Editing Cohousing (section)

== Co-Homeownership as an Emerging Housing Model ==
In response to the increasing affordability challenges in high-cost housing markets, Co-Homeownership has emerged as an alternative homeownership model that allows multiple buyers to collectively purchase and manage a property while maintaining financial independence through individually held mortgages.<ref>Harvard Joint Center for Housing Studies. ''The State of the Nation's Housing 2024.'' Harvard University. [https://www.jchs.harvard.edu/state-nations-housing-2024 Available here].</ref> 

Unlike cohousing, which emphasizes community-driven governance, or [[co-living]], which is often rental-based, Co-Homeownership ensures that each participant owns and occupies a private suite while sharing common areas such as kitchens and living rooms.<ref>SPUR. ''From Workspace to Homebase: Adaptable Urban Infrastructure.'' 2023. [https://www.spur.org/publications/research/2023-10-05/workspace-homebase Available here].</ref> This model is designed to lower financial barriers by distributing costs such as down payments, mortgages, and maintenance expenses while enabling each owner to build equity independently.<ref>CBRE. ''Impact of Housing Accessibility on Generational Ownership.'' 2024. [https://www.cbre.com/research-and-reports/Impact-of-Housing-Accessibility-on-Generational-Ownership-2024 Available here].</ref>  

Co-Homeownership has gained popularity among [[Millennials]], [[Generation Z|Gen Z]], middle-income families, and retirees seeking affordable, owner-occupied housing with structured exit strategies.<ref>Freddie Mac. ''Affordable Housing Initiatives and Incentives.'' 2024. [https://www.freddiemac.com/research/insight/2024-affordable-housing-initiatives Available here].</ref> By integrating shared equity models with [[PropTech]] advancements, Co-Homeownership provides a scalable and inclusive alternative to traditional homeownership, bridging the gap between renting and sole property ownership.<ref>University of Oxford. ''PropTech 3.0: The Rise of Digital Real Estate Solutions.'' 2024. [https://www.sbs.ox.ac.uk/research/proptech-3-rise-digital-real-estate-solutions Available here].</ref>