutchinson River.


Co-op CityLocation of Co-op City in the Bronx

Constructed 1973
Named for Short for Cooperative City

Area[1]
• Total 0.936 sq mi (2.42 km2)

Population [2]
• Total 50,000
• Density 53,000/sq mi (21,000/km2)

Ethnicity[3]
• White 8.5%
• African-American 60.5%
• Hispanic and Latino Americans 27.7%
• Asian 1.2%
• Other 2.1%

Economics[1]
Median income $50,717

ZIP code 10475
Area code(s) 718, 347, 929, and 646

Co-op City (Cooperative City), located in the Baychester section of the borough of the Bronx in northeast New York City, is the largestcooperative housing development in the world.[4] Situated at the intersection of Interstate 95 and the Hutchinson River Parkway, the community is part of Bronx Community Board 10. If it were a distinct municipality, it would be the 10th largest "city" in New York State. Nearby attractions include Pelham Bay Park, Orchard Beach and City Island. The community's Zip code is 10475.

RiverBay Corporation is the corporation that operates the community and is led by a 15-member board of directors. As a cooperative development, the tenants run the complex through this elected board. There is no pay for serving on the board. The corporation employs over 1000 people and has 32 administrative and operational departments to serve the development.

A closeup view of Co-Op City buildings (2006)

The complex has its own Public Safety Department with more than 100 sworn officers, which include field patrol, plainclothes detectives and EMT/AED certified members of the force. All members have also attained peace officer status by NY State because of their special training. In December 2007, the cable television company Cablevision gave RiverBay permission to use its fiber optic cables in order to install additional surveillance cameras throughout the complex to be viewed at the Public Safety Command Center. In 2008, trained supervisors were granted the power to write summonses for parking and noise violations and Segways were acquired — along with bikes — to help the officers patrol during the warmer months.

Co-op City was managed by Marion Scott Real Estate, Inc. from October 1999 to November 2014. Before then the property was run by in-house general managers. The development is currently managed by in-house General Managers.

COOPERATIVE NEWSPAPERS SERVE THIS COMMUNITY


There are two weekly newspapers serving the community: Co-op City Times (the official RiverBay paper) and City News.

MOVE IN REQUIREMENTS


As of November 2007 those who wish to move into Co-op City must meet the following requirements:
Must not have felony conviction(s)[20]
Credit score of at least 650 for the one-bedroom and 700 for the two- and three-bedroom apartments
Must not belong to the Section 8 program
Must not have another primary residence
Be subject to a home visit during the application process[20]

SALES PRICES 2007; ILLUSTRATES HOW AND WHY COOPERATIVES CAN SOLVE THE PROBLEMS OF HOME AFFORDABILITY AT VERY LOW COST; ANYONE CAN OWN AND LIVE IN A COOP EVEN AT MINIMUM WAGE


Depending on the number of rooms and occupants

Sales prices:
One-bedroom — $13,500–$18,000
two-bedrooms — $20,250–$22,500
three-bedrooms — $27,000–$29,250[20]

(Cooperatives offer a way out of the boom/bust cycle of the for profit real estate market)

NOTABLE RESIDENTS

Brian Ash — screenwriter/producer (resided in Co-op City from 1974 to 1993)
David Berkowitz — "Son of Sam" Killer (resided in Co-op City from 1968 to 1971)[31]
Big Tigger — radio and television personality[32]
Kurtis Blowold school hip hop pioneer (resided in the Broun Place Townhouses during the mid-1980s)[33]
Christopher Scott Cherot — screenwriter/director (resided in Co-op City from 1970 to 1981)[34]
Eliot L. Engel — United States Congressman who represents New York's 17th congressional district.[35]
Stanley Jeffersonprofessional baseball player from 1986 to 1991.[36]
Queen Latifah — actress, rapper (resided in Co-op City from 1980 to 1984)[33]
Miles Marshall Lewis— African-American author (resided in Co-op City from 1974 to 1996)[37]
Richard Price — novelist, screenwriter.[38]
Sally Regenhard — mother of firefighter Christian Regenhard, and activist for families of the victims of the September 11 attacks
Larry Seabrook— former New York City councilman[39]
Rod Strickland — former NBA basketball player
https://en.wikipedia.org/wiki/Co-op_City,_Bronx


COOP CITY DOCUMENTARY MOVIE


Co-op City Documentory. (Sometimes You Can Go Back)
VIDEO: https://youtu.be/H0j2mr2ZaTA 34 min.

HURRICANE SANDY AND COOP CITY 


The residents of Coop City made it through the hurricane, but some of the trees around it did not..
VIDEO:https://youtu.be/sJ_pkfMheLc 2 min.


RELATED ARTICLES

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SUMMARY


One of the MANY benefits of a coop is that the CEO cannot run wild and do whatever he or she wants, with only yes men on the board, rubber stamping whatever he/she wants. The problem with huge for profit stock corporations is that there is no real stockholder input or accountability. A much smaller cooperative is detailed below, but the structure is still the same. 

Because each member in a coop gets a vote, and is usually directly involved in or lives/works on site, the manager or president of the coop must do things in a way that benefits the members, or his/her proposal is voted down.

In other words, no coop will approve a CEO getting a million dollar a year salary and/or a golden parachute, while the members end up paying more to support that salary and/or benefits. In many coops, the managers are volunteers or they are paid little more than the average worker inside the cooperative, if the coop is large enough to support paid positions.

Problems solved by cooperative housing that usually plagues rental housing ccan include such things as disconnection, no 'community feeling', drugs, high rent prices, bad management leading to dilapidated housing, and unhappy residents.

Combine the coop structure along with a process that considers what works for seven future generations without causing harm, before making any decision, and one more than likely is creating a sustainable, green organization, correct?

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What Is A Cooperative? The Largest Cooperative City In The World; Co-op City, Bronx - How And Why Coops Can Solve The Problem Of Housing Affordability - How Coops Can House Everyone Via Self Governing Communities, And Bottoms Up Consensus, At Very Low, Affordable Cost
https://www.agreenroadjournal.com/2015/08/what-is-cooperative-largest-cooperative.html

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